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India’s gold investment demand tops jewellery for first time ever in March quarter

MUMBAI, April 29 (Reuters) – India’s investment demand for gold surpassed jewellery consumption for the first time on record in the March quarter, ​as investors turned to the precious metal amid subdued equity ‌market returns, the World Gold Council (WGC) said on Wednesday. Stronger investment demand in the world’s second-largest consumer of gold partly offset a decline in jewellery buying, hit ​by a rally in prices, helping keep overall demand stable, ​the WGC said. “For the first time investment demand surpassed jewellery ⁠demand,” Sachin Jain, chief executive of the WGC’s Indian operations, told ​Reuters. “Investment demand will become increasingly prominent

‘No gap’ private health insurance can save you money. But there’s a catch

Melbourne, Apr 29 (The Conversation) During a cost-of-living crisis, many Australians may be wondering if their private health insurance policy actually delivers. Rising premiums, the high costs of specialists’ fees, large out-of-pocket costs and bill shock are some common concerns. So it might be tempting to look for a “no gap” and “known no gap” arrangement. These are in the news this week due to concerns about how health insurer Bupa is negotiating with hospitals to provide this type of care. But when it comes to hospital care more broadly, what do the terms “no gap” and “known gap” really

Stock markets rebound in early trade

Mumbai, Apr 29 (PTI) Equity benchmark indices Sensex and Nifty rebounded in early trade on Wednesday helped by buying in blue-chip stocks and a rally in Asian markets. Buying by domestic institutional investors also offered support, helping cushion the downside moves, analysts said. The 30-share BSE Sensex climbed 358.92 points to 77,245.83 in opening trade. The 50-share NSE Nifty went up by 101.2 points to 24,096.90. From the 30-Sensex firms, Maruti, ITC, Tech Mahindra, Infosys, Mahindra & Mahindra and Reliance Industries were among the biggest gainers. Tata Steel, Asian Paints, ICICI Bank and Axis Bank were among the laggards. Brent

Rupee falls 13 paise to 94.81 against US dollar in early trade

Mumbai, Apr 29 (PTI) The rupee depreciated 13 paise to 94.81 against the US dollar in early trade on Wednesday, as rising global oil prices kept the currency under pressure. Forex traders said elevated crude oil prices and month-end dollar demand amid a broader shift toward safe-haven assets dented investor sentiment. The focus has now shifted to the upcoming US Federal Reserve policy decision. While rates are expected to remain unchanged, the tone will carry more weight than the action, they said. At the interbank foreign exchange market, the rupee opened at 94.79 against the US dollar, then lost some

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