Gold rises as U.S. dollar pares gains
Gold prices on Wednesday added to gains made in the previous session as the U.S. dollar weakened, with investors showing concern over the impact of the potential economic policies of…
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Rs 500, Rs 1000 notes ban set to boost gold imports in November
The government’s latest demonetisation move could drive up gold imports in November but demand outlook for the precious metal remains weak even in the short term, as cash runs dry,…
Gold broadly steady on short covering after global commodity sell-off
Gold was broadly steady on Monday on short covering, hovering around more than five-month lows hit on Friday after a global sell-off in commodities. FUNDAMENTALS * Spot gold…
India needs its own gold standards for GMS to succeed
The gold monetisation scheme (GMS), which was launched on November 5, 2015, has seen a tepid response as it completes a year. Compared to that, the sovereign gold bonds have…
India’s 2016 gold demand likely to fall to 7-year low thanks to smuggling
India’s gold demand could fall as much as 24 percent in 2016 to the lowest level in seven years due to higher prices and increased smuggling as the government seeks…
Gold slumps as dollar, stocks jump after FBI clears Hillary Clinton
Gold retreated on Monday as the US dollar and stocks strengthened after the FBI said it stood by its earlier finding that no criminal charges were warranted against Democrat Hillary…
India gold discounts back, safe-haven buying props up China demand
Dealers in India, the world’s second largest consumer of the gold, were offering a discount of up to $3 an ounce over official domestic prices this week Mumbai/Bengaluru: Gold prices…
Govt tightens rule for star export houses
The Directorate General of Foreign Trade (DGFT) has tightened the rules for export houses which wish to import gold in their capacity as a nominated agency. The public notice to…
Bullion India, an innovative alteration.
There is a silver lining to the decline in gold prices A clear sign that buyers are back is the increase in sales being witnessed across the bullion and jewellery…
Gold steady on subdued stocks, set for second weekly gain
Gold prices held steady on Friday amid a flat dollar and subdued Asian stocks, with the metal staying on track for its second straight weekly gain. FUNDAMENTALS Spot gold was…
Gold refineries resume operations as discount ends
Import of dore (unrefined gold) has increased and the metal’s refineries have resumed normal business, with the end of discount in the import price. Till a fortnight earlier, the prices…
Make your gold purchase count this Diwali, but no jewellery please!
Dhanteras and Diwali – India’s most eagerly-awaited festivals – are around the corner, giving us the opportunity to indulge in various pleasures such as sweets, shopping, socialising, gifting, and most…