HIKE IN GOLD RATE

. MUMBAI (Reuters) - India gold futures eased on Wednesday after hitting a record high late on Tuesday, as a stronger rupee made dollar-denominated gold cheaper in local currency but demand was sluggish despite big festivals this week.
Gold futures on the Multi Commodity Exchange of India Ltd (MCX), opened down 0.2 percent at 16,010 rupees ($347) per 10 grams around 0430 GMT.
On Tuesday, the contract had closed up 0.7 percent at 16,036 rupees after scaling a record 16,048 rupees during late trade. The previous all-time high was 16,040 rupees on Feb. 20.
Traders said the high prices dented demand just as India celebrates the Dhanteras festival on Thursday, which is the single biggest day for gold purchases in the tradition-bound country.
"People are not buying," said a dealer in a large bank in Mumbai.
The high price will also curb buying for the Diwali festival on Saturday when Hindus worship the goddess of wealth Lakshmi, offering her newly purchased gold items.
India is the world's biggest market for gold, but demand has remained down through most of the year as prices struck record highs and an economic slowdown dampened sentiment.
Gold imports during January to September fell 59 percent to around 130 tonnes from 315 tonnes in the same period last year, data from the Bombay Bullion Association showed.
($1=46.2 rupees)
(Reporting by Ruchira Singh)
(For more news on Reuters Money visit http://www.reutersmoney.in)

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There are new ways to earn in India. The most followed way is ....

FREE TIPS FOR FIXED DEPOSIT

A fixed deposit (FD) probably ranks as the most conventional investment avenue for domestic investors. More importantly, given its offering, it makes an apt choice for risk-averse investors. In this article, we present 5 things investors must look at in an FD.

1. Credit profile
The FD's credit profile is an indicator of the degree of risk associated with it in terms of timely repayment of the principal and interest payment. For example, an 'AAA/FAAA' rating is indicative of the highest level of safety. Typically, an FD with a higher rating would offer lower returns vis-a-vis an FD with a lower rating. The additional return in a lower rated FD is in effect a compensation for the higher risk borne. Investors would do well to decide on the quantum of risk they are willing to bear and then select an FD.

2. Rate of return
Rate of return or interest rate indicates the return that the FD investor will clock. At any point in time, it is not uncommon to find various entities like banks, small savings schemes and corporates offering differential returns on similar rated FDs. Investors on their part would do well to scout various options and select the FD that offers them the best return at a rating that suits them.

3. Interest payout options
Investors can generally choose between various interest payout options like monthly, quarterly, annually or on maturity. Ideally, the investor's need for liquidity should be used to determine which interest payout option is chosen. Selecting the interest payout 'on maturity' option can help investors benefit from the compounding effect and clock a higher return.

4. Tenure
The FD's tenure is the period over which the investor stays invested. By and large, a longer tenure translates into a higher rate of return. Investors must match their investment tenure with their needs/objectives. For example, if the investor has an expense to meet 3 years hence, he can invest an appropriate amount in a 3-Yr FD to ensure that the maturity proceeds match his future obligation. On the same lines, if there is a 5-Yr investment tenure, then investments can be considered in tax-saving FDs; this will help the investor simultaneously benefit from tax sops under Section 80C.

5. Premature withdrawal
An often-ignored aspect of FD investing is the premature withdrawal clause. Investors opting for a premature withdrawal can be penalised by either being given a lower rate of return or zero interest depending on the terms and conditions of the FD. Investors would do well to acquaint themselves with the implications of a premature withdrawal before making an investment.

MUTUAL FUND INVESTMENTS

Today march 31 2008 the SENSEX fall down about 777 points and NSE fall down about 270 points.
Life insurance corporation had withdraw its MARKET PLUS - a ULIP policy which had a very good performance in the past two years create a huge proposals in this ending day. And there is an expectation of pushing HEALTH PLUS policy which covers health and sametime the ulip policy.
The another important thing is that the unfavourable situation in our indian market forced some changes in investing the mutual fund investments.

INVESTMENT IN PROPERTY IN HOTTEST PLACE I

Traditionally, the metropolitan towns of New Delhi, Mumbai (formerly Bombay), Chennai (formerly Madras), and Kolkata (formerly Calcutta) have been the hotspots of investment in the country. This was understandable since the country had not seen such rip-roaring success in the real estate sector prior to this time. Moreover, domestic and foreign investors were comfortable with the idea of investing in the cities with maximum connectivity within the country with well-established air, rail and road networks in and around these four metropolitan areas.
However, things have changed dramatically, with real estate investment bursting like never before in Tier II and Tier III cities. No doubt, the reason for this surge has been the overwhelming success of Indians in the service sectors, like IT and retail.
North India boasts of Chandigarh and its peripheral towns of Panchkula, Mohali, Dera Bassi, Zirakpur, and Baddi as the hottest and costliest real estate destinations in the country. Most of the luxurious flats are in the range of Rupees 1Billion-2Billion! Land for development is available only in the peripheral areas and that too at surging prices. The northern part of the country also has the National Capital Region (NCR) covering the capital New Delhi, Faridabad, Gurgaon, and Noida as major hotspots for residential, commercial, and industrial ventures.
Western India has its own success story with states of Gujarat and Maharashtra witnessing development at the rate of zeros. The cities of Mumbai, Pune, Nagpur, Ahmedabad, Surat, and Vadodara are being developed as role model cities for the entire country. These cities are historic in every sense of the term, yet the authorities are bent upon creating a marvelous blend of traditionalism and modernity where the development is equally relished along with historical charm.
If you are looking for a holiday home then property in Goa and Kerala are the best destinations. Of course, the price will be a little on the higher side, but these southern Indian states have been traditionally the hub of tourism in the country. If you are planning to invest in the Indian Silicon Valley, i.e., Bangalooru (formerly Bangalore), think again! The real estate market is out of bounds for the average investor. Only high-end investors can even think about having a property in this ultra-glam Indian city. Chennai is another option you can explore for residential and industrial property investment.
Eastern India is still learning the ropes as far as development is concerned. Barring Kolkata, most of this Indian region has largely remained bereft of too much development. However, with industrial majors, like Posco setting up their steel plant at Bhubaneswar, things are looking up in the poor state of Orissa. If you are looking to reap long-term real estate rewards, then East India is definitely a good investment opportunity.

TAKE DIVERSION IN FINANCE MARKET

Still now, the market can't be steady. So, take diversion in investing mode and turn your investment to the NFO's because, nobody wants their money to keep mom but wants to increase atleast a little bit daily. In the same time you can safeguard your money from loosing in the SHARE MARKET which dances for the international market's music. It is all interlinked with one another. If THE INTERNATIONAL MARKET performed good then our SENSEX and NIFTY will shows the green indices in which we all are happy. keep watching WWW.MONEYMADURAI.BLOGSPOT.COM which will give more and more information and tips for earning not only in SHARE MARKET but investing in REAL ESTATE and BUSSINESS.