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Sensex 59984.7 (-1.89%)
Nifty Bank 39508.95 (-3.34%)
Nifty IT 34913.6 (-1.66%)
Nifty Financial Services 18987.55 (-2.65%)
Adani Ports 688.10 (-7.74%)
Asian Paints 3116.30 (0.70%)
Axis Bank 758.35 (-3.70%)
B P C L 420.80 (-1.61%)
Bajaj Auto 3700.70 (-2.01%)
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Bharti Airtel 689.75 (-1.79%)
Britannia Inds. 3681.90 (-0.43%)
Cipla 891.75 (-3.33%)
Coal India 166.55 (-4.06%)
Divis Lab. 5121.15 (-0.55%)
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Eicher Motors 2527.50 (-2.18%)
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HCL Technologies 1152.00 (-2.14%)
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M & M 883.85 (-0.33%)
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NTPC 137.35 (-2.80%)
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Power Grid Corpn 185.90 (-2.29%)
Reliance Industr 2598.60 (-1.10%)
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Shree Cement 28193.05 (0.30%)
St Bk of India 501.35 (-3.43%)
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Tata Consumer 809.70 (-1.11%)
Tata Motors 481.05 (-3.38%)
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TCS 3421.65 (-1.95%)
Tech Mahindra 1533.30 (-2.20%)
Titan Company 2375.15 (-3.45%)
UltraTech Cem. 7446.65 (1.26%)
UPL 729.90 (-1.56%)
Wipro 656.90 (-2.12%)

Gold Price Today: 22-Carat and 24-Carat Gold Rate

Gold Price Today: 22-Carat and 24-Carat Gold Rate
by 5paisa Research Team 28/10/2021

Gold has been a valuable asset class from times immemorial. In India, gold has been one of the most preferred asset classes, with Indian households owning more than $1.30 trillion just in the form of domestic gold.

Types of Gold – Classified by Purity

One of the most popular classifications of gold is based on carats. Incidentally, carat measures the purity of gold and higher the carat value, higher is the purity of gold. Broadly, gold has 5 popular classifications based on purity, which is captured as under.
 

Particulars

24-Carat

22-Carat

18-Carat

14-Carat

10-Carat

Gold Purity

99.95%

91.67%

75.00%

58.33%

41.67%


Higher the purity, more malleable and softer will be the gold. Hence 24-carat gold is rarely used for jewellery as daily wear and tear will make it lose shape. The most popular for gold jewellery is 22-carat gold which has 91.67% purity. However, even 22-carat gold cannot hold diamonds and studded gems. Hence for jewellery with studded stones or diamonds, normally lower purity gold of 18-carat or 14-carat is used. Lower carat gold consists of a mix of gold with silver, nickel and zinc.

 

Trends in gold prices and gold rates

The most popular gold rate today for trading and futures purposes is normally the 24-carat gold with higher purity. Hence, when we talk of gold price today in the case of financial markets it refers to 24-carat gold. Similarly, when we talk of gold rate today for gold jewellery, it refers to 22-carat gold, which is normally not traded in financial markets.
 

Gold Price Today Vs Gold Price Yesterday

Date

Gold Purity

Gold Price (1 gm)

Gold Purity

Gold Price (1 gm)

Oct-28-21

22-Carat Gold

₹ 4,712

24-Carat Gold

₹ 4,812

Oct-27-21

22-Carat Gold

₹ 4,713

24-Carat Gold

₹ 4,813

Change (Rs.)

22-Carat Gold

₹ -1.00

24-Carat Gold

₹ -1.00

Change (%)

22-Carat Gold

-0.02%

24-Carat Gold

-0.02%

 

In gold, the opening price becomes the benchmark price. The gold price today for 24-carat gold and the gold rate today for 22-carat gold are indicative rates that are not inclusive of GST, applicable tax collection at source, making charges and other levies.

 

10 Days Historical Gold Prices

To get a trend perspective of gold prices, let us look at the gold prices over the last one week and the daily trend of gold prices of 22-carat gold and 24-carat gold on a sequential basis.

Date Gold Price (22 Carat) Gold Price (24 Carat) Sequential Trend
28-Oct-21 Rs.4,712 per gram Rs.4,812 per gram Down
27-Oct-21 Rs.4,713 per gram Rs.4,813 per gram Down
26-Oct-21 Rs.4,727 per gram Rs.4,827 per gram Up
25-Oct-21 Rs.4,676 per gram Rs.4,776 per gram Up
24-Oct-21 Rs.4,646 per gram Rs.4,746 per gram Same
23-Oct-21 Rs.4,646 per gram Rs.4,746 per gram Same
22-Oct-21 Rs.4,646 per gram Rs.4,746 per gram Down
21-Oct-21 Rs.4,648 per gram Rs.4,748 per gram Down
20-Oct-21 Rs.4,649 per gram Rs.4,749 per gram Down
19-Oct-21 Rs.4,651 per gram Rs.4,751 per gram Down

 

Frequently asked questions (FAQ) on Gold Rates


1.  What factors affect the gold rate? 

A number of factor go into the pricing of gold Jewellery demand is one factor, but the most important factor is economic or geopolitical uncertainty. This leads to a spike in the price of gold as it is seen as a safe haven asset. Gold is inversely related to dollar and equities.

 

2.  Is gold rate today and silver rate the same?

Gold is more of a precious metal which is a safe haven asset class. Silver, is more of a commodity with extensive industrial application. However, an important factor in gold and silver pricing globally is the gold/silver ratio.

 

3.  What causes gold rate to drop?

Normally, gold rates fall when the dollar strengthens or when equities are robust. Similarly, when there is news of an increase in GDP, then gold prices drop. Gold prices can also drop if the ETF demand for gold goes down.

 

4.  Why does gold rate increase? 

The most common reason for an increase in gold rate is the rise in economic and geopolitical uncertainty. If you look at the past, gold rates have risen in times of the global financial crisis, during the COVID pandemic, during the Iran embargo etc.

 

5.  Which cities get affected by gold rate fluctuation? 

While gold is most actively traded in the Mumbai markets in terms of spot bullion and in terms of gold futures, the biggest demand for gold comes from Kerala state. This is the state that consumers maximum gold overall and obviously also on a per capita basis.

 

6.  Is it a good time to buy gold?

There is normally, not good time to buy gold. Investors must ideally look at gold allocation in the range of 10-15% of their overall asset allocation. This excludes your jewellery holdings. The holding can tweaked in the range based on gold prices.

 

7.  Is it good to invest in digital gold?

Digital gold is convenient in that it is held in electronic mode. Also, digital gold is backed by equivalent physical gold that is ring-fenced in a vault owned by a nodal government organization like MMTC. It is a new asset class, though brokers have been asked to desist from selling digital gold by SEBI.

 

8.  What is digital gold? 

Digital gold is held in electronic mode. Digital gold is backed by equivalent physical gold that is ring-fenced in a vault owned by a nodal government organization like MMTC. It is a new asset class and the big advantage is that you can buy and sell small fractions of gold.

 

9.  How does digital gold work?

Digital gold are electronic gold holdings created against physical gold. Such gold is certified by a globally reputed agency and backed by ring-fenced gold. Investors even fractional grams of gold and platforms like Paytm, Phone Pe and GPAY are popular platforms for digital gold.
 

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Samvat 2078: 7 Stocks to Buy This Diwali & Get 20-40% Returns

by 5paisa Research Team 28/10/2021

Samvat 2077 has given investors multiple reasons to cheer. Both the benchmark indices – Sensex and Nifty surged over 50% each, gazing beyond the transitory pain arising from the pandemic. Broader markets, however, outperformed the benchmark indices. Unlike previous rallies, retail investors too reveled in this party, as reflected by opening of record number of Demat Accounts. Market performance was driven by factors such as high liquidity, improving economic growth and enhanced profits of India Inc.

As we welcome Samvat 2078, near-term challenges such as surging prices of energy and commodities, higher valuations and possible unwinding of the accommodative monetary policy in both US and India await us. On the flip side, presence of long term catalysts such as continued improvement in the domestic economy and improving earnings growth of India Inc lend comfort. In this scenario, we bring you 7 stocks which could give stellar returns over the next one year.

 

In this scenario, we bring you 7 Diwali Stocks which could give stellar returns over the next one year.

Diwali Picks 2021 -

Stock

CMP (As on Oct 26)

Target Price

Upside (%)

Hindustan Unilever

₹ 2,436.15

₹ 2,950

21%

HDFC Life

₹ 690.15

₹ 980

42%

L&T (Larsen & Toubro)

₹ 1,794.45

₹ 2,192

22%

Tech Mahindra

 ₹ 1,562.90

₹ 1,900

22%

Inox Leisure

₹ 419.70

₹ 530

26%

Max Healthcare Institute

₹ 343.70

₹ 475

38%

Bata India

₹ 1,988.85

₹ 2,380

20%

 

Lets look at these stocks in detail –

1. Hindustan Unilever

CMP (October 26, 2021): Rs. 2,436.15

Target Price: Rs. 2,950

Upside: 21%

HUL needs no introduction. Every Indian uses several products from HUL’s stable ranging across the categories of home and personal care to foods and refreshments. The company is looking to optimize its portfolio and the value offered to customers, besides driving digitalization across its channels. While HUL has a strong reach in every nook and cranny of the country, it is now focusing on hyper-localization through its Win in Many India’s (WiMI) strategy. Focus on premiumization of its brands is likely to augur well for HUL, and resonate well with mid-premium to value consumers. Growing investments in Artifical Intelligence and Machine Learning capabilities will help HUL personalize customers’ experiences while driving cost optimization for distributors and other business partners.

 

2. HDFC Life

CMP (October 26, 2021): Rs. 690.15

Target Price: Rs. 980

Upside: 42%

HDFC Life Insurance Company, a joint venture between HDFC Ltd. and Standard Life Aberdeen, is a leading private life insurer in India. Growing distribution reach is a key internal growth driver for the company, with highly underpenetrated life insurance market being an external one. Post-acquisition of Exide Life, HDFC Life will become the second largest private life insurer with a market share of ~16.5% in total new business APE (Annualized Premium Equivalent). Improving product portfolio, customer-centricity, solid financial profile and growing protection business will drive the company’s future performance. Rising share of annuity and protection products, coupled with strong operating leverage should support consistent margin expansion for HDFC Life.

 

3. Larsen & Toubro

CMP (October 26, 2021): Rs. 1,794.45

Target Price: Rs. 2,192

Upside: 22%

Larsen & Toubro or L&T is a large Indian conglomerate present in several sectors including technology, engineering, construction, manufacturing and financial services. It is a proxy play on the Indian economy, given its vast presence in the infrastructure sector. Company has a robust order book and management is confident of strong order inflows in the foreseeable future. Water, Heavy Engineering, Power T&D and Transportation infra are likely to drive order inflows and market share gain for L&T, given the government’s continued emphasis on these segments. L&T’s ability to execute its order book efficiently, reduce working capital, drive cost optimization and leverage digital technologies make it stand out from its competitors. Robust prospects of its IT subsidiaries (L&T Infotech, L&T Technology Services and Mindtree) also augur well for the consolidated entity.

 

4. Tech Mahindra

CMP (October 26, 2021): Rs. 1,562.90

Target Price: Rs. 1,900

Upside: 22%

Part of the prestigious Mahindra Group, Tech Mahindra is one of India’s leading IT services company. After languishing its peers in terms of growth as well as profitability for quite some time, the company seems to have achieved high visibility and consistency on these fronts. Robust deal wins (especially in key verticals of telecom and enterprise), resilient margins and enhanced capital allocation are some of its key strengths. Management expects to clock in double digit growth in revenues during FY22 and maintain margins at ~15%. The stock, though, continues to trade at a sharp discount to peers (~30%) and can catch up significantly from here on.

 

5. Inox Leisure

CMP (October 26, 2021): Rs. 419.70

Target Price: Rs. 530

Upside: 26%

Inox Leisure is one of the largest multiplex chains in India and had 156 multiplexes and 658 screens in 70 cities, as of October 2021. The company is one of the worst hit from the pandemic as multiplexes remained closed for the longest time. Hence, it is one of the key beneficiaries from reopening of multiplexes across the country. Inox Leisure plans to take its total screen count to 692 by March 2022. As restrictions around vaccinations ease and good content releases across languages, occupancies and ticket prices can reach pre-pandemic levels. Company is also focusing on non-movie revenues (live sporting events, corporate events, games, etc.) to reduce seasonality of the business. Its strong position and net debt-free balance sheet are some of the other key positives.

 

6. Max Healthcare Institute

CMP (October 26, 2021): Rs. 343.70

Target Price: Rs. 475

Upside: 38%

Max Healthcare Institute (MHI) is the second largest listed healthcare provider in India and operates 17 healthcare facilities (total 3,400 beds). MHI enjoys dominant position in northern India. The company is also present in preventive & pre/post-hospitalization care at home and diagnostics services segments. Its focus on premium markets (Mumbai, Delhi NCR) augurs well for its Average Revenue Per Occupied Bed (ARPOB). MHI enjoys better ARPOB than peers owing to more number of operational beds. Its plans to add another 1,630 beds by FY28 lend high visibility to future growth. Company is also looking for strategic inorganic opportunities. Overall, it is well placed to capture emerging opportunities in the healthcare space.

 

7. Bata India

CMP (October 26, 2021): Rs. 1,988.85

Target Price: Rs. 2,380

Upside: 20%

Bata India is one of the oldest players in the Indian footwear market and offers products across all categories (men, women, kids) and price points (mass market to premium). The company’s nationwide footprint (over 1,500 stores) and strong brand recall are its key strengths. Additionally, it has scaled up focus on e-commerce which contributed 15% to FY21 revenues. Its omni-channel solutions provide superior experience to customers. Company’s strategic focus areas include change in product mix towards casual footwear, cost optimization, expanding reach through the asset-light franchisee model and enhancing potential of omni-channel. It is on the right path to improve growth as well as profitability in the future.

 

Before concluding, I leave you with a thought-provoking quote from none other than the ‘oracle of Omaha’- Warren Buffet: “The stock market is designed to transfer money from the active to the patient.” So, follow a disciplined, patient approach to investments.

Next Article

One97 Communication - PayTm IPO

One97 Communication - PayTm IPO
IPO
by 5paisa Research Team 28/10/2021

One 97 Communications (Paytm) has announced its IPO date just 4 days after the SEBI approved its draft red herring prospectus. At Rs.18,300 crore, the IPO will be 22% bigger than the largest IPO till date of Coal India, which raised Rs.15,000 crore in 2010. Here is what you must be aware of.
 

Here are 7 things you need to know about the One97 Communications (Paytm) IPO


1) The IPO will open for subscription on 08-November and close for subscription on 10-November. The price band for the IPO has been set in the range of Rs.2,080 to Rs.2,150 and each market lot will consist of 6 shares.

2) The basis of allotment of the IPO of One97 Communications (Paytm) IPO will be completed on 15-November while the refunds will be initiated on 16-November.

While the shares will be credited to the respective demat accounts on 17-November, the stock will get listed on the NSE and the BSE on 18-November.

3) Paytm has an enviable customer base of nearly 33 crore, or about one-fourth of the Indian population. It also has about 2.1 crore registered merchants on its platform and there are close to 11.5 crore transacting users on the Paytm platform.

Paytm actually pioneered digital money and m-commerce in India in a big way.

4) The original size of the Paytm IPO was Rs.16,600 crore. However, subsequently, the OFS was expanded to take the total issue size to 18,300 crore.

This will comprise of a fresh issue of Rs.8,300 crore and an offer for sale by existing shareholders of Rs.10,000 crore.

5) One97 Communications (Paytm) was originally looking at a higher valuation of $25-30 billion. However, after the first round of road shows, the expected valuation is closer to $20 billion.

As per a report prepared by Kantar Brandz, Paytm has a brand valuation of close to $6.3 billion.

6) Out of the Rs.8,300 crore that will be raised by way of fresh issue, it will invest close to Rs.4,300 crore in strengthening the Paytm ecosystem, customer expansion and deeper penetration into financial services via Paytm Money.

It will also allocate Rs.2,000 crore to inorganic expansion via the acquisition route.

7) Paytm is a loss making company and for FY21 it reported a net loss of Rs.1,701 crore which substantially narrowed from a loss of Rs.2,942 crore in FY20.

The sharp reduction in losses was due to much of its marketing, publicity and advertising expenses getting front-ended. Losses have narrowed by 60% in the last 2 fiscal years.

Paytm has a marquee list of seven merchant bankers while Link Intime will be the registrars to the issue.

Also Read:-

List of Upcoming IPOs in 2021

Next Article

SJS Enterprises Ltd IPO - 7 Things to Know

SJS Enterprises Ltd IPO - 7 Things to Know
IPO
by 5paisa Research Team 28/10/2021

The IPO of SJS Enterprises opens on 01-November in the midst of a busy season for the primary markets. SJS Enterprises Ltd is a leading player in the Indian decorative aesthetics industry and largely provides aesthetic solutions to the automotive and consumer durables segments. Here are some highlights about the SJS Enterprises Ltd IPO.
 

Here are list of 7 things you need to know about the SJS Enterprises IPO


1) The product profile of SJS Enterprises includes decals and body graphics, 2D and 3D appliques and dials, 3D lux badgers, overlays, domes, aluminium badges, chrome plated printing, painted injection moulded parts etc.

2) The SJS Enterprises IPO will open on 01-November and close for subscription on 03-November. The IPO price band has been fixed in the range of Rs.531 to Rs.542 with a minimum market lot of 27 shares.

3) The IPO is entirely an offer for sale where the early investors, including the promoters of SJS Enterprises will participate in the OFS.

There will be no fresh issue component in the IPO and the entire Rs.800 crore issue will be by way of an offer for sale only.

4) As a result of the offer for sale, the promoter stake will reduce in the company from 98.86% to 50.37%. The basis of allotment of the IPO of One97 Communications (Paytm) IPO will be completed on 10-November while the refunds will be initiated on 11-November.

While the shares will be credited to the respective demat accounts on 12-November, the stock will get listed on the NSE and the BSE on 15-November.

5) The company is an existing profit making and has been consistently profitable in all the three previous fiscal years. For FY21, SJS Enterprises reported net profits of Rs.47.77 crore on revenues of Rs.255.5 crore.

That translates into a healthy net profit margin of 18.7% for FY21. It has also reported profits in the Jun-21 quarter.

6) SJS has the advantages of strong technology in manufacturing  as well as solid links with the supply chain. Its strong relationships with the Tier-1 OEM companies is also an added advantage. 

7) The issue will be lead managed by IIFL Securities, Axis Capital and Edelweiss Financial Services. Link Intime has been appointed the registrars to the issue.
 

Also Read:-

List of Upcoming IPOs in 2021

Next Article

Sigachi Industries IPO - 7 Things to Know

Sigachi Industries IPO - 7 Things to Know
IPO
by 5paisa Research Team 28/10/2021

The Sigachi Industries IPO Ltd opens on 01-November in the midst of an extremely busy season for primary markets. Sigachi Industries Ltd is a key player in the manufacture of Microcrystalline Cellulose (MCC), which is a widely used excipient used in the finished dosages of formulations in the pharmaceutical industry. Here is a gist of the IPO.
 

Here are 7 things you need to know about the Sigachi Industries Ltd IPO


1) The product profile of Sigachi Industries Ltd includes MCC of various grades ranging from 15 microns to 250 microns. It currently manufactures 59 different grades of microns across its plants in Hyderabad and in Gujarat.

While one unit is located in Hyderabad, the other two are located in Jhagadia and Dahej in Gujarat.

2) The SJS Enterprises IPO will open on 01-November and close for subscription on 03-November 2021. The IPO price band has been fixed in the range of Rs.161 to Rs.163 with a minimum market lot of 90 shares.

3) The IPO is entirely a fresh issue and there is no OFS component in the IPO. The IPO of Sigachi Industries Ltd will entail the issue of 76.95 lakh shares and at the upper end of the price band of Rs.163, it works out to an issue size of Rs.125.43 crore.

4) The allotment for the IPO will be completed on 10-November while the refunds will be initiated on 11-November. While the shares will be credited to the respective demat accounts on 12-November, the stock will get listed on the NSE and the BSE on the 15th of November.

5) The company is an existing profit making and has been consistently profitable in all the three previous fiscal years. For FY21, Sigachi Industries Ltd reported net profits of Rs.30.26 crore on revenues of Rs.143.95 crore.

That translates into a healthy net profit margin of 21.16% for FY21. It has also reported profits of Rs.9 crore in Jun-21 quarter.

6) Sigachi Industries Ltd has the advantages of an entrenched position in the manufacture of MCC, a long standing market presence, long term and deep relationships with customers, and key strategic locations of its manufacturing plants in proximity to the major demand pockets. 

7) The funds raised by Sigachi Industries Ltd in the IPO would be largely utilized for expanding its footprint. For example, Rs.29 crore would be used to expand MCC capacity at Dahej plant while Rs.30 crore will be used to expand MCC capacity at Jhagadia unit.

Another Rs.33cr will be allocated to manufacture CCS at the proposed unit.

The MCC market is a huge market in India and globally and is likely to keep the demand for the products of Sigachi Industries Ltd ticking.

Also Read:-

List of Upcoming IPOs in 2021

Next Article

Nykaa IPO - Subscription Day 1

Nykaa IPO - Subscription Day 1
IPO
by 5paisa Research Team 28/10/2021

The Rs.5,352 crore IPO of FSN E-Commerce Ventures (Nykaa), consisting of a fresh issue of Rs.630 crore and an offer for sale or OFS of Rs.4,722 crore, was oversubscribed on Day-1 itself. As per the combined bid details put out by the BSE, FSN E-Commerce Ventures (Nykaa) IPO was subscribed 1.55X overall, with bulk of the demand coming from the retail segment followed by QIB segment. The issue closes on 01st November.

As of close of 28th October, out of the 264.85 lakh shares on offer in the IPO, FSN E-Commerce Ventures (Nykaa) saw bids for 409.73 lakh shares. This implies an overall subscription of 1.55X. The granular break-up of subscriptions were tilted in favour of retail investors but QIBs also participated on the first day of the IPO. QIB bids and NII bids typically come in only on the last day of the IPO.
 

FSN E-Commerce Ventures (Nykaa) IPO Subscription Day-1

 

Category

Subscription Status
Qualified Institutional (QIB) 1.39 Times
Non-Institutional (NII) 0.60 Times
Retail Individual 3.50 Times
Others 0.68 Times
Total 1.55  Times

 

QIB Portion

The QIB portion of the IPO was subscribed 1.39 times at the end of Day-1. On 27 October, FSN E-Commerce Ventures (Nykaa) did an anchor placement of 212.96 lakh shares at the upper end of the price band of Rs.1,125 to 174 anchor investors raising Rs.2,396 crore.

The list of QIB investors including a number of marquee names like Blackrock, Fidelity, Government of Singapore, ADIA, MAS, T Rowe Price, Aberdeen, Goldman Sachs, SBI MF, HDFC MF, ICICI Pru MF, Kotak MF, Tata MF; among others.

The QIB portion (net of anchor allocation as explained above) has a quota of 143.53 lakh shares of which it has got bids for 199.06 lakh shares, implying a subscription ratio of a healthy 1.39X for QIBs at the end of Day-1. QIB bids typically get bunched on the last day, but anchor response at 40 times does show good interest.

HNI / NII Portion

The HNI portion got subscribed 0.60X (getting applications for 42.65 lakh shares against the quota of 71.30 lakh shares). This is a fair response on Day-1 and this segment normally sees response on the last day. That is because, bulk of the funded applications and corporate applications, come in on the last day, so the actual picture should only get better. 

Retail Individuals

The retail portion was subscribed a robust 3.50X at the end of Day-1, showing strong retail appetite. However, it must be noted that retail allocation is just 10% in this IPO. For retail investors; out of the 47.53 lakh shares on offer, valid bids were received for 166.34 lakh shares, which included bids for 132.86 lakh shares at the cut-off price.

The IPO is priced in the band of (Rs.1,085-Rs1,125) and will close for subscription on 01st November 2021.

Also Read About -

Nykaa IPO - 7 Things to know before applying for IPO

Upcoming IPOs in 2021

Nykaa IPO - Information Note