You are here: Home >> English News & Features >> Business & Economy

Small is big in online gold buying

DNAHM74429 | 8/22/2014 | Author : dna correspondent | WC :299

Gold purchase on e-commerce platform is cheaper, says Ketan Kothari, director of Bullion India

When it comes to buying gold online, small seems to be big. Around 40% customers of e-commerce company Bullion India buy one gram of gold. The company has offered 2% discount to buyers during the upcoming Diwali festivals. Gujarat accounts for around 12-15% share in the Rs500-crore gold market on e-commerce platform.
The buying of yellow metal on e-commerce is increasing. The market for online gold purchase was around Rs200 crore two years back which has increased to Rs500 crore, said Ketan Kothari, director of Bullion India.
He also said the turnover of his company is Rs50 crore and the target is to take it to Rs150 crore in the current financial year. Gujarat accounts for 15% of the company’s total business.

Read full story

Copyright restricted. Under license from   
Add To Lightbox
Calculate Price

More on Business & Economy

AI-based image processing to transform retail shopping experience
DNMUM381499 | 1/18/2017 12:00:00 AM | Author : dna correspondent | WC :317

When Amazon recently showcased a video depicting their vision of how retail consumers will be able to shop by simply walking into a store, picking up what they need, and walking out, it was met with much disbelief. However, this could soon be a re

Add To LightboxCalculate Price

Sensex falls 53 points on growth fears
DNMUM381512 | 1/18/2017 12:00:00 AM | Author : dna correspondent | WC :203

Mumbai: The key benchmark indices slipped marginally in Tuesday’s session on the back of International Monetary Fund (IMF)’s sharp downgrade of India’s GDP estimate. The BSE Sensex slipped 52.51 points, or 0.19%, to close at 27235.66 while
Add To LightboxCalculate Price

Tata Power top renewables co now
DNMUM381513 | 1/18/2017 12:00:00 AM | Author : dna correspondent | WC :356

Mumbai: Tata Power’s total operating capacity from renewable-electricity generation sources has touched 3,060 megawatt (me), thereby making it India’s largest renewable energy company.
Of the total operating capacity, wind energy tops the chart wi
Add To LightboxCalculate Price

PoS imports eased in cashless drive
DNMUM381515 | 1/18/2017 12:00:00 AM | Author : Shahkar Abidi | WC :207

Mumbai: The government has eased imports of point of sales (PoS) devices to help banks meet the stiff target of installing 1 million such additional devices by March-end. A PoS device is an indispensable tool in a cashless digital payment ecosystem.<
Add To LightboxCalculate Price