Economy / IBTimes
It has come to the notice of SEBI that some digital/online platforms are offering investors to invest in 'Digital Gold/E-Gold Products'. Digital Gold is being marketed as an alternative for investment in physical gold, the market regulator said in a statement.
Collectively, FPIs infused over $1.66 billion into equities in October. The US and Germany were also strong buyers investing around $520 million each in equities and contributed approximately $765 million and $309 million, respectively, to debt instruments.
The inaugural Bengaluru Skill Summit 2025 concluded with over 6,500 footfalls, including international collaborations, 50+ exhibitors, and key ministerial sessions. With this success, Karnataka confirmed the summit's next edition for November 2026.
Manufacturing occupiers (excluding FMCG and FMCD) maintained their lead as the largest demand driver, contributing 44 per cent of total transactions in Q3 2025 and 45 per cent YTD. The sector clocked a 56 per cent YoY increase in volumes in the first nine months of 2025.
Day 2 of the Bengaluru Skill Summit 2025 featured the inauguration of a 50+ exhibitor Skill Expo, a ministerial panel on education-industry convergence, and cultural showcases celebrating Karnataka's rich legacy.
However, higher prices have led to lower demand of gold in 2025. In Q3 2025, consumer demand of gold declined by around 16 per cent year-on-year, driven by reduced jewellery demand, said the report by Dr. Soumya Kanti Ghosh, Group Chief Economic Advisor, SBI.
In India, gold prices also slipped on Tuesday, due to the firm dollar. On the Multi Commodity Exchange (MCX), December gold futures fell 0.43 per cent to Rs 1,20,886 per 10 grams, while silver December contracts dropped 0.41 per cent to Rs 1,47,154 per kilogram.
The summit was inaugurated by Karnataka Chief Minister Siddaramaiah, in the presence of Deputy Chief Minister D. K. Shivakumar, Dr. Sharanaprakash R. Patil, Minister for Skill Development, Entrepreneurship & Livelihood and Medical Education, and other senior dignitaries.
GST rates were reduced for around 375 items on September 22, the report said, adding that government tracking indicates that companies lowered prices by more than what was warranted by GST rate cuts for about half of the items monitored.
The October 2025 GST revenue collections reflect continued economic resilience, strong festive consumption, and effective compliance, government data showed, as the healthy rise in import-related GST indicates buoyant trade sentiments, while domestic collections show steady improvements.

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