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India gold News

17 Jul 2020

`Current economic, geo-political scenarios ripe to keep gold prices buoyant`

As long as investors see gold as a safe haven and a hedge against uncertainty, there will be higher demand for bullion by investors. For every 100 rupees one plans to invest, allocating 15-20 rupees to gold can risk adjust your portfolio. Gold’s influence on CAD appears to be, at least temporarily, on the wane.

02 Jun 2020

India's May gold imports fall 99% from a year ago to 1.4 tonnes

In value terms, May imports dropped to $76.31 million from to $4.78 billion a year ago.

gold monetisation scheme

12 Feb 2019

Focus on retail holders to get more gold back into system: IGPC chief

IGPC Chairperson Prof. Arvind Sahay spoke to Reema Sharma of Zee Media regarding few pressing issues on the Gold Monetisation Scheme on the sidelines of the conference.

Domestic gold demand

31 Jan 2019

Domestic gold demand dips 1.40% in 2018; up 4% Globally

In 2017, the country consumed 771.2 tonne gold, which declined to 760.4 tonne in 2018, the WGC said in its annual report Thursday.

24 Sep 2018

India likely to raise import curbs on various items, gold to be spared

The government is also trying to curb imports of "non-essential" items to support the rupee.

29 Sep 2017

SSP Chawrasia makes cut at British Masters

Chawrasia, who skipped a couple of events in Asia is looking to add a win on European soil. The only Indian to have won in Europe is Jeev Milkha Singh.

03 Feb 2017

India's gold demand fell sharply by 21% to 676 ton in 2016

The gold demand for 2015 stood at 857.2 tonne, the WGC data revealed.

31 May 2016

Govt rolls back 1% tax on cash purchase of gold jewellery

The government has rolled back its budget decision to charge 1% tax collection at source on cash purchase of gold jewellery.

Jewellers Nationwide Strike

13 Apr 2016

Nationwide Strike of Jewellers called off from today

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

18 Mar 2016

No breakthrough for jewellers; strike clings to day 17

Gold traders and jewellers continued their strike for the 17th day on Friday, in protest against the proposed one per cent excise duty on non-silver jewellery.

Sovereign gold bond scheme

18 Jan 2016

Gold bond tranche opens today, other scheme nets in 500 kg

The Gold Bond scheme has an annual cap of 500 grams per person and such bonds will be issued for 5-7 years.

Fed rate hike impact

16 Dec 2015

Know how US Fed rate hike will impact Indian stocks, gold and rupee

It would be the first US rate hike in nearly a decade.

17 Sep 2015

Gold regains sheen on global cues, silver up on strong demand

Snapping its two-day losing streak, gold on Thursday rose by Rs 275 to Rs 26,600 per ten grams, tracking a firming trend overseas amidst renewed buying interest from jewellery traders and retailers.

23 Jul 2015

Gold crash: Things that common man can watch out for

Let’s have a look at the options and the impact of gold price rout.

19 Jun 2015

India proposes gold-linked bonds to lower bullion imports

The country consumes nearly 1,000 tonnes of gold every year, most of it imported, and gold is the second-biggest expense on the import bill after oil.

14 Mar 2015

Government cuts import tariff on gold and silver

The government has slashed import tariff value on gold to USD 375 per 10 grams and silver to USD 512 per kg following weak global price trends.

11 Mar 2015

Gold, silver prices rise on buying by jewellers

Gold prices recovered marginally by Rs 20 to Rs 26,450 per 10 grams at the bullion market on Wednesday on scattered buying by jewellers amid a firm global trend.

Alphanumeric identity

24 Feb 2015

Govt yet to take call on alpha-numeric code for jewellery

The government on Tuesday said it has not yet taken a final decision on its proposal to introduce a nine-digit alphanumeric identity code for every gold jewellery manufactured in India, to fix purity and traceability.

16 Feb 2015

Gold recovers on wedding season demand, global cues

Gold prices on Monday recovered by Rs 70 to trade at Rs 27,700 per ten gram at the bullion market, largely supported by wedding season demand from jewellers and retailers amidst a firming global trend.

25 Dec 2014

Gold loses sheen to import curbs; smugglers make hay

For silver, the year has been even worse with a fall of about 20 percent in its price.

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