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US becomes largest export market for Indian gold jewellery

US becomes largest export market for Indian gold jewellery

🕔17:01, 19.Jan 2023

Chennai, Jan 19 (IANS) The US has become India’s largest export market for gold jewellery ahead of the UAE, the World Gold Council (WGC) said in a report. According to WGC, the US became the largest market for Indian gold jewellery

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Tirumala temple owns Rs 2.5 lakh crore assets, including 10 tonnes gold

Tirumala temple owns Rs 2.5 lakh crore assets, including 10 tonnes gold

🕔09:15, 7.Nov 2022

Tirupati, Nov 6 (IANS) Sri Venkateswara temple at Tirumala, the world’s richest Hindu temple, owns assets of over Rs 2.5 lakh crore including 10.25 tonnes of gold. The assets of Tirumala Tirupati Devasthanams (TTD), which governs the affairs of the ancient

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‘India’s gold demand for 2022 to be over 800 tonne’

‘India’s gold demand for 2022 to be over 800 tonne’

🕔14:31, 28.Jul 2022

Chennai, July 28 (IANS) India’s demand for gold will be between 800-850 tonne in 2022, said a top official of World Gold Council-India. He also said 80 per cent of the demand will be for jewellery and the balance in the

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Ukraine war, FII sell-off push gold price to Rs 55K per 10 gm

Ukraine war, FII sell-off push gold price to Rs 55K per 10 gm

🕔07:24, 9.Mar 2022

New Delhi, March 9 (IANS) Inflationary fears as well as Russia-Ukraine conflict pushed gold prices to Rs 55,000 per 10-gram on Tuesday. The fears of supply shortages due to the Russia-Ukraine conflict along with robust demand has kept prices higher. Sanctions

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‘Gold Bonds’ next series to be issued at Rs 5,109 per gram

‘Gold Bonds’ next series to be issued at Rs 5,109 per gram

🕔11:17, 26.Feb 2022

New Delhi, Feb 26 (IANS) The issue price for Sovereign Gold Bonds’ next series has been fixed at Rs 5,109 per gram of gold. According to the Finance Ministry, the Sovereign Gold Bond Scheme 2021-22 (Series X) will be opened for

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Russia-Ukraine war boosts gold, silver prices

Russia-Ukraine war boosts gold, silver prices

🕔16:45, 24.Feb 2022

New Delhi, Feb 24 (IANS) Prices of precious metals like gold and silver accelerated on Thursday after Russia declared war on Ukraine. Global equity indices slide and commodities, including gold, surged as hostilities started. Concurrently, gold prices rallied with MCX Gold

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Crude oil, gold prices remain elevated despite easing tensions over Ukraine

Crude oil, gold prices remain elevated despite easing tensions over Ukraine

🕔07:40, 17.Feb 2022

Mumbai, Feb 17 (IANS) Prices of Brent crude oil, gold, and silver remained at elevated levels despite the easing of Russia-Ukraine tensions. Brent Crude oil price hovered over $95 per barrel from its 7-year high levels of $96 per barrel. Similarly,

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Russia-Ukraine crisis boosts gold, crude oil prices

Russia-Ukraine crisis boosts gold, crude oil prices

🕔07:24, 15.Feb 2022

New Delhi, Feb 15 (IANS) Heightened tensions between Russia-Ukraine accelerated gold and crude oil prices on Monday. As global equity indices slid, commodities, including crude oil, surged as geopolitical risks over Ukraine rippled through global markets. The Brent-indexed Crude oil prices

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Gold prices expected to reach Rs 52-53k mark in next 12 months: MOFS

Gold prices expected to reach Rs 52-53k mark in next 12 months: MOFS

🕔14:44, 30.Oct 2021

New Delhi, Oct 30 (IANS) Domestic gold prices are expected to surge towards the highs of Rs 52,000-53,000 over the next 12 months. In 2021, prices of the precious metal have been trading between Rs 47,000 and 49,000 mark per 10

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India’s Q3CY21 YoY gold demand up 47%: WGC

India’s Q3CY21 YoY gold demand up 47%: WGC

🕔07:27, 29.Oct 2021

New Delhi, Oct 29 (IANS) India’s Q3CY21 gold demand rose 47 per cent on a year-on-year basis, said World Gold Council. Accordingly, the demand for gold in India for Q3CY21 rose 139.1 tonnes from 94.6 tonnes reported for the corresponding quarter

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Duty cut, jewellery demand boosts gold imports: GJEPC

Duty cut, jewellery demand boosts gold imports: GJEPC

🕔21:00, 20.Apr 2021

New Delhi, April 20  Multiple factors, including high demand in gems and jewellery along with duty cut in gold, contributed to the rise in imports of gold to 160 tonnes, a growth of 471 per cent as compared to the

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Strong recovery for retail jewellery segment likely to sustain: Report

Strong recovery for retail jewellery segment likely to sustain: Report

🕔06:35, 18.Mar 2021

Mumbai, March 18  The recovery momentum for the retail jewellery sector is likely to continue in 4QFY21 and FY22, backed by a softening of gold prices and an economic revival, India Ratings and Research (Ind-Ra) said on Wednesday. The ratings

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Gold, silver futures surge, gold above Rs 51K/10 gm

Gold, silver futures surge, gold above Rs 51K/10 gm

🕔14:00, 5.Nov 2020

Mumbai, Nov 5  Futures of gold on the Multi Commodity Exchange (MCX) rose above the level of Rs 51,000 per 10 gram tracking a positive trend in the international markets as vote counts of the US elections continued on Thursday.

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Credit outlook moderately negative for gold jewellery retailers: Crisil

Credit outlook moderately negative for gold jewellery retailers: Crisil

🕔20:11, 17.Sep 2020

New Delhi, Sep 17  Slack demand, resulting in lower cash accrual, along with elevated inventory levels and curtailed bank finance, will lead to a moderately negative credit outlook for gold jewellery retailers this fiscal, Crisil Research said on Thursday. An

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Gold at new high amid rising Covid cases, economic uncertainty

Gold at new high amid rising Covid cases, economic uncertainty

🕔16:10, 24.Jun 2020

Mumbai, June 24  Bull run continues in the bullion market amid high uncertainty and with the likelihood of new coronavirus cases not declining anytime soon. Futures of the yellow metal touched a fresh record high on the Multi-Commodity Exchange (MCX)

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Coronavirus fear: Gold logs all-time high of Rs 43,590

Coronavirus fear: Gold logs all-time high of Rs 43,590

🕔06:27, 25.Feb 2020

Mumbai, Feb 25  Supported by weakening rupee and uncertainty owing to the fast spreading coronavirus, prices of safe haven assets like gold and silver rose sharply on Monday. Gold prices logged a life-time high of Rs 43,590 per 10 grams,

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Gold touches new high over Rs 40K per 10gm

Gold touches new high over Rs 40K per 10gm

🕔11:12, 26.Aug 2019

umbai, Aug 26  Breaching a psychological barrier, gold prices in Mumbai touched new high of a little over Rs 40,000 per 10 gm, on Monday, industry players said. “This is indeed an unprecedented high, but lower by at least 20

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India can produce 100 tonnes of gold per year: Expert

India can produce 100 tonnes of gold per year: Expert

🕔09:54, 20.Sep 2018

New Delhi, Sep 20  India has the capacity to produce over 100 tonnes of gold per year to better satisfy the country’s enormous demand for the precious metal which is mostly met by imports, a foreign expert said on Wednesday.

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Income Tax sleuths seize cash, gold in poll-bound Karnataka

Income Tax sleuths seize cash, gold in poll-bound Karnataka

🕔19:38, 21.Apr 2018

Bengaluru, April 21  Income-Tax (I-T) sleuths seized Rs 4.13 crore in cash and 4.52 kg gold jewellery valued at Rs 1.32 crore during raids conducted over the last three weeks in poll-bound Karnataka, an official said on Saturday. “Of the

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High gold prices mar Akshaya Tritiya sales this year

High gold prices mar Akshaya Tritiya sales this year

🕔10:43, 19.Apr 2018

New Delhi/ Mumbai/ Kolkata/ Bengaluru/ Chennai, April 19  Spiralling yellow metal price has marred the Akshaya Tritiya spirit across most cities with sales showing a downturn on Wednesday. Also geo-political tensions have weakened the rupee against dollar, which also impacted

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