Jewellers in catch-22 situation
Rome/ Mumbai: Indian jewellers, long spoiled by access to the world’s largest group of gold consumers, must seek expansion overseas after the authorities tied gold imports to exports. But the path wi
Wait for gold iPhone5S just got longer
Washington: The wait for Apple fans to buy the highly-anticipated gold coloured iPhone5S just got a little longer as within minutes of going on sale online, the shipping date slipped to seven to 10 b
20 gold bars valued at Rs 5.8 cr seized from 2 women at airport
Kochi: In the biggest gold haul at an Indian airport, 20 gold bars valued at Rs 5.8 crore were seized early on Thursday from two women passengers from Dubai. On the basis of specific information, a t
Gold slides for fourth day on lower demand, global cues
New Delhi: Gold prices fell for the fourth straight day in the national capital on Saturday by falling Rs 450 to Rs 30,300 per ten grams on sustained selling amid a weak global trend. However, silver
Gold, silver fall for third day on global cues
Extending losses for the third straight day, gold and silver prices fell further Friday on sustained selling by stockists following sluggish demand coupled with a lower global trend.
Gold tumbles by Rs 1,250 as rupee, markets recover
New Delhi: Gold prices suffered the steepest fall in a week falling by Rs 1,250 to Rs 30,950 per ten grams here on heavy sell-off by stockists as equity markets and rupee recovered after RBI's fresh
Government cuts import tariff value of gold to USD 458/10 gm
New Delhi: The government on Monday reduced the import tariff value of gold to USD 458 per 10 grams due to fall in its global prices. It also cut the import tariff value of silver to USD 783 per kg.
No proposal to convert idle gold into bullion: RBI
Mumbai: The Reserve Bank on Saturday said it is not contemplating any proposal to buy idle gold and convert it into bullion.
"The RBI clarifies that no such proposal is under its consideration at thi
Gold, silver fall further on weak demand, global cues
Gold prices declined further by Rs 275 to Rs 31,425 per 10 gram, extending losses for the third straight day in the national capital Saturday on fall in demand at higher levels amid weak global trend.
Government raises import tariff value of gold to USD 461 per 10 gms
New Delhi: The government on Friday raised the import tariff value of gold to USD 461 per ten grams and of silver to USD 803 per kg as prices of the precious metals touched an all-time high this week