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gold import

Notes Ban: Gold imports dip 48.49% to $1.96 bn in December

New Delhi: Gold imports dipped by 48.49 per cent to $1.96 billion in December on account of cash crunch in the system.

Gold imports were worth $3.80 billion in December last year, the official data released on Friday showed.

Imports of the precious m... Read More


Gold prices extend gains for 2nd day, silver declines

Mumbai: Divergent trend was noticed on the bullion market here today as gold prices moved up further for the second straight day on persistent demand coupled with higher global cues while silver declined on stockists offerings.

Gold prices firmed up ... Read More


No proposal to restrict gold holding by individuals

New Delhi: The government is not considering any proposal to restrict holding of gold by individuals, a top finance ministry source said on Friday.

Following the demonetisation of 500 and 1,000 rupee notes in a bid to crack down on black money, there... Read More


Bullion traders in Delhi keep shops shut for ninth day

New Delhi: Gold and jewellery establishments in the national capital remained shut for the ninth day
after the Income Tax Department on November 10 carried out surveys following reports of alleged profiteering and tax evasion by traders as governmen... Read More


Gold imports jump over 2-fold to $3.5 bn in October

New Delhi: Arresting the eight-month fall, gold imports more than doubled to USD 3.5 billion in October on account of high festival demand.

Gold imports had stood at USD 1.67 billion in October last year, official data released showed... Read More


Government’s Bank note ban to disrupt gold smuggling business

Mumbai: India's surprise move to abolish high-value bank notes has started to disrupt cash-based gold smuggling and should benefit official importers of the metal in the world's second biggest consumer, industry officials said.

A drop in smuggling wi... Read More

Gold Bonds, trading, Finance Ministry

Jewellery stocks sink 17% on big note ban measures

New Delhi: Jewellery stocks today took a sharp hit by plunging up to 17 per cent following the government's move to withdraw notes of higher denominations.

Shares of Tribhovandas Bhimji Zaveri were trading sharply lower by 16... Read More


Gold rallies to 5-week top with Trump, Clinton in tight race

Manila/Bengaluru: Gold jumped 3 percent to its highest in five weeks on Wednesday as early counting showed a close battle for the White House between Republican Donald Trump and Democrat Hillary Clinton, pushing investors toward safe havens.

With vot... Read More


Exchange-traded products continue to drive gold demand in the 3rd qtr of 2016

Mumbai: Global gold demand reached 993 tonnes (t) in the third quarter of 2016, a fall of 10% compared to the same period last year, according to the World Gold Council’s latest Gold Demand Trends report... Read More

gold import

Sovereign Gold Bonds: Govt to offer gold bonds at a discount of Rs 50/gm

New Delhi: In a bid to make Sovereign Gold Bonds (SGB) more attractive, the government has decided to offer a discount of Rs 50 per gram in the sixth tranche of the scheme which opens on Monday.

The issue price of the bond had been fixed at Rs 2,957 ... Read More