Post Diwali! Fresh Restrictions On Gold Imports On The Anvil?

Subdued trend in the international bullion markets, coupled with anticipated heavy demand back home during the festive season has led to an exceptional five-fold jump in Gold imports during the month of September 2014. According to official data, India imported $ 3.75 billion of Gold in September 2014 – this is 5.5 times more than $ 682.50 million worth of…

Is August The Golden Month For Gold?

‘Gold Is Gold, Never To Be Sold’. And truly, since ages Gold has been one commodity which has managed to beat inflation and give higher returns apart from the usability quotient. Gold as we all known holds a lot of traditional, religious and also some prestige-related values in India. People buy or gift Gold during ceremonies or as an auspicious…

Gold Prices Down 2.2% in India in H1-2014, While up 3.2% in the US

As the curtains were drawn on the first half of the calendar year 2014, a flashback to the Gold prices reveals a divergent trend between the prices in India and United States (US). For the records, the MCX Gold futures (Indian Gold Prices) for 24 karat Gold have declined by 2.2 per cent (Rs 646) to Rs 27,776 in the…

Today Gold Price in India is at 10-month Low

Significant back-to-back losses in the last four weeks in the back-drop of subdued trend in the international Gold prices and some cheer factor for the jewellery makers back home have pulled down Gold prices to 10-month lows. The Indian government recently eased the import norms for Gold by allowing more players – like trading houses, co-operative banks and other nominated…

Jewellery Makers, Retailers Cheer RBI Move on Gold Imports

Indian retailers and jewellery makers have a reason to cheer, as easing Gold prices are likely to bring lot of relief to upcoming heavier expenses during this wedding season in India. The Reserve Bank of India timing on removing the import curbs and allowing new players to import Gold under the 20:80 scheme could not be timed better. As per…

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