India’s imports of gold have jumped over the past month, with traders moving to exploit the lack of import customs from South Korea, a recent report said. India’s gold imports were 60 tonnes in August, up from 22.3 tonnes in the same period in 2016, the Reuters-based consultancy JFMS said on Monday. India has imposed […]
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Said the Ministry of Commerce of India, on Monday, it said that gold imports rose 19.5 percent to 34.32 billion dollars, during the fiscal year 2014-2015. She explained, “the ministry”, in a statement, that the rise in imports of the yellow metal due to the decline in prices, and the easing of restrictions imposed by […]
Gold prices continue to slide for the second straight day on Friday, tumbling by Rs 200 to Rs 28,100 per ten grams at the bullion market, amid low demand from jewellers. Bullion traders said apart from sluggish demand at domestic markets at prevailing levels, a weak trend in global market where gold fell the most […]
Gold prices crossed the Rs 28,000-mark after over four months by gaining Rs 100 at the bullion market in the national capital on Monday, continuing its rising streak for the third consecutive day. The prices of the yellow metal rose to Rs 28,080 per ten grams largely on the back of sustained buying by jewellers […]
Gold regained its sheen with prices rising by Rs 360 to Rs 27,600 per ten grams in the national capital on Friday after it surged to two-week high in global markets amid increased demand from stockists. In addition, depreciating rupee in the forex market, which makes imports costlier, also influenced the prices. Silver also saw […]
New Delhi: Snapping a two-day rising trend, gold prices fell by Rs 20 to Rs 30,230 per ten gram in the national capital Friday owing to slackened demand at prevailing higher levels amid weak global cues. Silver also declined by Rs 200 to Rs 43,000 per kg on lack of buying support from industrial units. […]
Gold prices edged lower by Rs 74 to Rs 28,515 per ten grams in futures trade Thursday as market participants trimmed their positions in tandem with a weakening trend overseas. At the Multi Commodity Exchange (MCX), gold for delivery in June moved lower by Rs 74 or 0.26 percent to Rs 28,515 per ten grams. […]
India, the world’s second-largest gold consumer, will probably keep restrictions on imports to control the current account deficit and defend the rupee, said the managing director of the country’s biggest refiner. The limits would result in shipments of 650 metric tons to 700 tons in the 12 months started April 1 from 650 tons a […]
New Delhi: Gold prices recovered sharply by Rs 165 to Rs 29,400 per 10 grams in the national capital Saturday on brisk buying by stockists to meet the ongoing auspicious ‘Navratra’ festival demand, triggered by strong global cues. However, silver remained under selling pressure and lost another Rs 70 to Rs 43,480 per kg. Traders […]
