Digirupe

In the international markets, spot gold slipped by $17.57, or 0.43%, to $4,106.25 per ounce and silver fell nearly 1% to $59.54 per ounce. Gold prices edged up by ₹400 to ₹1,48,500 per 10 grams in the national capital on Friday, while silver jumped ₹5,000, as value buying by traders and a weak US dollar…

Gold prices on Friday dropped by Rs 630 to Rs 1,44,670 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, yellow metal contracts for August delivery traded lower by Rs 630, or 0.43 per cent, at Rs 1,44,670 per 10 grams in a business turnover of 975…

Silver prices on Friday fell ₹1,934 to ₹2,24,443 per kilogram in futures trade as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for September delivery declined by ₹1,934, or 0.85 per cent, to ₹2,24,443 per kg in a business turnover of 2,345 lots. Analysts said a sell-off by participants mainly weighed on…

Gold ​traded at a wide discount in India this ⁠week as price volatility weighed, while demand in China remained steady with the country’s central bank reporting its largest monthly increase in gold ‌reserves in more than 2-1/2 years in June. International spot gold prices slipped to a two-week low, retreating from ‌an over 2 per…

Gold ‌prices edged higher on Friday as the dollar softened, ​but were on track for a weekly decline ⁠on concerns that escalating US-Iran tensions could fuel inflation and keep the US Federal Reserve on a hawkish monetary policy path. Spot gold was up 0.2% ‌at $4,128.92 per ounce, as of 0303 GMT, and headed for…

Gold futures rebounded by ₹1,038 to ₹1.44 lakh per 10 grams on Thursday after opening lower in domestic markets as value buying aided the rally, ending a three-session decline despite escalating tensions in West Asia. On the Multi Commodity Exchange, gold futures for August delivery appreciated by ₹1,038, or 0.72 per cent, to ₹1,44,749 per…

The Gold and Silver Merchants Association has urged the Centre to address tax-related concerns under the proposed Gold Monetization Scheme (GMS) 2.0, considering fears among families of possible Income Tax scrutiny over inherited gold that lacks purchase bills or supporting documents. The government should provide clear legal protection and assurance for such cases, besides introducing…

GJEPC expects the deal to reshape the trade by improving the price competitiveness of Indian products across categories, including diamond jewellery, coloured gemstone jewellery, silver jewellery and lab-grown diamond jewellery | Photo Credit: FRANCIS MASCARENHAS With the implementation of India–UK Free Trade Agreement (FTA) from July 15, the Gem and Jewellery Export Promotion Council (GJEPC)…

Inflows, which were $12.36 billion in the first quarter, were a negative $4.27 billion in the second quarter as gold assets under management dropped to $526.3 billion from $607.1 billion during the period.  | Photo Credit: istock.com Investments in physically-backed gold exchange-traded funds (ETFs) turned negative in the second quarter this year, with over 50…

Gold fell on Thursday, hovering ​near a one-week low set in the previous ⁠session, as renewed U.S.-Iran hostilities lifted oil prices and reignited concerns about inflation and higher-for-longer interest rates. Spot gold fell 0.4% to $4,060.46 per ‌ounce by 0343 GMT, after dropping to its lowest since July 1 on Wednesday. U.S. gold futures ‌for…