Gold

Sovereign gold bond scheme fetched govt just Rs 1,400 cr against Rs 15,000 cr targeted

These schemes were launched to discourage citizens from hoarding physical gold.

Mar 18, 2016

Govt to launch third tranche of gold bond scheme on March 8

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

3-day jewellers' strike may cost the economy $432 million

An excise duty of 1 percent on gold transactions worth Rs. 6 crore per year brings small manufacturers to book.

Mar 3, 2016

Budget 2016: Gold prices rise as FM Arun Jaitley leaves import duty unchanged

However, the government proposed a slew of exemptions for investment under the gold schemes announced last year.

Feb 29, 2016

Gold imports likely to slump to 2-year low in February

Jewellers and retail consumers are waiting for a correction in gold prices amid hopes of a cut in import duty in the upcoming budget.

Feb 23, 2016

Indians spent $267B on gold in last 10 years

When foreigners were buying Indian equities over the last ten years, Indians were busy buying gold, Akhilesh Tilotia of Kotak Equities said.

Feb 20, 2016

Gold gains on fresh demand; ETFs rise despite stock market rally

The yellow metal managed to stay above $1,200 an ounce on Friday despite shedding previous day's gains.

Feb 19, 2016

Gold falls below $1,200 an ounce on rebound in stocks, crude prices

A rally in global equities and crude oil prices has reduced the demand for the yellow metal among safe-haven seeking investors.

Feb 16, 2016

Risk aversion buying pushes gold prices to near Rs 30,000 per 10 gm

Gold prices have gone up sharply during this week amid a tailwind generated by stock markets and a depreciation in rupee.

Feb 12, 2016

Gold prices rally in sharp contrast to stock market rout, cross Rs 29,000 per 10 gm

The metal has appreciated sharply from its Jan.1 price of Rs 25,510 per 10 gm.

Feb 11, 2016

Import tariff value hiked on gold, silver

The import tariff value is now $388 per 10 gm on gold and $487 per kg on silver.

Feb 10, 2016

Gold regains Rs 28,000 level on safe-haven demand

The yellow metal's prices have risen by Rs 825 in the past eight trading sessions.

Feb 9, 2016

Jewellers to go on strike over PAN norms on cash purchases

Jewellery makers and traders claim loss of business as a majority of population don't have PAN cards.

Feb 8, 2016

Gold prices soar to 9-month high on strong buying

Gold prices have gained more than 10 percent since the beginning of the year.

Feb 6, 2016

Gold prices rise 6.35% in January; gold ETFs also gain

The spurt was largely due to a slump in global equity markets that witnessed heavy sell-off.

Jan 30, 2016

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