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As the vibrant <keyword id="19896655" type="General" weightage="20" keywordseo="wedding-season" source="keywords">wedding season</keyword> kicks off in India soon, the <keyword id="19921618" type="General" weightage="20" keywordseo="Confederation-of-All-India-Traders" source="keywords" meta.keywordsubtype="org" meta.entityname="Confederation of All India Traders" meta.hostid="261" meta.entityid="Confederation of All India Traders">Confederation of All India Traders</keyword> (<keyword id="20143308" type="General" weightage="20" keywordseo="CAIT" source="keywords" meta.keywordsubtype="org" meta.entityname="CAIT" meta.hostid="261" meta.entityid="CAIT">CAIT</keyword>) has set an optimistic forecast, projecting a windfall for the nation’s economy. According to a recent CNBC report, CAIT predicts that this year, an estimated 48 lakh weddings are expected to take place in November and December, potentially generating a whopping ₹6 lakh crore in business. This surge reflects not just the volume of weddings but the wide-scale economic impact that accompanies such celebrations. Weddings in India are known for their grandeur, with celebrations often spanning several days and involving a number of services, from event planning and catering to jewellery purchases and attire. CAIT’s recent prediction, thus, underscores the vital role that the wedding season plays in the retail market. In this year’s cycle, the retail sector alone is poised to see a turnover of ₹5.9 lakh crore, highlighting the deep interconnectedness between cultural traditions and economic activity. In Delhi, which stands as one of the top locations for extravagant weddings, the expected impact is particularly significant. Approximately 4.5 lakh weddings are projected in the capital city, potentially contributing around ₹1.5 lakh crore to the local economy. This surge benefits a variety of sectors, including hospitality, fashion, gold and jewellery, and even technology, as digital services and e-invitations become more prevalent. The build-up to this wedding season has already shown signs of economic revival, particularly in sectors like gold and jewellery. Suvankar Sen, MD &amp; CEO of Senco Gold, noted a marked increase in wedding-related purchases during the recent Dhanteras festival. Speaking in an interview with CNBC TV-18, Sen highlighted that the August duty cut on gold played a significant role in spurring early buying behaviour. He pointed out that this policy move helped lower the cost of gold, enticing consumers to make significant purchases ahead of the peak wedding months. "We can see at least 40-50% of the consumers who are buying right now are related to weddings, and the 40-50% who are not related to weddings, are divided amongst consumers with a budget of ₹2-3 lakh buying some kind of jewellery as an annual buying during this auspicious time. Some consumers are buying working women's jewellery or lightweight for their daughters, something within ₹50,000 to ₹1 lakh kind of buying happening. ₹20,000-30,000 is a budget consumer at all levels, some kind of a pendant, ring or earring that everyone would like to buy during this auspicious time. So, this is how we are seeing the consumer," he added. This early momentum has translated into packed showrooms and increased consumer spending, signalling a robust start to wedding-related commerce. Retailers across India are now preparing for a flurry of activity, restocking inventory and expanding service offerings to meet the anticipated demand. From wedding attire and décor to luxury items like high-end electronics and custom-made invitations, the shopping lists are extensive, promising a lucrative time for businesses. While traditional sectors such as fashion, catering, and venue rentals will see a boom, new trends have also emerged, expanding the <keyword id="23787664" type="General" weightage="20" keywordseo="wedding-economy" source="keywords">wedding economy</keyword>. The demand for eco-friendly and sustainable wedding practices has grown, with couples seeking biodegradable décor and eco-conscious catering services.

Indian weddings expected to generate ₹6 lakh crore in two months, CAIT says

<ul class="summary-list"><li>With US indexes at all-time highs, investors shouldn't take it as a sign markets are peaking, UBS said.</li><li>The S&amp;P 500 has spent most of the past 60 years trading within 5% of its record highs.</li></ul>US stock indexes keep notching fresh records with few signs of a permanent stall out. For those worried that all-time highs signal an imminent peak, this is rarely the case, UBS wrote in a <a href="https://www.ubs.com/global/en/wealth-management/insights/insights-display-adp/global/en/wealth-management/insights/chief-investment-office/house-view/daily/2024/latest-13032024.html?caasID=CAAS-ActivityStream" target="_blank" rel="noopener">blog post</a> on Wednesday.For the past six decades, the <a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a> spent 60% of that time within 5% of a record high, and pullbacks have seldom occurred on a long-term horizon. "We continue to believe that investors should stay invested, and that a diversified, balanced portfolio remains the best way to preserve and grow wealth," UBS said.This time around, stocks are gaining on bets that the US economy could avoid a recession, as consumers continue to spend and the labor market shows little signs of a meaningful slowdown.This week, investors also shrugged off the latest inflation data, which slightly topped forecasts. However, it wasn't enough to shift interest rate outlooks, with traders still eyeing rate cuts to come this summer.What's more, UBS has previously noted that higher inflation is typically a <a href="https://markets.businessinsider.com/news/stocks/sp500-forecast-us-stock-market-outlook-inflation-impact-demand-economy-2024-2">positive for stock prices</a>, as demand-driven readings boost future returns.Estimate-beating earnings were only another prop for bullish investors following the fourth quarter, while the frenzy around artificial intelligence isn't dying down. Tech stocks have led the way, drawing comparisons to the <a href="https://www.businessinsider.com/ai-boom-nvidia-1995-moment-analyst-2024-2">1995 boom</a>, when the dawn of the internet spurred a major bull run. Since the start of this year, the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average have all hit a string of new records. In late February, UBS lifted its year-end target for the S&amp;P 500 to 5,400, marking the highest forecast on Wall Street.Bank of America has since followed with the <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-price-target-earnings-rally-correction-election-2024-3#:~:text=Advertisement-,Bank%20of%20America%20revised%20its%20S%26P%20500%20price%20target%20upward,13%25%20for%20the%20full%20year.">same outlook</a>. Behind them are Goldman Sachs, Morgan Stanley, and JPMorgan, with targets of 5,200, 4,500, and 4,200, respectively. While UBS doesn't think investors should shy away from US equities, the bank touted diversification to hedge risk. In its blog post, it suggested a focus on global exposure. Compared to a singly-country investment, a capitalization-weighted, 21-country portfolio can reduce risk by 40%. Otherwise, traders looking to diversify into fixed income can achieve enhanced returns from high-quality corporate bonds, as opposed to government debt.

Stocks at all-time highs are showing no signs of peaking, UBS says

I had never been to Inglewood, but it felt familiar. After watching the sun-drenched city, nestled on the southwestern side of Los Angeles, on five seasons of <a target="_blank" class="" href="https://www.businessinsider.com/insecure-finale-why-issa-and-lawrences-ending-was-realistic-2021-12">Issa Rae's award-winning series, "Insecure,"</a> I came to know a few landmarks around town.The show itself had created one in The Dunes, a two-story apartment complex where Rae's eponymous character, Issa Dee, navigated life and love. It's now the backdrop to countless photos on Instagram, the platform of choice for the show's target audience — millennials.I stepped out of my Uber Comfort in front of Hilltop Coffee and Kitchen, a Black-owned restaurant co-owned by Rae that was also featured in season four, episode two of<a target="_blank" class="" href="https://www.businessinsider.com/details-you-missed-insecure-series-finale-references-callbacks-2021-12"> "Insecure," a series documenting Dee's awkward experiences</a> as a twentysomething woman trying to find her footing. Inside, the smell of freshly brewed espresso-based drinks wafted in the air as I tried to decide what I'd eat for lunch. As I looked up at the menu, my eyes caught these words painted on the walls: "We're all in this together," a nod to the communal seating that ran down the length of the bar.Hilltop is just one of the many businesses that Rae has authentically branded in recent years. Rae said coffee shops are where she's most innovative.<div type="image" title="Still from &quot;Insecure&quot; of Thug Yoda and The Dunes" height="1597" width="2880" msid="113988994" hostid="261" sizebytes="185948"></div>"I'm a coffee shop girl," the LA native told Business Insider in September during <a target="_blank" class="" href="https://www.businessinsider.com/status-symbols-people-at-new-york-fashion-week-see-everywhere-2024-2">New York Fashion Week</a>. "I love to people-watch."The multihyphenate was promoting another business, her new collaboration with Cast Jewelry, when I sat down with her inside the swanky 11 Howard Hotel. We discussed why she's getting into fine jewelry on a picturesque rooftop terrace in SoHo — far away from where her career started on the left coast, in Los Angeles.Rae came of age online, YouTube specifically, during its gold rush era. Back around the 2010s, it seemed that anyone could turn on a camera and become a star. <a target="_blank" class="" href="https://www.businessinsider.com/justin-biebers-net-worth-and-how-he-makes-his-money-2018-9">Justin Bieber</a> did it. Chloe and Halle did it. Issa Rae did it.So we rooted for them in a way that "Star Search" could never enable that level of intimacy. We thought Rae was a friend in our group chats, and in some cases, she was. Before baby boomers took over Facebook, Rae friended many of us, appearing on our timelines as just one of our friends, populating her feed with her own life updates, just like the kid in science class we rarely spoke to IRL.<div type="image" title="Issa Rae looking toward the camera wearing a purple blazer" height="3750" width="2500" msid="113988997" hostid="261" sizebytes="576386"></div>"The Misadventures of Awkward Black Girl," her award-winning YouTube series launched in 2011, eventually led Rae to create and star in "Insecure," which followed four besties as they came of age in Los Angeles, and later a few roles in<a target="_blank" class="" href="https://www.businessinsider.com/spider-man-across-the-spider-verse-shameik-moore-issa-rae-interview-2023-6"> box office-busting films</a> such as "The Hate U Give," "American Fiction," and "Barbie."Despite staying busy onscreen, behind the camera, Rae seemed even busier. She partnered with Atlanta Records to launch a record label, Raedio, in 2019 and created a <a target="_blank" class="" href="https://www.businessinsider.com/issa-rae-launching-new-creator-marketing-company-ensemble-2024-5">production company, Hoorae</a>, two years later, eventually expanding it into an entertainment company. In 2021, Rae inked a $40 million deal with WarnerMedia, ensuring Hoorae's content found a home on any of its properties — from New Line to Max. Her investment in Hilltop, helping the company expand to an Inglewood location, was made alongside a few others, including the prosecco brand Viarae, a partnership with California-based E. &amp; J. Gallo Winery, and the hair care company Sienna Naturals, which she founded with her sister-in-law Hannah Diop.Rae tells BI that her foray into fine jewelry was, in part, due to her desire to embrace her femininity as she's a "very casual girly.""As my career started to evolve, jewelry was a symbol of showing up," she said."It became my armor in a way. I'm braving myself for the day," Rae continued. "Even though I don't feel luxurious, even though I don't feel like I'm worthy to show up here, what I'm wearing makes it seem like I am." Rae said <a target="_blank" class="" href="https://castjewelry.com/collections/braeve">the Braeve Collection, her collaboration with Cast</a>, a San Francisco-based jewelry company, had to be approachable for it to make sense. The 22-piece collection, ranging in price from $250 to $5,900, features a variety of geometric hoops, cuffs, rings, necklaces, and pendants in finishes ranging from sterling silver to 14K gold.The actor said she hoped the price range "was right in the middle for the girl who's just like, 'I deserve. I wanna treat myself. I'm ready to level up,' and that's — across the board — the girl I want to approach, the girl that I'm talking to in my work."For an entrepreneur with her hand in many pots, I wanted to understand the mindset that propels Rae in business — to what she credits her success, the red flags she looks out for in entrepreneurship, and how she can create so effectively. Here's what she said.<h2 id="eb154b90-d1e9-41ba-a912-9fc99fdf3cad">Rae credits this one skill to her success</h2>The 39-year-old writer said waking up at 4 a.m. is her cheat code. "I started by saying I'm gonna get up at 7 today; I'm going to get up at 6, and then it became 4 — and 4 has been a game changer, honestly. Nobody else is up," she continued. "So much of the pressure is I'm always behind, and it was the first time I felt like I'm not behind anymore, and I get my own self-care time in."Rae also noted that she didn't have any other time that was her own, "so now it's become the only part of my day that I could fully control."She uses it to work out, which she considers her own form of active meditation, in her garage gym. She then journals."I'm waking up for me and not for other people."<h2 id="483591e5-5422-48ca-ad70-ab6807366633">The actor says a creative's first hire should be a TV producer</h2>When you look at a successful actor, there are so many people standing behind, beside, and in front of them who make their achievements possible. Rae said when building her team, her first hire was her most essential."When I first met Deniese, that's all she wanted to do was produce. That changed the game for me because that's a person who's just interested in executing and making things happen, pulling the people together to make your ideas happen," she explained, referring to producer Deniese Davis. Davis produced Rae's hit shows, "Awkward Black Girl" and "Insecure." She's also the cofounder of the management company ColorCreative, which she created with Rae and producer Talitha Watkins in 2014 to support women and minority writers.<div type="image" title="Issa Rae wearing yellow while holding her hand up" height="3750" width="2500" msid="113989001" hostid="261" sizebytes="650090"></div>"I say, 'I wanna do this project, and she's like, 'Cool. This is how we make this happen' because I can't do it myself — the 'how' person, the 'these-are-the-steps' person. To someone else outside the entertainment industry, maybe that's a project manager."<h2 id="357b153d-96bd-4e91-a24f-e5ce9f357324">Rae's biggest red flag when it comes to participating in collaborations is based on honesty</h2>Even though Rae has signed onto many collaborations and partnerships, she's also learned when to say no."When they're just solely driven by money, and if I feel like I can't be fully honest in the criticism aspect, and they can't be honest with me, I'm like, 'Oh, this won't work,'" she detailed."I need to know you think my ideas suck, and I need to be able to tell you your ideas suck, and we need to be able to not feel a way about that to make it the best it can be," Rae explained."A red flag is just the sensitivity; you can always tell when people aren't being honest with you."<h2 id="1ad95735-010b-4225-b8d2-8c65b6d87a7b">The actor broke down her formula for peak creativity</h2>Having created so many shows that have gained cult-like audiences, from "Insecure" to "The Sweet Life," a reality show following Gen Z creatives in LA, to "Rap Sh!t," a series about two rappers trying to make it big in Miami, Rae seems to know what audiences want to see on the small screen.Although she's been pretty tight-lipped on the plot details, <a target="_blank" class="" href="https://time.com/collection/closers/6564918/issa-rae-hollywoods-unkept-promises">Time reports</a> Rae is now working on two new shows as part of her WarnerMedia partnership.She told Business Insider that to write and craft TV shows that speak authentically to her audiences, she has to leave the confines of her home for at least 72 hours."I can't fully dream in my home. I always have to leave, and sometimes I will…it really is just a logistical thing," she began. "I need three days in a row to be able to start to be creative. I've discovered that's my formula.""The first day will always be spent procrastinating or finding things wrong and reasons I can't start, and I need to allow for that day," Rae added. "The second day, I feel bad for the first day."She said she isn't concerned about her first two days because "in procrastination, you're still thinking; it's still in the back of your mind.""Ideas are still gestating, so by that second day, you're ready, and by the third day, it's like, 'This is all I have, so I have to get it down,'" she continued. "So, I recognize the perfect amount of time is three days, and by that third day, I'm off."

Issa Rae breaks down her success mindset and her formula for peak creativity 

As <keyword id="23288581" type="General" weightage="100" keywordseo="Dhanteras" source="keywords">Dhanteras</keyword> shopping kicks off, <keyword id="20402496" type="General" weightage="20" keywordseo="jewellery-sales" source="keywords">jewellery sales</keyword> have begun on a slower-than-anticipated note, likely due to both elevated <keyword id="19910265" type="General" weightage="20" keywordseo="gold-prices" source="keywords">gold prices</keyword> and weekday timing, which has kept morning footfalls modest, a PTI report says. Jewellers are hopeful for increased customer flow starting this afternoon, with peak shopping expected after 2 p.m. <keyword id="20036537" type="General" weightage="20" keywordseo="Saiyam-Mehra" source="keywords">Saiyam Mehra</keyword>, chairman of the <keyword id="21612311" type="General" weightage="20" keywordseo="All-India-Gem-and-Jewellery-Domestic-Council" source="keywords" meta.keywordsubtype="org" meta.entityname="All India Gem and Jewellery Domestic Council" meta.hostid="261" meta.entityid="All India Gem and Jewellery Domestic Council">All India Gem and Jewellery Domestic Council</keyword>, said that while high gold prices (around ₹81,100 per 10 grams) are expected to curb volume somewhat, they hope to match last year’s numbers in terms of value. Mehra anticipates sales volume may be similar to or slightly lower than last year’s 20 tonnes due to the sustained high prices. Being a weekday we are seeing few footfalls in the morning hours as people are going to attend office. However, we are expecting the rush from afternoon, that is 2-2.30 pm, till late evening," he told PTI. <keyword id="20398993" type="General" weightage="20" keywordseo="Saurabh-Gadgil" source="keywords">Saurabh Gadgil</keyword>, Chairman of PN Gadgil Jewellers, added that Dhanteras festivities extending into Wednesday offer a broader business window, with customer bookings showing promise despite possible dips in quantity sold. The extra shopping time could offset some of the price impact, particularly for buyers seeking smaller gold pieces or silver, which has remained steady at ₹99,500 per kg. Senco Gold and Diamonds MD Suvankar Sen noted positive weekend turnout, expecting the crowd to grow through the afternoon and into late evening. The industry anticipates late-night demand will hold strong, especially among buyers seeking traditional purchases on this auspicious day for jewellery investments. This extended buying period provides customers with more options, as jewellers focus on flexibility to accommodate high-value purchases amid record gold prices. (with PTI inputs)

Dhanteras 2024: Jewellers report slower than expected sales due to rising gold prices

Just as India gears up to celebrate Dhanteras tomorrow, in some good news for Indians, <keyword id="19910265" type="General" weightage="100" keywordseo="gold-prices" source="keywords">gold prices</keyword> today witnessed a dip of about Rs 10, with 24-carat gold currently valued at Rs 8,045.3/gram and 22-carat gold at Rs 7,376.3/gram. As per the <keyword id="23632186" type="General" weightage="20" keywordseo="All-India-Sarafa-Association" source="keywords" meta.keywordsubtype="org" meta.entityname="All India Sarafa Association" meta.hostid="261" meta.entityid="All India Sarafa Association">All India Sarafa Association</keyword>, gold prices fell by Rs 400 to Rs 81,100/10 grams in Delhi today. However, silver remained flat at Rs 99,500 per kg. Meanwhile, gold of 99.55 purity declined Rs 400 to Rs 80,700 per 10 grams on Monday. The value of gold as a symbol of wealth and prosperity in our culture is no secret, which is why Indians look forward to buying it on auspicious, festive occasions like Dhanteras. Moreover, with the wedding season setting in, the demand for gold is only set to increase in the months to come. At 24%, the yellow metal's annual return in 2024 has been nothing less than glittering. Compare this with the 14.88% returns gold delivered in 2023. The last time gold returns skyrocketed was at the peak of the pandemic, i.e., in 2019-2020, when gold's annual yields were at 24.45% and 28.24%, respectively. In 2024, gold's demand as a safe investment avenue has only skyrocketed. <keyword id="19955176" type="General" weightage="20" keywordseo="geopolitical-tensions" source="keywords">Geopolitical tensions</keyword> and inflationary pressures have pushed not just individual investors but even central banks to make a beeline for the yellow metal. During the second half of this year, India's RBI and Poland's National Bank were among the largest buyers of gold. Per a report by <keyword id="20046776" type="General" weightage="20" keywordseo="Religare-Broking" source="keywords" meta.keywordsubtype="org" meta.entityname="Religare Broking" meta.hostid="261" meta.entityid="Religare Broking">Religare Broking</keyword>, global official reserves of gold burgeoned by 290 metric tons during the first quarter of 2024. The momentum continued well into the second quarter as well, with global central bank gold purchases jumping by 6% to 183 tons during this period. "We continue to believe that gold has further upside potential wherein any dips could present buying opportunities. According to our recent quarterly report, a correction of 5-7% is plausible and could serve as an accumulation zone," note experts at Motilal Oswal Financial Services. <h2>Returns-wise, how has gold performed?</h2> Data from CapitalMind PMS suggests that between 2000 and 2024, gold has outperformed Nifty and silver in about 7 years. Nifty has been a clear winner overall, outpacing gold and silver in 12 out of 25 years in review. Silver only managed to inch past gold and Nifty in just 6 years. Per data, gold returns peaked at 29.9% in 2011, largely on the back of global financial uncertainty. Years where gold has delivered 20%+ returns <table style="border-width: initial; border-style: none; background-color: rgb(255, 255, 255); font-size: 16px; line-height: 1.6em; box-shadow: none; width: 468pt; font-family: Merriweather; table-layout: fixed; padding-bottom: 10px !important; background-image: inherit !important; background-position: inherit !important; background-size: inherit !important; background-repeat: inherit !important; background-attachment: inherit !important; background-origin: inherit !important; background-clip: inherit !important;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">Year </td><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">Gold Returns (in %) </td><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">Nifty Returns (in%) </td></tr><tr><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">2002 </td><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">24.1 </td><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">5.3 </td></tr><tr><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">2008 </td><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">24.5 </td><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">-51.3 </td></tr><tr><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">2009 </td><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">24.9 </td><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">77.5 </td></tr><tr><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">2010 </td><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">21.7 </td><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">19.2 </td></tr><tr><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">2011 </td><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">29.9 </td><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">-23.8 </td></tr><tr><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">2019 </td><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">22.9 </td><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">13.5 </td></tr><tr><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">2020 </td><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">27 </td><td style="border-width: 1pt; border-style: solid; border-color: rgb(0, 0, 0); padding: 5pt; font-size: 16px; vertical-align: top; overflow: hidden; overflow-wrap: break-word;">16.1 </td></tr></tbody><tbody></tbody><tbody></tbody></table>Source: CapitalMind PMS Not just in India, gold has delivered returns exceeding domestic equity markets in most emerging countries like Turkey and Argentina. Per the DSP Netra October report, over the last 26 years, equity markets in Turkey have delivered 21.2% returns, as opposed to gold, which has generated 29.3% returns during the same period. Similarly, in Argentina, equity markets have delivered 38.4% returns, while gold saw 44.3% returns in the same time frame. <h2>Stay put for Silver</h2> However, if experts at Motilal Oswal Financial Services are to be believed, the performance of silver could either match or outperform gold in the medium to long term, as <keyword id="20762025" type="General" weightage="20" keywordseo="silver-prices" source="keywords">silver prices</keyword> are expected to reach Rs 1,25,000 per kilogram on the Multi Commodity Exchange (MCX) and USD 40 per ounce on the COMEX within the next 12 to 15 months. In fact, even the YTD (yield to date) for silver is higher at 31.1% as compared to gold, which stands at 22.6%. However, do not go overboard with silver allocation in your portfolio.

Ahead of Dhanteras 2024, how has gold glittered so far this year?

<ul class="summary-list"><li>There are signs across AI models, chips, and new form factors that the market is getting frothy. </li><li>OpenAI will need to generate big returns to justify its record funding round. </li></ul>In years to come, Silicon Valley may view the events of the past few weeks as the moment the generative AI boom got too frothy. Investors spent the summer wondering if top AI stocks could continue to justify soaring valuations in the face of absent returns from their massive AI spending. Now, signs have emerged that they're not yet done with generative AI mania.As September rolled into October, some of the most significant investment areas in AI received fresh votes of confidence — be it in the chip space, the large language model arena, and devices. But there could be reason to feel cautious about the latest developments.<h2 id="8762485c-f284-4cce-bb0b-d0a9fc3e804e">The Nvidia rival with just one main customer</h2><div type="image" title="Andrew Feldman sits on a stage in casual clothes speaking and gesticulating wearing a head mic in front of a purple background that say &quot;Collision.&quot;" height="4067" width="6192" msid="113963114" hostid="261" sizebytes="1252132"></div>Cerebras, a chip startup, included an eyebrow-raising detail in its <a target="_blank" href="https://www.sec.gov/Archives/edgar/data/2021728/000162828024041596/cerebras-sx1.htm#i6a62fccbc8aa4fa39c22dbb7af1721b1_159">IPO prospectus</a>. But first, here's a quick primer on the Sunnyvale-based company. Founded in 2015, Cerebras aims to accelerate AI development by designing processors to train and deploy smarter LLMs. It believes these processors, among other offerings, can compete with the <a target="_blank" class="" href="https://www.businessinsider.com/nvidia-competition-sambanova-groq-cerebras-show-faster-inference-speed-2024-9">powerful chips sold by Nvidia.</a>That's no walk in the park. Nvidia has emerged as one of the biggest winners of the generative AI boom, having grown from a market capitalization of $364 billion at the start of 2023 to over $3 trillion.As things stand, however, Cerebras' plan to take it on involves generating the vast majority of its revenue from just one customer: Abu Dhabi-based AI firm G42.According to its IPO prospectus, Cerebras — backed by investment firms such as Altimeter, Benchmark, and Coatue — generated 83% of its $78.6 million revenue in 2023 and 87% of the $136.4 million revenue generated in the first half of 2024 from G42.Founded in 2018, G42 has emerged as one of the Middle East's biggest AI opportunities. Abu Dhabi's sovereign wealth fund, Mubadala, owns a stake, <a target="_blank" class="" href="https://www.businessinsider.com/satya-nadella-microsoft-ai-kingpin-g42-openai-china-2024-4">as do Microsoft and the private equity firm Silver Lake</a>. There appears to be reason to work with G42, then, but by Cerebras' admission, an "adverse" change in the relationship could harm the chip firm.While Cerebras has sought to strengthen its customer base — it reached an <a target="_blank" href="https://cerebras.ai/press-release/aramco-and-cerebras-sign-a-mou-to-accelerate-the-deployment-of-ai">agreement with oil giant Saudi Aramco</a> in September — its revenue concentration will weigh on investors as it aims to raise $1 billion in its public listing at a $7 billion to $8 billion valuation, <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-09-25/cerebras-systems-targets-raising-up-to-1-billion-in-ipo">per Bloomberg.</a><h2 id="8dead263-a80c-43a0-8d82-0b8327f3078f">OpenAI reaches dizzying new heights</h2><div type="image" title="OpenAI" height="4235" width="6352" msid="113963111" hostid="261" sizebytes="339146"></div>Warning signals emerged elsewhere as OpenAI shook up the market for LLMs on Wednesday by closing the most valuable funding round in Silicon Valley history.While the ChatGPT maker announced that it had raised $6.6 billion at a $157 billion valuation from a series of new and existing investors, it did so with a few notable asterisks.For one, <a target="_blank" href="https://www.ft.com/content/66e0653e-c446-47b2-8a7f-baa54ccbfb9a?accessToken=zwAAAZJOTf4Kkc9m4GU-xEZHstOKf7qlTMv7mg.MEUCIEJBi-VbRpNb9MIo2y24cDg8XwZ1lH2wIV_Kc-UGHtCBAiEA8JUYYonEqynzl_Wyz-3pPnT4q23D5MCTtg0M0CZ25ak&amp;segmentId=e95a9ae7-622c-6235-5f87-51e412b47e97&amp;shareType=enterprise&amp;shareId=b484077e-9f3e-4aef-a08b-93a56609306a">per the Financial Times</a>, OpenAI has asked its investors not to back its rivals, which include Anthropic, Elon Musk's xAI, and Safe Superintelligence (SSI), the startup founded in June by OpenAI's former chief scientist, Ilya Sutskever.While it has the right to do this, the ask is unusual in the world of startup investing, where venture capitalists often spread their bets. Gary Marcus, a professor who testified next to OpenAI's Sam Altman at a Congress hearing in 2023, described the move as OpenAI <a target="_blank" href="https://x.com/GaryMarcus/status/1841923594324246947">"running scared."</a> David Sacks, general partner at Craft Ventures, called the ask a "shady" one. "The mask is really coming off," <a target="_blank" href="https://x.com/DavidSacks/status/1841561582918332869">he wrote on X.</a>It is also worth taking a closer look at some of the investors in its latest round. As my colleague <a target="_blank" class="" href="https://www.businessinsider.com/openai-investors-softbank-ark-tiger-global-2024-10">Darius Rafieyan noted earlier this week</a>, some of the most "prolific bubble chasers" — investors with a track record of betting on companies close to their peak — now count themselves as OpenAI backers. Think SoftBank, the Japanese conglomerate that burned billions of dollars on WeWork, and Tiger Global, an investment fund that <a target="_blank" href="https://www.businessinsider.com/tiger-global-hedge-fund-cut-back-fundraising-2023-7">suffered brutal losses in recent years</a> after going on huge startup betting sprees.This has taken place against a backdrop of wider challenges. OpenAI no longer has a chief technology officer after Mira Murati quit the firm late last month, becoming the latest top-tier executive to depart.The company has also been battling to reverse its lossmaking operations. According to a September report from <a target="_blank" href="https://www.nytimes.com/2024/09/27/technology/openai-chatgpt-investors-funding.html">The New York Times</a>, OpenAI's monthly revenue grew to $300 million in August —but it has projected $5 billion in losses this year.<h2 id="56ba4bee-c3d5-4e63-9a9e-123f8061e53d">AI's new form factors get a Meta push</h2><div type="image" title="Mark Zuckerberg wearing Orion glasses" height="3189" width="4791" msid="113963106" hostid="261" sizebytes="566084"></div>The other notable sign of market frothiness came as Mark Zuckerberg unveiled a bold new wearable device for the AI era: <a target="_blank" class="" href="https://www.businessinsider.com/meta-orion-quest-vr-headset-wearable-mark-zuckerberg-analysts-explained-2024-9">Meta's Orion.</a>The augmented reality glasses, introduced at the company's Connect conference in late September, put AI front and center by embedding the technology in a way that "can sense and understand the world around you," <a target="_blank" class="" href="https://about.fb.com/news/2024/09/introducing-orion-our-first-true-augmented-reality-glasses/">according to Meta.</a>While they have impressed — Nvidia CEO Jensen Huang gave a glowing endorsement of the wearables in a promotional video, and <a target="_blank" href="https://www.businessinsider.com/mark-zuckerberg-impressed-wall-street-with-meta-connect-2024-9">Meta's stock responded positively after the event</a> — there are a few matters to consider beyond the hype for it.The first is cost. <a target="_blank" href="https://www.theverge.com/24253908/meta-orion-ar-glasses-demo-mark-zuckerberg-interview">According to The Verge's Alex Heath</a>, who spoke to Meta executives, the cost of building a single Orion unit at present is a steep $10,000.Even if that cost can be brought down — something Orion lead Rahul Prasad told The Verge would be a focus of the device's next development phase — Meta will need to contend with the fact that appetite for these wearables hasn't exactly impressed in the past.Meta rival Snapchat took a go at introducing glasses to the market in the mid-2010s but failed to make a splash after <a target="_blank" href="https://www.businessinsider.com/snap-is-doing-something-i-havent-seen-since-the-1970s-2016-9">incurring a $40 million loss on them</a>. It is taking another crack with AI-embedded eyewear, <a target="_blank" href="https://newsroom.snap.com/sps-2024-spectacles-snapos?lang=en-US">announcing a partnership last month with OpenAI</a> to embed its tech.Other form factors for AI that have emerged recently, such as the Humane AI pin that launched in April and the pocketable rabbit R1 introduced in January, have largely flopped, too.Where does this leave us? In short, a lossmaking startup must justify its $157 billion valuation. A chip firm worth up to $8 billion must persuade investors not to worry about its undiversified revenue streams. Meta will need to convince consumers to switch to another way of interacting with AI entirely. All of these things may come to pass. If so, this will be seen as a juncture where AI goes on to truly revolutionize the industries it touches — and repay the faith of investors. But if history is anything to go by, the high-stakes tech world is rarely plain sailing.

There are 3 signs that generative AI might be reaching peak market froth — and it's not just OpenAI

<ul class="summary-list"><li>Rob Arnott warns of a potential bear market in the next couple of years.</li><li>He said comparisons to the dot-com peak in 2000 are fair.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/where-to-invest-inflation-recession-stock-market-trades-rob-arnott-2024-5">Rob Arnott</a> says he's usually early when calling a bull market top. So when he says the current market environment reminds him a lot of the dot-com bubble peak, it doesn't mean he thinks a significant pullback is imminent.It does mean, however, that he sees a big decline somewhere not too far off."This looks and feels like the year 2000 to me," Arnott told Business Insider on November 11. "Are we likely to see a bear market in the next two years for large-cap growth? Yeah."Arnott's comments came as the S&amp;P 500 — a large-cap index dominated by mega-cap growth firms known as the Magnificent Seven — jumped 5% within a week following the election of Donald Trump, closing above 6,000 for the first time. The explosive move was the latest advance in a torrid 66% rally that's lasted more than two years.A robust economy and excitement about artificial intelligence and business-friendly policies from the future Trump administration have propelled the market to all-time highs. But Arnott believes AI optimism, which has driven the lion's share of the rally, is already fully priced in.Those high expectations are visible in the S&amp;P 500's Shiller cyclically adjusted price-to-earnings ratio, Arnott said, which sits at levels that rival the dot-com bubble peak. At 37 times earnings, just below the late-2021 peak of 38, before the market fell by 25%, and the 2000 peak of 43, right in front of a 50% loss.<div type="image" title="s&amp;p 500 cape ratio" height="943" width="1242" msid="115360049" hostid="261" sizebytes="38380"></div>The problem with high expectations is that the results eventually have to live up to them. But a couple of factors threaten the market's bullish narrative, he said.One is that companies like Nvidia will be able to keep their 90% market share as competition rises and the cost of chips eventually comes down."If you posed the question five years ago, the presumption would have been that Intel would be the dominant player," Arnott said. "Well, Intel is teetering perilously close to irrelevance, and Nvidia wasn't on anyone's radar screen five years ago. So disruptors get disrupted."There's also the possibility that the pace of AI adoption is slower than expected, Arnott said. He said internet use in 2005 wasn't all that different from its use in 2000, but that today, things have completely changed. A longer timeline may play out for AI as well, he said.Arnott joins a long list of strategists and money managers who have recently expressed lackluster outlooks about forward return prospects, given the state of stock valuations.Goldman Sachs' Chief US Equity Strategist <a target="_blank" class="" href="https://www.businessinsider.com/sp500-outlook-next-decade-forecast-david-kostin-goldman-stocks-strategist-2024-11">David Kostin</a> made waves in October when he said the S&amp;P 500 would deliver 3% annualized returns over the next 10 years. In an interview with Business Insider, he also made a similar point to Arnott in that the valuations of some of the market's most-loved names are much higher than the rest of the pack, similar to what happened during the dot-com bubble.<div type="image" title="Goldman Sachs chart showing 10 largest stocks trading at 31x P/E compared to 19x for the rest of the market." height="730" width="882" msid="115360050" hostid="261" sizebytes="38416"></div>Bank of America's Global Chief Equity Strategist Michael Hartnett said in a client note on Friday that US stocks have outperformed relative to equities in the rest of the world to the most extreme degree in at least 75 years. Relative performance levels have reached elevated levels in prior asset bubbles like the so-called Nifty Fifty and dot-com peaks.<div type="image" title="us stocks vs rest of the world" height="669" width="1154" msid="115360043" hostid="261" sizebytes="39832"></div>While Hartnett said it's difficult to call the top in investor sentiment, the strategist known for his short-winded writing simply said: "sell hubris, buy humiliation."Like both Arnott and Hartnett say, it's hard to call the top. As short-term interest rates fall and the market-friendly policies of the Trump administration on the way, the rally could continue for months or years.But history shows there will likely eventually be cheaper times to buy into the market, said David Einhorn, founder of hedge fund Greenlight Capital, at CNBC's Delivering Alpha conference on Wednesday."This is a really, really, really pricey environment, but it doesn't necessarily make me bearish. Asset prices can trade at the wrong price and they can trade at the wrong price for a long period of time," Einhorn said. "I just observe that it's a really expensive market that if you buy and hold for a very long period of time, I doubt that this is a great — you'll look back and say this was a great entry point of all of the entry points that you could have."The way Arnott sees things, that better entry point could come in the next couple of years.

'This looks and feels like the year 2000 to me': Investing legend Rob Arnott says the stock market's record rally reminds him of the dot-com bubble peak

<ul><li><keyword id="46002" type="General" weightage="20" keywordseo="gold-prices" source="Orion">Gold prices</keyword> hit a fresh all-time high in the last two trading sessions.</li><li><keyword id="85550" type="General" weightage="20" keywordseo="silver-prices" source="Orion">Silver prices</keyword> also zoomed Rs 1,000 to hit record Rs 81,700 per kg.</li><li>In the international markets, spot gold at COMEX was trading at USD 2,297 per ounce.</li></ul>New Delhi, Gold prices surged by Rs 850 to reach a new peak of Rs 70,050 per 10 grams on Thursday on strong global cues, according to HDFC Securities. This is the second straight session that precious metal prices have hit all-time high levels. In the previous trade, the precious metal had settled at Rs 69,200 per 10 grams. Silver prices also zoomed Rs 1,000 to hit record Rs 81,700 per kg. In the previous session, it had finished at Rs 80,700 per kg. "Spot gold prices (24 carats) in the Delhi markets are trading at Rs 70,050 per 10 grams, up by Rs 850, amid a bullish trend in the overseas markets," Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said. In the international markets, spot gold at COMEX was trading at USD 2,297 per ounce, up by USD 22 from the previous close. Gold touched yet another record after Federal Reserve Chair Jerome Powell confirmed that an interest rate cut would likely be appropriate "at some point this year". Traders focus on rate cuts rather than the timing of the first rate cut, Gandhi said. Silver was also trading higher at USD 27.05 per ounce. It had closed at USD 26.25 per ounce in the previous session. "Gold continues to hover around its all-time high levels on the back of weakness in the dollar amid uncertainty over US interest rate cuts, while increased safe-haven demand also aided prices. "Additionally, silver prices too marked an all-time high on the domestic front, amidst a sharp rally in industrial metals," Navneet Damani, Senior VP of Commodity Research at Motilal Oswal Financial Services, said. Persistent geopolitical tensions in the Middle East and between Russia and Ukraine, coupled with a devastating earthquake in Taiwan, spurred safe haven plays into bullion and other precious metals, Damani added. According to Praveen Singh - Associate VP, Fundamental Currencies and Commodities at Sharekhan by BNP Paribas, "Major US economic data, including weekly jobless claims to be released on Thursday, will provide more insights on the US Federal Reserve's monetary policy outlook". Investors will also look forward to services and composite PMIs out of the UK and the Eurozone, Singh added.

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