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 »
