Gold

Gold prices rise for 5th straight day, close at three-week high

A firm trend in global markets coupled with strong buying in India ensured gold prices remained high in the country.

Jun 13, 2016

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Gold, silver prices fell more than 4% in May while Sensex gained

The fall in gold prices was attributed to weak demand and rising fears of an interest rate hike by the US Federal Reserve.

Jun 1, 2016

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1% tax on cash purchase of gold jewellery rolled back

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

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Silver prices fall below Rs. 40,000 for the first time in one month, gold closes with minor losses

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

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Gold imports plunged 60% in April, gems and jewellery exports up 17%

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 prices rally in India to cross Rs.30,000, Sensex slumps 300 points

Gold breached the Rs. 30,000-mark for the second time this week, keeping away consumers, according to trade experts.

May 13, 2016

Gold buying this Akshay Tritiya slowed due to high prices

An annual Hindu and Jain festival saw 35 percent lower demand compared to last year.

May 10, 2016

Akshay Tritiya sales likely to remain weak due to high gold prices

Jewellers are expecting gold sales to remain subdued due to high prices this Akshay Tritiya.

May 6, 2016

Gold, silver prices fall in India on low demand, global cues

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, silver outperform Sensex in 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

Gold imports plummet 80% in March due to strike by jewellers

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, silver prices rise on wedding-related purchases, global cues

Gold prices rose by Rs. 180 per 10 gm, while silver gained modestly to close at Rs. 38,700 per kg.

Apr 17, 2016

Australian-Indian consortium may bid to acquire Kolar gold mining lease

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

Spot gold steadies, but rate hike worries resurface

Prospects for higher interest rates were already helping the dollar revive from five-months lows touched last week.

Mar 22, 2016

Govt to strengthen gold monetisation scheme, rich Hindu temples to contribute

This scheme managed to collect 3 tonnes of gold against the targeted 20,000 tonnes lying idle without traded or monetised.

Mar 19, 2016

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