Gold

Only purchase of jewellery above Rs 2 lakh needs mandatory KYC | Details

Department of Revenue (DoR) has clarified that any purchase of gold, silver, jewellery or precious gems and stones below Rs 2 lakh does not require PAN or Aadhaar of a customer as a mandatory KYC document.

8 days ago

Gold set for third straight weekly gain as virus cases soar

Gold prices edged higher on Friday and were headed for a third weekly gain on worries about rising coronavirus infections worldwide, although a firm dollar and a gain in equities blunted safe-haven demand.

Jun 26, 2020

Gold hits one-month peak as rising virus fears boost demand

Gold jumped to its highest in more than a month on Monday, June 22 as investors sought the safe-haven metal after surging coronavirus cases intensified concerns over a delay in global economic recovery.

Jun 22, 2020

Gold slips as dollar firms amid second wave of coronavirus infections

Gold prices dropped on Monday, June 15 as the dollar hovered close to a more than one-week high, despite fears of a second wave of coronavirus infections in Beijing denting risk appetite. Spot gold was down 0.5% at $1,720.56 per ounce as of 0640 GMT.

Jun 15, 2020

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Akshaya Tritiya 2020: Jewellers take the digital route amid coronavirus lockdown

The Indian bullion market will not witness the buying fervour as seen every year on the auspicious occasion of Akshaya Tritiya due to a nationwide lockdown in place to fight the coronavirus pandemic.

Apr 26, 2020

Gold goes ballistic amid rising war fears as Iran missiles hit US bases in Iraq

Yellow metal prices have soared Rs 2,000 per 10 grams in four days, fuelled by a war of words between President Trump and Teheran.

Jan 8, 2020

No hallmark, no gold sales: India makes gold jewellery hallmarking mandatory from mid-January

Hallmarking will be mandatory from January 15, but a period of one year will be allowed to set up new hallmarking centres and to clear jewellers' existing stocks.

Nov 30, 2019

RBI changes eligibility criteria for Gold Monetisation Scheme deposits

Notification makes Gold Monetisation Scheme more user-friendly by allowing joint accounts and making more entities eligible for making deposits.

Jan 10, 2019

Gold outlook brightens on dull dollar after Fed outlook spooks markets

Havens investments like gold and palladium set new highs as investors desert dollar over prolonged US shutdown and interest rate freeze.

Jan 8, 2019

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Gold surges across Asia as bears dominate equities

Traders seek out safe haven over US worries setting bullion on course for biggest monthly advance since August last year.

Dec 26, 2018

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Gold holds near six-month peak on weak risk appetite

Gold prices inched lower on Wednesday as the dollar firmed but hovered near a six-month high, supported by political instability in the United States and concerns about a global economic slowdown.

Dec 26, 2018

Gold rises as investors shy away from risk amid US political uncertainty

Gold prices climbed on Monday, with investor appetite for risk curbed by worries over a partial US government shutdown, Sino-US trade tensions and faltering global economic growth.

Dec 24, 2018

Gold prices steady as Fed's hint at 'some' hikes in 2019

Gold prices steadied on Thursday, after shedding half a percent in the previous session as the US Federal Reserve delivered a less-dovish outlook on monetary tightening than many had expected.

Dec 21, 2018

Gold edges lower as dollar steadies, equities tick up

Gold prices slipped on Thursday as the dollar steadied and equities climbed on signs of easing trade tensions between the United States and China, while palladium rose to a record high, trading at a premium to the bullion.

Dec 13, 2018