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FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth/File Photo | Photo Credit: ANGELIKA WARMUTH After having been net sellers of gold in March, central banks turned net buyers of the precious metal in April, led by Poland…

Shamika Ravi, Member of the Economic Advisory Council to the Prime Minister (EAC-PM) India should expand gold monetisation beyond traditional gold loans and develop more financial instruments linked to the precious metal to reduce dependence on gold imports and ease pressure on foreign exchange reserves, according to Shamika Ravi, Member of the Economic Advisory Council…

Analysts said silver came under pressure as lingering uncertainty surrounding US-Iran peace talks pushed crude oil prices higher. Silver prices declined by ₹2,757 to ₹2.63 lakh per kilogram in futures trade on Wednesday, tracking losses in the overseas markets amid uncertainty over US-Iran negotiations and concerns over the Fed’s interest rate outlook. On the Multi…

The Reserve Bank of India has denied reports claiming it sold gold worth $12 billion, clarifying that there has been no change in its physical gold holdings, which remain at 880.52 tonnes Debunking reports of gold sale, the Reserve Bank of India on Wednesday said there is no change in the physical stock of gold,…

The report also highlights a sharp rise in the value of gold reserves due to higher global prices and rupee depreciation. India’s overall foreign exchange reserves remained strong at $691.11 billion, reinforcing the central bank’s stable reserve position. | Photo Credit: ANGELIKA WARMUTH Sources in the Finance Ministry on Wednesday denied media reports claiming that…

India has tightened restrictions on silver imports by adding grain and ​powder forms to the list of restricted categories and ‌mandating prior valid import authorisation, as the world’s ​biggest consumer of the metal tries to ⁠rein in shipments and ease pressure on the rupee. Imports of silver in the form of grains, powder, other ‌forms…

See also: | Photo Credit: scanrail Gold rose more than 1% on Tuesday, buoyed ​by lower US Treasury yields, while weaker oil ⁠prices eased fears of higher inflation and elevated interest rates. Spot gold rose 1% to $4,525.72 per ounce by 0900 GMT. US gold futures for ‌August delivery gained 1.1% to $4,556. Oil prices…

Silver prices climbed by Rs 5,054 to Rs 2.71 lakh per kilogram in futures trade on Tuesday, tracking strong gains in overseas markets as investors assessed developments in West Asia and awaited key US economic data. On the Multi Commodity Exchange, the white metal appreciated by Rs 5,054, or 1.9 per cent, to Rs 2,71,217…

Gold prices climbed nearly 1 per cent to Rs 1.60 lakh per 10 grams in futures trade on Tuesday amid renewed geopolitical uncertainty surrounding the US-Iran conflict. On the Multi Commodity Exchange, the yellow metal contract for August climbed by Rs 1,313, or 0.82 per cent, to Rs 1,60,554 per 10 grams in a business…

Gold prices retreated by ₹2,500 to ₹1.60 lakh per 10 grams in the national capital on Monday, tracking losses in global markets as renewed military exchanges between the US and Iran spiked crude oil rates. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity depreciated by ₹2,500, 1.53 per…