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
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
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
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
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
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
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,
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
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
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
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
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
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.
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
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)
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,
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
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.
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
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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