Indian gold price discount trebles on slack jewellery demand
Consumers are exchanging their old jewellery for new ones or using it as collateral, says…
Stack of gold bars. | Photo Credit: DigitalVision Investments in physically backed gold exchange-traded funds (ETFs) continued to be positive for the third week in a row last week. With gold prices gaining over 6 per cent in the week, exits made up $3 for every $10 investments, data from the World Gold Council (WGC)…
In a written reply to a question in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said the government has collected Rs 10,040 crore as customs duty on gold between May 13 and August 2. | Photo Credit: istock.com The government has collected Rs 10,463 crore as customs duty on gold, silver and…
In a written reply to a question in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said the government has collected Rs 10,040 crore as customs duty on gold between May 13 and August 2. | Photo Credit: istock.com The government has collected Rs 10,463 crore as customs duty on gold, silver and…
Gold prices in India fell today across all cities. Below is a detailed breakdown of gold prices in key cities. Gold rates in India: Gold prices in India today were ₹13,980 for 1 gram of 22-carat gold (down by ₹35) and ₹1,11,840 for 8 grams of 22-carat gold (down by ₹280). Gold Rate in Mumbai:…
Gold’s traditional relationship with geopolitical conflicts is changing, with inflation, interest rates and monetary policy emerging more important drivers of bullion prices, according to a report. In its H1 2026 Precious Metals Report, Motilal Oswal Financial Services Ltd (MOFSL) said the first half of the year showed that geopolitical risks alone may not be enough…
Globally, gold futures declined 0.16 per cent to $4,334.53 per ounce in New York. | Photo Credit: istock.com Gold prices on Monday rose by Rs 455 to Rs 1.52 lakh per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, the yellow metal contracts…
Silver prices rose 1.09 per cent to ₹2.33 lakh per kg in the futures trade on Monday amid a firm global trend. On the Multi Commodity Exchange, the white metal for September delivery increased by ₹2,514, or 1.09 per cent, to ₹2,33,980 per kilogram in a business turnover of 1,496 lots. Fresh positions built up…
Spot gold was down 0.3% at $4,330.46 per ounce, as of 0443 GMT. | Photo Credit: iStockphoto Gold slipped on Monday as investors took profits after prices hit a seven-week high in the previous session, while markets looked to US inflation data for fresh clues on the Federal Reserve’s interest rate path. Spot gold was…
The Bureau of Indian Standards (BIS) is preparing to scale up testing of silver jewellery as demand shifts from gold amid a spike in prices, a senior BIS official said, adding that referral and assay laboratories for silver will expand nationally within two years. Silver hallmarking has been voluntary since 2005, and from September 2025…
Precious metals witnessed a considerable rally last week. Gold ($4,342/ounce) and silver ($63.90/ounce) surged 7.3 per cent and 10.3 per cent, respectively. Similarly, in the domestic market, gold futures (₹1,51,820/10 gm) was up 5.9 per cent and silver futures (₹2,31,466/kg) gained 6.6 per cent. Below is an analysis. MCX-Gold (₹1,51,820) Gold futures (Oct), which saw…