New Delhi: With the rupee dipping to an unprecedented low level, the government is ready to take step to curb volatility, Chief Economic Advisor to the Finance Ministry Raghuram Rajan said on Thursda

New Delhi: India’s exports contracted by 1.1 per cent in May to $24.5 billion after growing for four consecutive months. However, imports jumped by seven per cent to $44.65 billion in May.
This has p

New Delhi: World Gold Council (WGC) on Thursday said hike in import duty on gold will make the precious metal expensive, while cautioning that curbing supply will not be effective in the long run as

Mumbai: A day after the government raised import duty on gold to 8 per cent, Finance Minister P. Chidambaram on Thursday said the surging imports are unsustainable and advised the banks to tell custo

Chennai: Prices of gold and silver plunged on Monday on the back of stronger US dollar valuation and heavy selling from hedge funds.
Spooked by the commodity meltdown, gold hit a 21month low while si

Mumbai: With gold ending its 12-year bull run and expected to see further correction in prices, bullion experts said the auspicious occasion of Akshaya Tritiya would not be the right time to invest i

Gold prices tumbled by 1.06 per cent to Rs 29,263 per ten grams in futures trade today amid heavy selling by speculators, driven by a steep fall in prices in global markets.

Finance minister P. Chidambaram today said the government’s restrictive policy on gold is aimed at moderating imports and increasing its supply by defreezing idle domestic stock.

Gold prices on Thursday slipped from record high levels by losing Rs 35 to Rs 32,940 per 10 grams due to fresh selling by stockists sparked by sharp fall in overseas markets.

Reduced off-take at exis

With rise in gold prices in India, the smuggling of the yellow metal to Chennai has increased in the last two months. Customs officials in the city airport have seized Rs 1.75 crore worth gold and arr