Gold
Gold

Jewellery Firms Surge after RBI Eases Gold Import Norms

Shares in Titan Co Ltd(TITN.NS) surged on Thursday after the Reserve Bank of India (RBI) eased gold import rules by allowing seven more private agencies to ship the precious metal. The stock was trading up 10.2 percent as of 9:25 a.m.
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Remember 1991? Is Chidambaram's Anti-Gold Policy Right?

Despite Indian Finance Minister P. Chidambaram's oft-repeated appeal to desist from buying gold, there is hardly any decline in gold sales across the country and the minister should realise that it was sine-qua-non to his budget beset with huge increase in daily taxes that had hit the country's massive middle class.
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India's Gold Demand Falls 29 Percent In Q1; Price Upturn Likely In Future

India's gold demand slumped 29 percent in the year's first quarter, falling far behind China which is now the world's leading bullion market, the World Gold Council said Thursday. As per the organization's report, the country's gold consumption in volume declined to 207.6 tonnes in the first quarter, as compared to that of 291.8 tonnes at the same period the previous year. India's gold jewellery market reported a drop at 19 percent to 152 tonnes, while investment demand dipped 46 percent down...
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