Gold hits one-week high; dollar, oil eyed
Gold prices hit a one-week high on Monday before paring gains to trade near the previous closing price, with investors closely watching the oil and currency markets for trading cues.
Bullion prices p
Jewellers continue strike; CBEC chief offers talks
Even as jewellers continued with their country-wide strike for the eighth day demanding their exclusion from the proposed excise duty, a top Finance Ministry official on Saturday assured them of furth
Pledge more gold for NBFC loans
A Reserve Bank ‘intervention’ has taken the shine out of the firms extending finance against pledged gold, and made things difficult for people banking on these firms for such loans. Customers will no
Jewellers' strike dents festival sales in India
Jewellery sellers in India lost out on the opportunity to make large sales on Gudi Padwa festival, considered to be an auspicious day to buy gold, due to a strike called to protest duty raises in last
Flyers get the Midas touch
A smart air passenger can gain more than a lakh of rupees if he or she can sneak in one kg of gold.
With import duty of gold increased from Rs30 per gram to Rs115 per gram in two months, the incenti
Gold tracks oil higher, gains may be capped
Gold rose more than half a per cent on Monday after firm oil prices prompted safe haven buying from investors and speculators, while technical buying also resurfaced after bullion bounced from its wea
Import duty change on gold means higher charges
India, the world's biggest consumer of bullion, has changed the import duty on gold to two per cent of value from the earlier flat 300 rupees per 10 grams and that of silver to six per cent of value f
Hallmark decision, say TN gold-lovers
With the government passing a law that every piece of gold jewellery sold has to carry hallmarks, buyers need not worry any longer about being duped.
In a bid to protect consumers from unscrupulous j
Hallmarking of gold made mandatory
The union cabinet on Wednesday made hallmarking of gold mandatory for greater quality control in the trade of the precious metal, official sources said.
It also decided to amend the Bureau of Indian
Gold futures decline on global cues
Gold prices declined by Rs 205 to Rs 27,371 per 10 grams in futures trade on thursday as speculators offloaded their positions, tracking a weakening trend overseas.
At the Multi Commodity Exchange,