Gold extends gains as rate-hike bets ease ahead of Fed verdict
Gold gained for a fifth consecutive session on Wednesday as optimism over a U.S.-Iran peace…
Regal Jewellers to launch first showroom in Chennai, names Vijay Sethupathi, Simran as brand ambassadors
The Chennai showroom marks the first step in Regal Jewellers’ ambitious expansion plans for Tamil Nadu, with Puducherry set to follow. | Photo Credit: BHAWIKA CHHABRA Regal Jewellers, a leading jewellery manufacturers and wholesalers, will enter the Tamil Nadu market with the launch of its first showroom in Chennai on July 31. Bringing its 48-year…
Gold Rate Today July 24: Check latest Gold prices in Mumbai, Ahmedabad, Chennai Delhi, Bengaluru, Hyderabad, Kolkata & Other Cities
Gold prices in India fell today across all cities. The price for 8 grams of 24-carat gold also decreased in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in India: Gold prices in India today were ₹13,280 for 1 gram of 22-carat gold (down by…
Gold softens on prospects of Fed rate hikes as Brent tops $100
Gold extended losses on Friday after falling 2% in the previous session, as Brent crude’s move back above $100 a barrel stoked inflation concerns and strengthened the case for higher interest rates ahead of a Federal Reserve policy meeting next week. Spot gold eased 0.4% to $4,030.09 per ounce by 0333 GMT, with prices down…
Gold price drops ₹400/10g, silver falls ₹300/kg as crude oil rates surge
In the international markets, spot gold fell $38.92, or 1%, to $4,091.17 per ounce and silver dropped nearly 2% to $58.65 per ounce. Gold prices fell ₹400 to ₹1,49,200 per 10 grams in the national capital on Thursday, tracking weak trends in global markets amid surging crude oil rates. The yellow metal of 99.9 per…
Gold off two-week peak as oil advances; Fed meeting in focus
Gold held steady on Thursday, pulling back from two-week highs hit in the previous session, as an escalating West Asia conflict drove oil prices higher, while traders shifted focus to next week’s Federal Reserve meeting for clues on the timing of potential interest rate hikes. Spot gold was little changed at $4,132.01 per ounce as…
Silver imports slump as new licensing disrupts shipments
Silver imports into India have slowed sharply as a new licensing regime disrupted shipments, pushing local premiums to a multi-month high. Most banks have yet to secure the permits needed to import the white metal and remain awaiting government approval, according to people familiar with the matter, who asked not to be identified because they…
Gold climbs to two-week high as investors watch West Asia conflict
Gold climbed to a two-week high on Wednesday, supported by technical buying and safe-haven demand, as investors monitored diplomatic efforts to moderate the Middle East conflict and braced for next week’s U.S. Federal Reserve meeting for clues on the interest-rate outlook. Spot gold rose 1.1% to $4,121.90 per ounce by 1200 GMT, having hit its…
India’s gem and jewellery exports rise 26.5% in June as gold jewellery demand strengthens
GJEPC said the June rebound signals the sector’s resilience, with the India-UK CETA, market diversification and improving competitiveness expected to support exports in the coming months, even as a GST-related issue on gold imports continues to affect exporters. | Photo Credit: ARUN SHARMA New Delhi India’s gem and jewellery exports rebounded sharply in June, with…
Gold, silver smuggling surges after Indian govt more than doubles import duty
The Indian government’s decision to increase the import duty on gold and silver has probably led to increased smuggling, with data showing a manifold jump in seizures of smuggled consignments of the precious metals. On May 13, the Government more than doubled the Customs duty on gold and silver to 15 per cent from 6…
1 in 5 Gold loan borrowers have NPAs on other credit lines: TransUnion CIBIL CEO
The credit landscape in the country is transforming with the profile of borrowers, the loans that they prefer and the lenders catering to them undergoing a shift in recent years. In this chat with businessline, Bhavesh Jain, MD & CEO, TransUnion CIBIL, gives us insights into the evolving trends in various loan products. What is…
