The Reserve Bank of India has overhauled its gold metal loan framework to simplify lending norms for jewellers and strengthen regulatory oversight. The updated rules, effective April 1, aim to harmonise treatment for domestic and export segments while improving monitoring of gold-based credit.
SEBI stated that it has come to the regulator’s notice that certain online platforms are offering “Digital Gold” or “E-Gold” products to investors. The regulator clarified that these products do not fall under the securities market framework and therefore operate completely outside SEBI’s purview.
On the PhonePe platform, users can purchase 24K gold with 99.99% purity from trusted partners such as MMTC-PAMP, SafeGold, and Caratlane. These digital gold products are stored securely in insured vaults, ensuring full ownership and safety for investors.
MMTC: The scrip traded higher than the 5-day, 10-, 20-, 30-, 50-, 100-, 150-day and 200-day simple moving averages (SMAs). Its 14-day relative strength index (RSI) came at 77.65.
PSU stocks such as Chennai Petroleum Corporation Ltd (CPCL), Mangalore Refinery and Petrochemicals Ltd (MRPL), Cochin Shipyard Ltd, MMTC Ltd, ITI Ltd and Oil India Ltd have led the losers, falling 47-59 per cent.
Blinkit and BigBasket have rolled out a new service offering express delivery of gold and silver coins in just 10 minutes, catering to the festive demand of Dhanteras. This initiative allows customers to purchase high-quality coins from reputable brands with utmost convenience.
Through PhonePe, users can also consider investing in gold through a Systematic Investment Plan (SIP) for long-term financial planning. The purchased gold is stored securely in digital accounts and is backed by physical gold stored in safe vaults.
Mangalore Refinery And Petrochemicals Ltd, Gujarat Mineral Development Corporation Ltd, UCO Bank, Indian Overseas Bank, MMTC Ltd and KIOCL Ltd have also come out with their shareholding patterns.
The latest round of profit booking at Dalal Street has not only wiped out more than Rs 20 lakh crore from the investors' pockets, but also pushed 25 stocks of the BSE500 index into the bear grip in a month.
Out of 12 PSU lenders, half of them- UCO Bank, Indian Overseas Bank, IDBI Bank, Bank of Maharashtra, Punjab & Sind Bank and Central Bank of India- do not meet the minimum public shareholding norms of Sebi.
GTL Infra shares climbed 3.85 per cent to Rs 3.24 on NSE. The stock saw 64,82,94,159 shares worth Rs 290 crore changing hands. It was followed by Vodafone Idea, which saw 57,93,54,485 shares worth Rs 917 crore changing hands.





