Gold ($2,858/ounce) and silver ($31.2/ounce) depreciated 2.7 per cent and 3.9 per cent respectively last week. In the domestic market, gold futures (₹84,219/10 gm) was down 2.1 per cent and silver futures (₹94,328/kg) lost 3.7 per cent. MCX-Gold (₹84,219) Gold futures (April) opened on a positive note and marked a high of ₹86,576 early last…
HDFC Bank executed the first ever trade in gold by any bank on IIBX under Special Category Client – Nominated Bank Category, the India International Bullion Exchange (IIBX) located in GIFT City recently announced. This trade conducted on February 28 imported gold through IIBX ecosystem by HDFC Bank and paved the way for other nominated…
Gold jewellery exports to the United States may halve to $1.50 billion next fiscal year as the US contemplates higher tariff of 5 per cent to 20 per cent on imports of gem and jewellery from India. Seeking the government’s intervention, the Gem and Jewellery Export Promotion Council (GJEPC) study has estimated that the punitive…
Gold prices tumbled by ₹1,150 to ₹88,200 per 10 grams in the national capital on Thursday, tracking a bearish trend in global markets, according to the All India Sarafa Association. Gold of 99.5 per cent purity also slumped by ₹1,150 to ₹87,800 per 10 grams from the previous close of ₹88,950 per 10 grams. Silver…
Hit by sharp rise in prices and weak demand, gold imports may halve this month to 15 tonnes against 30-35 tonnes logged in January. Spot gold prices hit a record high of $2,956 an ounce on Monday and been hovering in the same range due to global economic uncertainty kicked off by new trade tariff…
Hit by sharp rise in prices and weak demand, gold imports may halve this month to 15 tonnes against 30-35 tonnes logged in January. Spot gold prices hit a record high of $2,956 an ounce on Monday and been hovering in the same range due to global economic uncertainty kicked off by new trade tariff…
The RBI’s move to add more gold to its kitty and the recent rally in prices of the yellow metal to a new high allowed it the wiggle room to dip into forex reserves to smoothen volatility in the rupee’s movement against the dollar. The country’s forex reserves have fallen 10 per cent from $704…
The RBI’s move to add more gold to its kitty and the recent rally in prices of the yellow metal to a new high allowed it the wiggle room to dip into forex reserves to smoothen volatility in the rupee’s movement against the dollar. The country’s forex reserves have fallen 10 per cent from $704…
The discount on Indian domestic gold prices has widened to $23 an ounce (about 28 grams) against $3 in December due to weak demand amid sharp rise in gold prices. Jewellers have been reluctant to restock as they face the twin challenge of holding high inventory and meeting payment terms with manufacturers. This has created…
Unprecedented demand for physical gold from the US Commodity Exchange (COMEX) and speculation over potential Donald Trump administration’s tariffs have led to delays in delivery of the precious metal by London’s vaults and refineries imposing temporary surcharges, analysts and various reports said. The waiting time for London gold delivery is between four and eight weeks….
