Precious metals advanced last week. In terms of dollars, gold and silver appreciated 1.8 per cent and 1.3 per cent last week and closed at $2,622 per ounce and $31.1 an ounce respectively. Similarly, in the domestic market, gold futures (₹74,821 per 10 gram) was up 0.9 per cent and silver futures (₹90,135 per kg)…
A sudden fall in gold prices after the Indian government reduced the import duty in the Budget and a recovery thereafter will likely trigger fresh buying interest in gold jewellery among consumers during the current festival season. Gold prices fell from ₹72,600 per 10 grams to ₹69,100 after Finance Minister Nirmala Sitharaman announced that the…
A sudden fall in gold prices after the Indian government reduced the import duty in the Budget and a recovery thereafter will likely trigger fresh buying interest in gold jewellery among consumers during the current festival season. Gold prices fell from ₹72,600 per 10 grams to ₹69,100 after Finance Minister Nirmala Sitharaman announced that the…
In August 2024, gold continued its impressive run from July, closing the month with a notable 3.6 per cent gain at USD 887.98 per 10 grams, according to the World Gold Council (WGC).The precious metal reached a new all-time high on August 20 before experiencing a slight decline as the month drew to a close….
As part of its global expansion strategy, Malabar Gold & Diamonds has proposed to open 20 new showrooms in October. The new locations will be in key markets across India, the GCC countries, and the USA, bringing the total number of showrooms worldwide to 375. Currently, the jeweller operates 355 showrooms across 13 countries, a press…
Gold prices on Wednesday declined ₹171 to ₹71,210 per 10 grams in futures trade amid weak global cues. On the Multi Commodity Exchange, gold contracts for October delivery traded lower by ₹171 or 0.24 per cent to ₹71,210 per 10 grams in a business turnover of 15,466 lots. Also read: Gold purification: Provide small and…
Silver prices on Wednesday plunged ₹451 to ₹82,801 per kilogram as participants reduced their bets. Also read: Gold futures slip on low demand On the Multi Commodity Exchange, silver contracts for December delivery declined by ₹451 or 0.18 per cent to ₹82,801 per kg in a business turnover of 32,686 lots. Globally, silver was trading…
The All Kerala Gold and Silver Merchants’ Association has urged the Centre to reconsider its decision to make hallmarking and HUID certification mandatory for purifying old ornaments to make 24-carat gold bars, and provide small and medium refineries licences for gold purification. The association said only 50 refineries in the country have received licences to…
The All Kerala Gold and Silver Merchants’ Association has urged the Centre to reconsider its decision to make hallmarking and HUID certification mandatory for purifying old ornaments to make 24-carat gold bars, and provide small and medium refineries licences for gold purification. The association said only 50 refineries in the country have received licences to…
Domestic gold prices have risen by 10 per cent on a year-to-date basis on the back of the strength in global gold prices, which have surged by 18 per cent year-to-date, driven by robust central bank purchases, heightened geopolitical risks, and growing expectations of a monetary policy pivot from the US Federal Reserve, according to…
