BANGALORE: India's gold rush is getting stronger. The cumulative demand for the yellow metal in the country is estimated to increase to over 1,200 tonnes or approximately Rs 2.5 trillion by 2020 at the current price levels, according to a report titled 'India: Heart of Gold' released by the World Gold Council (WGC) on Thursday.
India's appetite for gold has increased by 25% despite the rupee rising 400% in the last decade, the report said.
"The rise of India as an economic power will continue to have gold at its heart. India already occupies a unique position in the world gold market, and as private wealth in India surges over the next ten years, so will Indian demand for gold," said Ajay Mitra managing director for WGC India.
India accounts for 32% of the global jewellery and investment demand in 2010 at 963 tonnes. "Demand for gold will be driven by savings and growing income levels," said Ian Tefler, chairman of WGC.
At over 18,000 tonnes, Indian households are the largest stockists of gold globally. The report says that two-thirds of the gold demand is driven by a vast majority of people living in villages.
The per capita gold jewellery demand rose from 0.31 grams in 1992 to 0.61 grams in 2010, although this level is below the peak levels of 0.65 grams recorded in 1998. Kerala, Maharashtra, Gujarat and Uttar Pradesh have seen a major demand for gold. The southern states account for 40% of the country's gold demand.
"We predict the new demand for gold will be driven by rapid GDP growth, urbanization and emergence of strong middle class and rising savings rate at 30-40% of income levels," said Mahesh Vyas, MD of the research agency Centre for Monitoring Indian Economy.
via : http://timesofindia.indiatimes.com/business/india-business/The-gold-rush-demand-for-yellow-metal-rose-by-25/articleshow/7840869.cms
Friday, April 1, 2011
Thursday, December 16, 2010
Sejarah Dinar Emas
Dinar Emas dan Dirham Perak
Di Malaysia berkat pengalaman kelesuan ekonomi global pada 1997 dinar emas yang diperbuat daripada emas 9166 telah mula dikembalikan kegemilangan sebagai medium penyimpan nilai yang tinggi, stabil, sentiasa berpotensi untuk meningkat nilai serta komoditi yang paling selamat. Dalam konteks yang lebih luas dinar emas turut mampu dijadikan perantaraan urusniaga hartanah, gaji dan bonus pekerja, mahar dan hantaran perkahwinan, urusan haji dan umrah, zakat dan fitrah serta semua pembayaran perniagaan dalam dan luar negara bagi negara yang berminat. Ini memandangkan dinar emas mempunyai nilai intrinsik atau tersendiri yang diterimapakai oleh masyarakat dunia. Nilai emas adalah stabil dan meningkat dari semasa ke semasa berbanding matawang konvesional yang seringkali menjadi mangsa “serang hendap” para penyangak matawang antarabangsa bagi mengaut keuntungan mudah dan besar.
Wednesday, December 15, 2010
2011 Public Gold New Dealer Recruitment Program
Master Dealer Term and Condition |  |  |
A. Qualification
1. Accumulate total sales of RM500,000.00 (including own purchase, first purchase by Priority Dealer, and new Dealer) on purchase any of Public Fine Gold International Sdn Bhd’s products which consist of gold bar, gold coin, gold dinar, jewelleries, silver bar and etc according to current prices.2. Priority Dealer required to recruit at least 3 Priority Dealers.
3. Sales accumulation period will be calculated twice a year (6 months) which from:
1st January to 30th June
1st July to 31st December
4. Priority Dealer will be interviewed by Public Fine Gold International Sdn Bhd’s
Board of Director before qualified to promote as an authorized Master Dealer.
5. Priority Dealer has to request in order to become Master Dealer and is subject to approval
B. Requalification Evaluation
1. Evaluation of Personal Sales will be conducted twice a year which from: 1st January to 30th June
1st July to 31st December
2. Master Dealer will be degrading in case of without sales within six consecutive months.
C. Web Promo Assessment
1. Group Sales need to achieve RM500,000.00 within the Assessment Period of 6 months period.2.Assessment of Group Sales will be conducted twice a year which from:
1st January to 30th June
1st July to 31st December
3. Master Dealer needs to maintain the sales target on next Assessment Date to continuously publish their name in Public Gold website. Names will be taken out from Public Gold website if Master Dealer has failed to maintain the target of total group sales.
D. Commission
1. Commission Division Direct Commission (from Customer)
Sales – 2% from total sales amount
Indirect Commission (from Dealer)
Sales – 1.0% from total sales amount
Indirect Commission (from Priority Dealer)
Sales – 0.5% from total sales amount
Buy Back: Direct 0.5% from total personal buy back
2. Commission will be paid by Public Fine Gold International Sdn Bhd to Master Dealers on 20th each month into their bank account. Unless 20th fall on Saturday or Sunday, therefore commission will be bank in on Monday (21st or 22nd). Master Dealers will receive the payment within 3 working days after commission has been bank in.
3. Master Dealers will receive Monthly Commission Statement within 15 working days after the commission has been bank in.
4. All order payments and active bank account number (either Public Bank Berhad or Maybank Berhad) must provided by dealers to Account Department on or before 5th each month, else the commission of the month will be postponed to next month.
E. Miscellaneous
1. Master Dealer is entitled to sell all of Public Fine Gold International Sdn Bhd’sgold products including:
Gold Bar (Au999.9) – 20g, 50g, and 100g
Gold Coin (Au999.9) – 50g
Gold Dinar (Au916) – 1 Dinar, 5 Dinar, and 10 Dinar
Jewellery (Au916)
Silver Bar (Ag999) – 250g, 500g, 1kg
2. Appointment letter will be given to a qualified Master Dealer to prove that he or
she is Public Fine Gold International Sdn Bhd’s authorized Master Dealer.
3. Master Dealer is entitled to recruit Priority Dealer and Dealer.
4. They are not allowed to sell Public Fine Gold International Sdn Bhd’s products if he or she is no longer Public Fine Gold International Sdn Bhd’s authorized Master Dealer.
5. Master Dealer is reminded to always keep the positive image of Public Fine Gold International Sdn Bhd. Public Fine Gold International Sdn Bhd has the right to strip the appointment of Master Dealer, or to claim compensation in terms of law if Master Dealers done any activities or spread any rumors that will influence the company’s reputation.
6. Public Fine Gold International Sdn Bhd has the right to modify these Dealers
Terms and Conditions from time to time according to requirements without prior notice to the dealer.
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