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Why should you increase gold allocation in your portfolio this Diwali?

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Why should you increase gold allocation in your portfolio this Diwali?

Diwali is considered to be auspicious occasion for buying gold and irrespective of the price, gold is bought by Indians. Analysts believe the investment demand will continue to rise in 2021 taking in to consideration the unprecedented amount of liquidity flush by central banks across the globe. The surging covid infections also adds cherry on the cake for global investors to increase their allocations towards the yellow metal. “Although, the physical demand numbers released by the WGC does not represent a good story for India, It is advisable to increase gold allocation in your entire portfolio from 10% to 15 % taking in to consideration the uncertainty revolving around global economy,” says a report by Angel Broking.

As seen in the yearly price chart of MCX Gold, we noticed that prices have moved almost 30% up in year 2020. In year 2020 prices had made a high of 56,191 levels and low of 38,400 levels. The long term trend of Gold is positive. Prices have formed “Higher Top and Higher Bottom Formation” which is sign of bullish trend.

According to World Gold Council, India’s gold demand is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could further curtail retail purchases. “India’s gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade,” says Angel Broking.

What is the good level to buy gold?

Analysts at Angel Broking expect Gold prices to find support at 47,500 – 44,000 ($1800 – $1680) levels. “Resistance is now observed in the range of 55700 – 56500 ($2100) levels. Trading consistently above 56,500 levels would lead towards the strong resistance at 62,500 ($2300) levels, and then finally towards the major resistance at 67,000 ($2500) levels.” says the report.

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Lifestyle

10 best activities hacks for the better lifestyle for Business Managers.

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10 best activities hacks for the better lifestyle for Business Managers.

Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.

Mindfulness at Work lifestyle

Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.

Regular Exercise Breaks

Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.

Nutrition and Healthy Eating

Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.

Time Management Workshops

Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.

Skill Development Seminars

Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.

Flexible Work Arrangements

Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.

Social Engagement

Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.

Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.

Pursuing Hobbies and Interests

Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.

Encouraging Employee Wellness

Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.

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