India shines in gold purchases, outpaces China by 51% in 3 months
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
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
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
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
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
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
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
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
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
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
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
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%
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%
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
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.