SENSEX   31113.93    85.72  (0.28%)       |  NIFTY   9607.45    12.35  (0.13%)  |  Gold   28932.00    44.00  (0.15%)    |  Silver  40800.00   239.00 (0.59%)

Latest News:

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

Muthoot_gold

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

Muthoot_gold

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

Muthoot_gold

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

Muthoot_gold

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-import

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

Muthoot_gold

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

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