Indians lean towards lightweight, lower carat wedding jewellery amid soaring gold prices: Report
Dec 18, 2024, at 10:10 pm
Mumbai: Many Indian families are forced to buy lightweight and lower-carat jewellery due to skyrocketing gold prices to keep within their budgets, according to a Reuters report.
Gold purchases set to fall sharply in December after record sales in November: Report
Dec 17, 2024, at 09:37 pm
Mumbai: After gold purchases in India surged to record levels in November, a significant decline is expected in December due to the absence of major festivals and rising prices prompting buyers to postpone purchases, Reuters reported, citing trade and government officials.
India shines in gold purchases, outpaces China by 51% in 3 months
Oct 31, 2024, at 08:25 pm
New Delhi/IBNS: Indians bought a substantial 248.3 tonnes of gold between July and September 2024, which is 51 percent more than the 165 tonnes purchased in China during the same period, according to the World Gold Council’s latest data.
'Got scammed': Delhi man claims he ordered 1 gm gold coin from Blinkit, gets 0.5 gm instead
Oct 30, 2024, at 08:13 pm
New Delhi/IBNS: Mohit Jain, a resident of Delhi, claimed that Blinkit, one of the leading Indian quick-commerce platforms, delivered a 0.5-gram gold coin instead of the one-gram coin he had ordered.
RBI says another 102-ton gold shifted to India from Bank of England's vaults
Oct 30, 2024, at 06:54 pm
New Delhi/IBNS: The Reserve Bank of India (RBI) on Wednesday (Oct. 30) announced the relocation of another 102 tonnes of gold from the Bank of England's vaults in London to secure locations within India.
Can silver prices beat gold in future? Vedanta Group chairman shares perspective
Oct 26, 2024, at 03:36 am
Mumbai: Silver prices recently reached unprecedented levels, with December futures crossing the Rs 1,00,000 per kilogram mark on the Multi Commodity Exchange (MCX) for the first time.
MCX Gold rate nears record high of Rs 80,000/10 gm mark, silver prices at fresh peak
Oct 21, 2024, at 07:26 pm
Mumbai/IBNS: Gold and silver prices surged to new record highs in the domestic futures market on Monday (Oct. 21) morning, buoyed by strong spot demand and favourable global trends.
Gold price rises ahead of US inflation data
Oct 10, 2024, at 06:20 pm
Mumbai/IBNS: Gold prices edged higher in the domestic futures market on Thursday (Oct. 10) morning, ahead of key US inflation data that could shape the Federal Reserve’s future monetary policy decisions.
Gold prices rise ahead of US inflation prints
Sep 27, 2024, at 06:24 pm
Mumbai/IBNS: Gold prices rose slightly in the domestic futures market on Friday (Sept. 27) morning, following positive global trends as investors awaited the release of the US core personal consumption expenditures (PCE) price index data later in the day, reports said.
Gold prices linger near all-time high
Sep 26, 2024, at 07:06 pm
Mumbai/IBNS: Ahead of US Federal Reserve chair Jerome Powell's upcoming speech, gold prices remained steady on Thursday (Sept. 26) but hovered near record highs.
Sovereign Gold Bonds available for early redemption on September 17
Sep 18, 2024, at 06:15 am
New Delhi: Investors holding an early series of Sovereign Gold Bonds (SGBs) have reason to celebrate, as the returns on these bonds, issued five years ago, have more than doubled, offering substantial rewards, media reports said.
Russia rises gold purchases by 601% to evade sanctions
Sep 07, 2024, at 10:46 pm
Moscow/IBNS: As Western sanctions continue to tighten around Russia, Moscow on Friday (Sept 6) announced that the country will increase its daily gold purchases to 8.2 billion rubles, which represents a 601 percent rise from previous occasions, to bypass financial restrictions and maintain trade with its partners.
Gold, silver prices plummet by Rs 4,000 after budget slashes custom duty
Jul 24, 2024, at 04:07 am
New Delhi: Finance Minister Nirmala Sitharaman announced a significant reduction in customs duties on gold and silver during her Budget presentation on Tuesday.
RBI moves 100 tonnes of gold from UK to its vaults, first time since 1991: Report
May 31, 2024, at 07:07 pm
Mumbai/IBNS: The Reserve Bank of India (RBI) has moved over 100 tonnes of gold from the UK to its vaults in India, reports said.
Senco Gold Q4FY24 PAT grows 23.6% YoY to Rs. 32.17 cr; revenue grows 39.7%
May 25, 2024, at 02:54 am
Kolkata: Jewellery retailer Senco Gold Limited reported a Profit After Tax (PAT) of Rs. 32.17 crore, marking a 23.6% increase year-on-year (YoY) from Rs. 26.03 crore in Q4 FY23.
Kalyan Jewellers records FY24 revenue of Rs 18,548 Cr; PAT grows by 38%
May 11, 2024, at 05:06 am
Kolkata: Kalyan Jewellers India Limited recorded a consolidated revenue of Rs 18,548 crore in FY24 as against Rs 14,071 crore in the previous year, a growth of 32%. Consolidated PAT for FY24 was Rs 596 crore.
China's gold-buying spree triggers global price surge
May 09, 2024, at 05:27 am
Gold's value has historically surged during geopolitical and economic upheavals, and recent events like Russia's invasion of Ukraine and the conflict in Gaza have further boosted its price.
How global dynamics are fuelling gold price surges in India
Apr 24, 2024, at 08:44 am
New Delhi: Gold holds a special place among household assets in India as it has proven its value over time, offering significantly favourable returns in comparison to alternative asset categories.
India's March gold imports expected to fall significantly: Report
Mar 28, 2024, at 04:28 am
New Delhi: India's gold imports are likely to drop in March by over 90% compared to the previous month, reaching the lowest point since the onset of the COVID-19 pandemic, media reported.
Andhra Pradesh has 47.17 tonnes of total gold reserves
Aug 01, 2023, at 06:23 am
New Delhi: Andhra Pradesh has 47.17 tonnes of total resources—5.3 tonnes of proven & probable reserves and 41.87 tonnes of remaining resources—of Gold as primary metal as on April 1, 2020, according to Indian Minerals Year Book 2021.
Centre imposes import restrictions on specific gold jewellery, articles
Jul 13, 2023, at 06:14 am
New Delhi: The Centre on Wednesday implemented import restrictions on specific gold jewellery and articles to reduce the import of non-essential items.
Jun 17, 2023, at 07:40 am
New Delhi: The government on Friday announced the opening of the first series of Sovereign Gold Bonds for the current financial year 2023-24.
Sovereign Gold Bond 2022-23: Series III subscription to open on Dec 19
Dec 17, 2022, at 03:28 am
New Delhi/IBNS: The Ministry of Finance on Friday said the subscription for Series III of the Sovereign Gold Bonds 2022-23 will open during December 19-23, 2022.
Edelweiss Asset Management launches ‘Gold and Silver ETF Fund of Fund’
Aug 26, 2022, at 10:06 pm
Kolkata: Edelweiss Asset Management Limited launched a new scheme -- ‘Edelweiss Gold and Silver ETF Fund of Fund’. The fund will be open for subscription between August 24th to September 7, 2022.
Finance Ministry announces Sovereign Gold Bond Scheme 2022-23 (Series I) – Issue Price
Jun 20, 2022, at 11:52 pm
New Delhi: The government will be open for subscription Sovereign Gold Bonds 2022-23 (Series I) during the period June 20-24, 2022 with the settlement date June 28, 2022, the Ministry of Finance.
9 Ways Gold Loan is The Best Bet for Your Financial Requirements
Apr 08, 2021, at 04:35 pm
For decades, people in India have been investing in Gold as a trusted investment instrument. Whether in coins, jewellery, or other forms, the Gold is the most liquid asset instrument you can support. You can find gold buyers anywhere. When you need to raise capital, you can quickly sell it off. However, if you do not wish to sell your Gold, there is a way to procure funds.
BSE Records Consecutive Delivery of Gold in 'Options in Goods' contracts
Aug 06, 2020, at 09:30 pm
Mumbai/UNI: Bombay Stock Exchange (BSE) on Thursday said it has executed consecutive delivery of Gold mini on 'Options in Goods' framework for the second month running on August 4, 2020.
Sep 15, 2019, at 08:14 pm
Now that Classic World of Warcraft has launched, the addon market is booming. We had some idea of what addons would be available before launch, but now the game is here there is a wealth of addons developers have created to improve the Classic gaming experience. Some of these addons just improve the look and feel of the game, and some of them will make the leveling process smoother by filling in the gaps that the game is missing. Let us take a look at the best addons for Classic WoW.
Aug 10, 2019, at 12:28 pm
Chennai, Aug 10 (UNI) Following is the bullion markets opening rate here today.
Gold rises amid weakened US dollar, Brexit uncertainty
Mar 13, 2019, at 09:37 am
Chicago, Mar 13 (Xinhua) Gold futures on the COMEX division of the New York Mercantile Exchange rose on Tuesday as the US dollar weakened.