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Business

Retail investors can play on as AMCs cap gold bets

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Retail investors can play on as AMCs cap gold bets
Wealth managers believe retail investors in gold mutual fund schemes will not be affected, after three large asset management companies announced restrictions on purchase of large quantities of gold by investors.

Three AMCs namely HDFC MF, ICICI Prudential MF and Nippon Life India AMC have announced temporary restrictions on their gold schemes. All three AMCs announced subscription transactions of large investors who directly transact with them and invest a minimum of 25 crore will not be accepted. In addition, in the case of both HDFC Gold ETF FoF and Nippon India Gold Savings Fund, lump sum purchases will be restricted to a limit of 10 lakh per month. Also for Nippon India Gold Savings Fund, SIPs or STPs will continue with a limit of 50,000 per investor per day.

“Restrictions will apply only to large investors, while AMCs will continue to create units for market makers, without any restrictions,” said a ETF head at a domestic fund house. As units are created, there will be enough liquidity available to investors who can buy and sell these units at prevailing market prices.

Wealth managers believe the current move by fund houses is in line with the prime minister’s message to reduce overall imports.

“This is an attempt to slow down purchase of gold and reduce pressure in imports, after the strong inflows into the yellow metal over the last one year,” says Saket Kumar, Co-Founder, ETF Junction.

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Gold has been one of the best performing assets in recent times, and saw a sharp run up returning 56.08% in the last one year, while over a three year period it returned an annualized 35.89%. However over the last three months it lost 3.59%.
“With prices stabilizing over the last three months, there is no longer a frenzy to buy gold. Most investors now allocate 5-10% to the yellow metal in line with their asset allocation largely through SIPs,” says Nikhil Gupta, Founder, Sage Capital.Gold ETFs saw net sales of 71,914 crore in the last 12 months and mutual funds now managed gold assets worth 1.78 lakh crore as of April 30, 2026, a rise of 290% in the last 1 year.

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Offtake, supply deals for Mineral Resources-backed iron pellet plant

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Offtake, supply deals for Mineral Resources-backed iron pellet plant

A British company which wants to build an iron ore processor in Europe has struck preliminary deals to supply enough material to fill its capacity more than four times over.

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India Inc hikes prices, shrinks packs as Iran war squeezes margins

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India Inc hikes prices, shrinks packs as Iran war squeezes margins


India Inc hikes prices, shrinks packs as Iran war squeezes margins

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China’s global e-commerce push stalls as Iran war lifts costs, dampens demand

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China’s global e-commerce push stalls as Iran war lifts costs, dampens demand


China’s global e-commerce push stalls as Iran war lifts costs, dampens demand

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Judge calls wharfie time in Steve Wyatt's battle with MinRes over haulage tech

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Judge calls wharfie time in Steve Wyatt's battle with MinRes over haulage tech

A WA Supreme Court judge has warned that Steve Wyatt’s showdown with Mineral Resources could be delayed until 2028 after the estranged co-founder again changed his lawyers.

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China’s Moonshot AI seeks $30 billion valuation in new funding round- Bloomberg

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China’s Moonshot AI seeks $30 billion valuation in new funding round- Bloomberg

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Ipsos quick count shows statistical tie in Peru’s presidential race

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Ipsos quick count shows statistical tie in Peru’s presidential race


Ipsos quick count shows statistical tie in Peru’s presidential race

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Western Australians recognised in King’s Birthday honours

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Western Australians recognised in King's Birthday honours

Ninety-five Western Australians have been honoured for their services and commitment within the 2026 King’s Birthday Honours list.

Nationally, 948 people were acknowledged, with federal governor general Sam Mostyn highlighting the significance of their achievements.

“Our honours system recognises outstanding people who contribute so much to Australia,” she said.

“In our communities, in workplaces and across the country, recipients have made an exceptional contribution to Australia.

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“Just like those honoured across the past 50 years, their service and achievement in the community and public service, industry and academia, science, the arts and sport help shape our nation.

“The work of our award recipients, and the contributions of the thousands of Australians who have been nominated and recognised throughout the history of our honours system, is something we can take great pride in celebrating.” 

Officer of the Order of Australia

Former state treasurer turned businessman Ben Wyatt was one of four acknowledged in this category.

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Mr Wyatt, who was in politics between 2006 and 2021, held a series of ministerial positions.

Post-politics, Mr Wyatt holds a series of board roles – including as chair of Crown Perth, along with Woodside Energy, Rio Tinto and the West Coast Eagles. 

A passionate advocate for Indigenous issues and culture, Mr Wyatt recently attended the Kimberley Economic Forum, where he said there was scope for native title bodies to fast-track project approvals if council-based decision making protocols were allocated to them instead. 

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Other recipients were professors David Blair, Timothy Davis and William Morgan. 

Member of the Order of Australia

Recently appointed Western Australian Local Government Association president – and the City of Stirling’s longest serving mayor – Mark Irwin received a gong for services to the local government, community and surf life saving. 

Mr Irwin began as a councillor in 2015 and has served as mayor since 2017.

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WALGA chief executive Nick Sloan said Mr Irwin’s input made a difference to the overall local government landscape.

“Through his extensive public service over more than a decade at the City of Stirling and his current role as WALGA president, Mark Irwin strongly represents the association’s 139 member local government’s and empowers them to deliver better outcomes for their communities.”

A handful of ex state Labor ministers were acknowledged for their services to politics – including David Templeman, Bob Kucera and Mick Murray.

Former Nationals leader and pioneer behind “Royalties for Regions”, Brendon Grylls, was also honoured. 

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Recently appointed WA Cricket Foundation chair Tim Ungar was highlighted for his commitment to philanthropy and creative arts, as was Bradley Woods (AHA president) for his efforts in the hospitality space. 

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Tourism Dips but Exports Rise Amid Conflict

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Tourism Dips but Exports Rise Amid Conflict



Thailand Economy April Update: Tourism Dips but Exports Rise Amid Conflict































https://www.bot.or.th/en/news-and-media/news/news-20260529.html

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Tumbling tech darlings slam brakes on AI rally

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Tumbling tech darlings slam brakes on AI rally


Tumbling tech darlings slam brakes on AI rally

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The Jobs Report Hit Solar and AI Stocks. Here’s Who Can Handle Higher Interest Rates.

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The Jobs Report Hit Solar and AI Stocks. Here’s Who Can Handle Higher Interest Rates.

The Jobs Report Hit Solar and AI Stocks. Here’s Who Can Handle Higher Interest Rates.

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