Global central banks plan to increase gold holding in their reserves even as Indian retail consumers may shun the yellow metal due to high prices. As per the World Gold Council’s recent “Central Banks Gold Reserves” survey, nearly 30 per cent of world’s central banks plan to add gold to their own reserves this year….
SBI Mutual Fund has launched SBI Silver ETF and SBI Silver ETF Fund-of-Fund. Silver ETF will primarily invest 95-100 per cent in silver and silver-related instruments, while the Silver ETF Fund of Fund would invest a 95-100 per cent in units of SBI Silver ETF. The balance of the assets will be invested in Government…
The National Mineral Exploration Trust has recently approved the exploration projects submitted by Mineral Exploration and Consultancy Ltd (earlier called Mineral Exploration and Corporation Limited) for gold and rare-earth elements (REE) in Krishnagiri and Tiruppur districts. It is also an exploration project for graphite in the Arasanur East block submitted by the Kudremukh Iron Ore…
All Kerala Gold & Silver Merchants Association has requested the Union Finance Ministry to reduce the basic customs duty on gold to encourage domestic manufacturing and exports. The recent increase in import duty from 7.5 to 15 per cent has significantly impacted production costs. The increased duty has resulted in additional taxation exceeding ₹9 lakhs…
The Indian Bullion and Jewellers Association (IBJA) has reconstituted its governing board for 2024-29 with Prithviraj Kothari of Riddi Siddhi Bullion Ltd as the national president. Aksha Mohit Kamboj, Executive Chairman of Aspect Global Ventures Pvt Ltd, has been appointed the national vice-president of the association, while Surendra Mehta C.A., will be the national secretary. …
