The 1 percent tax was earlier imposed on cash purchases of gold jewellery of up to Rs. 2 lakh; it has now been restored to Rs. 5 lakh from June 1.
May 31, 2016
Silver prices closed at Rs. 39,950 per kg on Friday. Gold also has been weak over fears of interest rate hike.
May 20, 2016
Gold imports dropped to $1.2 billion last month from $3.1 billion last April, while gems and jewellery exports rose to $3.4 billion.
May 13, 2016
Gold breached the Rs. 30,000-mark for the second time this week, keeping away consumers, according to trade experts.
May 13, 2016
An annual Hindu and Jain festival saw 35 percent lower demand compared to last year.
May 10, 2016
Jewellers are expecting gold sales to remain subdued due to high prices this Akshay Tritiya.
May 6, 2016
Gold prices declined by Rs. 225 per 10 gm and silver was down Rs. 150 per kg on Saturday in Delhi bullion market.
Apr 23, 2016
Gold and silver prices have risen 17.36 percent and 21.17 percent since Jan. 1, while Sensex had declined 1 percent.
Apr 22, 2016
Shipments of gold into India plunged for a second straight month in March to $972.96 million after an 85 percent surge in January.
Apr 19, 2016
Gold prices rose by Rs. 180 per 10 gm, while silver gained modestly to close at Rs. 38,700 per kg.
Apr 17, 2016
The mining lease held by state-owned Bharat Gold Mines Ltd will be up for sale to the highest bidder through a government tender.
Apr 11, 2016
Prospects for higher interest rates were already helping the dollar revive from five-months lows touched last week.
Mar 22, 2016
This scheme managed to collect 3 tonnes of gold against the targeted 20,000 tonnes lying idle without traded or monetised.
Mar 19, 2016
These schemes were launched to discourage citizens from hoarding physical gold.
Mar 18, 2016
In the second tranche, it had received 3.16 lakh applications for 2,790 kg of gold valued at about Rs 726 crore.
Mar 5, 2016