Government cuts import tariff on gold and silver
NEW DELHI: The government has slashed import tariff value on gold to $375 per 10 grams and silver to $512 per kg following weak global price trends. During the first fortnight of the month, the tariff value on imported gold was fixed at $393 per 10 grams and on silver at $549 per kg. The import... read more »
Gold falls Rs 195 per 10 gram; silver down Rs200 per kg Read more at: htt...
New Delhi: Taking weak cues from overseas markets and subdued demand from jewellers, gold on Tuesday plunged by Rs195 to Rs26,430 per ten gram and silver by Rs200 to Rs36,000 per kg in Delhi bullion market. Traders said besides easing demand from jewellers, a weak global trend as stronger dollar... read more »
Gold near three-month low
Gold edged up on Monday, but remained near a three-month low as the dollar hit an 11-year high after a strong U.S. jobs report boosted expectations the Federal Reserve would soon hike interest rates. Spot gold rose to $1,172.41 an ounce by 0733 GMT, retaining most Friday’s near 3 percent... read more »
Gold Monetisation Scheme Should Be Investor Friendly: Gitanjali Exports
After the announcement of a gold monetisation scheme in the Budget, the details of the scheme are keenly awaited. The scheme has the potential to attract Rs. 1 lakh crore worth of gold deposits, says Sanjeev Agarwal, CEO of Gitanjali Exports Corporation. (Watch video) In Budget 2015-16, Finance... read more »
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Gold recovers on wedding season demand
Gold prices on Monday recovered by Rs 70 to trade at Rs 27,700 per ten gram at the bullion market, largely supported by wedding season demand from jewellers and retailers amidst a firming... read more »
Gold demand up 2% in Dec quarter, down 15% in 2014
MUMBAI, FEB 12: Gold demand in the December quarter was up two per cent at 223 tonnes, largely due to pent up demand from jewellers during the festival season on the back of drop in... read more »
Swiss gold exports to India cross Rs 1.2 lakh crore
Switzerland’s gold exports to India crossed Rs 1.2 lakh crore in 2014 even as concerns persist over bullion being used to channel illicit funds into the Indian shores. The value of... read more »
Gold Prices Fall as Traders Lock In Gains
Gold prices retreated from five-month highs as some investors locked in profits ahead of the weekend. The most actively traded gold contract, for February delivery, ended $8.10, or 0.6%,... read more »
PRECIOUS-Gold rebounds to 5-month high after ECB launches QE prog...
Gold turned higher and touched a five-month high above $1,300 per ounce on Thursday, after the European Central Bank (ECB) launched a multi-billion euro bond-buying program aimed at reviving a... read more »
