Gold price tops Rs 27,000-level, surges Rs 400 to hit 1-month high
Continuing its rising streak for the third straight day, gold on Friday reclaimed Rs 27,000-mark by zooming Rs 400 to hit 1-month high of Rs 27,250 per 10 grams at the bullion market, tracking a firming trend overseas amid pick-up in jewellers' buying to meet rising wedding demand.
Sep 25, 2015, 15:38 PM IST
Gold imports cross 120 tonnes in Aug, highest so far in FY16
Gold imports stood at 89 tonnes in July 2015. In August last year, the figure was 50 tonnes.
Sep 13, 2015, 12:55 PM IST
Spooked investors seek other havens over gold, for now
As a broad rule, bullion tends to benefit from stock market weakness as an alternative asset, but previous equity crashes show the initial price response can be to fall.
Aug 25, 2015, 23:39 PM IST
Gold stands tall at seven-week high on China fears amid equities rout
Gold rose to as much as $1,168.40 on Friday, its highest since July 7. It gained more than 4 percent last week, the most since mid-January.
Aug 24, 2015, 08:13 AM IST
Gold imports jump 62.2% to $2.96 billion in July
After declining in June, Gold imports jumped 62.2 percent to USD 2.96 billion last month, a development which will have adverse bearing on India's current account deficit (CAD).
Aug 14, 2015, 20:34 PM IST
Even hallmarked gold jewellery varies in purity
The improvements to the hallmarking system in India are not only essential to a successful gold monetisation scheme but also help to boost the country's gold jewellery exports from the existing $8 billion to $40 billion in the next five years, it said.
Jul 31, 2015, 15:08 PM IST
Gold jewellery export may rise to $40 billion if quality improved
Gold jewellery exports could jump five-fold to USD 40 billion in the next five years if quality standards are improved, the World Gold Council said Thursday.
Jul 30, 2015, 20:33 PM IST
Gold tumbles Rs 190, hurt by low demand from jewellers
Silver followed suit and declined by Rs 150 to Rs 34,050 per kg on reduced offtake by industrial units and coin makers.
Jul 28, 2015, 15:27 PM IST
Gold, silver extend gains on global cues, jewellers buying
Silver followed suit and advanced by Rs 150 to Rs 34,200 per kg on increased offtake by industrial units and coin makers.
Jul 27, 2015, 15:19 PM IST
Gold, silver extend gains on global cues, jewellers buying
Silver followed suit and advanced by Rs 150 to Rs 34,200 per kg on increased offtake by industrial units and coin makers.
Jul 27, 2015, 15:19 PM IST
Gold holds above 5-1/2-year low, but more weakness seen
Spot gold was flat at $1,097.96 an ounce by 0229 GMT after falling for a fifth straight week last week, the longest run since late 2012.
Jul 27, 2015, 09:04 AM IST
Gold likely to fall to Rs 23,000-level within a month: Experts
The gold MCX on Saturday was at Rs 24,752 per 10 grams and USD 1,097.50 in international market.
Jul 26, 2015, 14:27 PM IST
Cabinet to take up Gold Monetisation Scheme in few weeks
The scheme proposes to offer tax-free interest to individual on depositing the yellow metal with banks.
Jul 22, 2015, 15:22 PM IST
Gold slides to 2-year low of Rs 25,700 on weak global cues
Silver also fell further by Rs 150 to Rs 34,200 per kg on lack of buying support from industrial users and coin makers.
Jul 20, 2015, 16:05 PM IST
Govt weighs sovereign gold bonds to keep tabs on imports
The government is planning to issue sovereign gold bonds linked to the price of the yellow metal, a proposal aimed at reducing demand for gold and control trade deficit.
Jun 19, 2015, 11:11 AM IST
India proposes gold-linked bonds to lower bullion imports
The country consumes nearly 1,000 tonnes of gold every year, most of it imported, and gold is the second-biggest expense on the import bill after oil.
Jun 19, 2015, 09:32 AM IST
Fall-off in Indian weddings bodes ill for jewellers, gold
Kerala uses up to 400 grams of gold per wedding, or 80 tonnes each year - which is about 10 percent of the country`s total consumption in 2014.
May 24, 2015, 08:33 AM IST
Now, get tax-free interest on gold deposits
The draft gold monetisation scheme also provides for incentives to the banks, while individuals and institutions can deposit as low as 30 gms of gold, while the interest earned on it would be exempt from income tax as well as capital gains tax.
May 20, 2015, 14:32 PM IST
Akshaya Tritiya: People rush to buy gold; jewellery sales up 10-20%
The craze for gold was on full display Tuesday, especially in the South, on Akshaya Tritiya, as people rushed to buy the metal, pushing jewellery sales up by 10-20 percent although prices fell across major cities, except Chennai.
Apr 22, 2015, 09:17 AM IST
Akshaya Tritiya: Jewellery sales up 10-20% as gold price dips
The craze for gold was on full display Tuesday, especially in the South, on Akshaya Tritiya, as people rushed to buy the metal, pushing jewellery sales up by 10-20 percent although prices fell across major cities, except Chennai.
Apr 21, 2015, 23:40 PM IST
