SENSEX   34273.03    -27.44  (-0.08%)      SENSEX   31697.13    50.67  (0.16%)      |  Gold   30606.00    -136.00  (-0.44%)    |  Silver  38856.00   -221.00 (-0.57%)

Latest News:

Gold Bonds,

June gold imports spike as buyers tried to beat higher GST

Mumbai: Gold imports in June more than tripled from a year ago as retail demand jumped ahead of the start of a new sales tax that prompted jewellers and bullion dealers to replenish stocks, provisional data from consultancy GFMS showed.

June gold imp... Read More

Gold Bonds, trading, Finance Ministry

Gold Bond subscription opens Monday at Rs 2,780/gm

New Delhi: The Reserve Bank today fixed Rs 2,780 per gram the price of sovereign gold bonds, which will open for public subscription on Monday.

The price is lower than Rs 2,901 per gram for the last round of the scheme in April this year.

The nominal... Read More

gold shift

India’s gold demand up 15% to 123.5 tonne in Q1 2017: World Gold Council

Mumbai: Gold demand in India increased by 15 per cent during the first quarter of 2017 to 123.5 tonne, signalling a return of optimism in the industry, according to World Gold Council (WGC).

The total gold demand in the country stood at 107... Read More


Jewellers see 40% jump in sales on Akshaya Tritiya this year

Mumbai: Consumers on Friday flocked to buy gold and jewellery on Akshaya Tritiya, considered an auspicious day for purchasing valuables, with jewellers seeing 40% jump in sales over last year... Read More

seized gold

7th tranche of Sovereign Gold Bonds opens on Feb 27

New Delhi: The government will launch the 7th tranche of Sovereign Gold Bonds on Monday under which people will be able to buy securities worth up to 500 grams of the metal.

This would be the last offering for the current fiscal.

"Government of India... Read More

Jewellers strike

Buying jewellery over Rs.2 lakh cash to attract 1% TCS from April 1

New Delhi: Cash purchases of jewellery will attract 1 per cent TCS (tax collected at source) from April 1 if the amount exceeds Rs 2 lakh, as against the current threshold of Rs 5 lakh.

Once the Finance Bill 2017 is passed, jewellery will be treated ... Read More

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