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

Patience is more virtuous than speed
DNMUM408157 | 2/20/2018 12:00:00 AM | Author : Rama Moondra | WC :518

“Do you even realise what kind of pressure we handle. Thanks to your cost-cutting measures, it’s impossible to get vendors. Please stop expecting targets now.”
Anushree Gupta sure was very angry when she slammed the door behind her. The glass door
Add To LightboxCalculate Price

World at my fingertip
DNMUM408158 | 2/20/2018 12:00:00 AM | Author : Sanchit Khera | WC :780

With improvements in smartphone technology and advancement in connectivity, the Indian domestic travel market is going to grow at 11% annually. Air travel and Hotels will grow between 13-15% year over year, driving the main revenue behind transportat
Add To LightboxCalculate Price

Listed old private banks set to shine
DNMUM408163 | 2/20/2018 12:00:00 AM | Author : G Chokkalingam | WC :466

On January 9, 2018, we had written “Next M&A target: Old private banks” as these banks have been going through consolidation process over the last two decades and some of them have crossed Rs 1 lakh crore business mark recently. Surprisingly, we last
Add To LightboxCalculate Price

PNB fraud pushes bank stocks to 52-week low
DNMUM408164 | 2/20/2018 12:00:00 AM | Author : Ahana Chatterjee | WC :526

Mumbai: The Punjab National Bank fraud hit the banking and jewellery stocks continued their slide this week on Monday with the banking stocks now plumbing to their 52-week lows.
They have dragged the benchmark indices too, with the Sensex losing
Add To LightboxCalculate Price