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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…

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…

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…

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…

Gold rose on dip-buying as traders monitored developments in the Middle East for clues on the energy price impact on inflation. Bullion rose as much as 1.5 per cent to trade around $4,068 an ounce, the most in more than two weeks. Oil edged down after two days of gains, even after US forces launched…

On Monday, the yellow metal was quoted at $4,007.3 at 1815 hours IST. | Photo Credit: MicroStockHub Every dollar inflow into physically backed gold exchange-traded funds (ETFs) was matched by a similar outflow last week, with the US and Japan leading investors’ exits, data from the World Gold Council (WGC) showed. While inflows into the…

Notwithstanding the recent correction in gold prices, investors in Sovereign Gold Bonds (SGBs) are still sitting on gains of 34-44 per cent over the past year. Though the government has stopped fresh issuances, around 45 SGBs, maturing up to February 2032, continue to be traded on exchange platforms. These bonds carry an annual coupon of…

Gold prices on Monday increased by ₹294 to ₹1,41,200 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, the yellow metal contract for August delivery traded higher by Rs 294, or 0.21 per cent, at Rs 1,41,200 per 10 grams in a business…

Elevated oil prices can stoke inflation fears and bets of higher-for-longer interest rates. While gold is typically ‌seen as an inflation hedge, high interest rates increase the opportunity cost of holding the non-yielding asset. | Photo Credit: istock.com Gold prices dipped on ​Monday as an escalation in the Middle East war ⁠pushed Brent crude above…

Gold and silver are expected to remain on the back foot in the next week as traders assess the impact of the escalating West Asia conflict, firm crude oil prices and key global macroeconomic data releases, analysts said. Investors will also closely watch a busy calendar of key numbers, including US weekly jobless claims and…