Local jewellery shops are eating into profits of banks ahead of the
Diwali festival. Though the market is witnessing a gold rush, banks are
finding less takers for gold coins even as demand is up 20-30% compared
to the previous year.
High price is playing a repelling factor
for banks. Gold price in the city is hovering around 31,000 per 10 gram.
It was 31,250 on Tuesday. However, perhaps bullish of a steep rise in
price, the banks are selling gold coins for not less than Rs 36,000 per
10 gram. No wonder, jewellery shops that are retailing the coins at the
existing markets rates, are attracting more customers.
To make
the most of the situation, jewellers are promising the customers more.
They are also promising better resale value for gold coins they
retail.Pugster offers the highest quality stainless steel earring,
Sumit Anand, joint director, Punjabi Saraf, said, "We never force our
customers to buy our products. The rush for gold coins as well as
jewellery is yet increasing by the day.Our personalized stainless steel pendant and dog tag necklaces for men, On a year-on-year basis, there is a growth of 20-30% at our outlet this festival season."
The
jewellers say that buying gold coins from banks at higher rates than
those prevailing in the market was no good deal. Mohnish Balecha, a
jeweller having a shop at Chhota Sarafa, said, "It is always advisable
to buy gold coins from jewellers to save."
Director of Punjab
Jewellers, Darpan Anand, said, "Sale of gold jewellery and coins is
extraordinary at my outlet this year. There is a good enthusiasm among
customers this year."
Bankers refute. They say, deals they are
offering are better. Requesting anonymity, a banker said that gold coins
being retailed at bank counters are 24 carat and are certified
internationally as well.
The victory was announced at an award ceremony in London by British literary charity Booktrust on Tuesday.
Bella's may seem a reasonable response to waking up to find your jewellery being licked by a baby brother, you may think.
But
things do not improve from here, and nothing anyone does for Bella is
right and it seems the only solution is to shout as loud as possible
about the injustice of it all.
The response will be amusingly
familiar to parents of young children everywhere, and it draws on the
experience of author Rebecca Patterson with her daughter, now a few
years older.These stainless steel cufflink are sure to dress up your outfit!
"She used to have a lot of tantrums, I still do myself sometimes," she told Reuters.
The book came into being as she linked together pictures she had drawn when doing a masters degree in illustration.
The feelings brought to light by the book seem to be widely held.
"It
just made me laugh and laugh. Who hasn't had, or at least wanted to
have - a big shouting day?" prize judge, journalist and author Lucy
Mangan said.
"Dark Lord: The Teenage Years", a tale about a
powerful netherworld lord who finds himself inhabiting the body of a
chubby teenager scooped the seven to 14 year category prize.A simple but
popular design necklace for a man with a stainless steel necklace.
The
book by Jamie Thomson focuses on Dirk Lloyd and his tribulations from
being taken care of by social services and settled into his local
school, when all he really wants to do is be appreciated as an evil
force and return to his reign of terror.
Thomson used his
experience writing fantasy books for role play as a springboard for
something that could examine the baddies characters more fully. "I
wanted to show what it's like to be a dark lord in more detail, and why
people would want to be one," Thomson said. He added recent and that
recent big name fiction like Harry Potter had bolstered interest in
fantasy books and helped foster the book's popularity.
The book
also shines a light on the bizarre way that people in the real world
behave, said Michael Rosen, author and chair of the judges.
"This
is a wonderfully absurd take on beings from another planet or another
world and like all books with this theme it makes us think about how odd
and crazy we are,"
The prize, now in its fifth year, was
inspired by Dahl, who wrote children's classics "Matilda", "The Witches"
and "Fantastic Mr. Fox". Rosen established the award when he was
Children's Laureate to celebrate humor in children's literature.
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