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ED flags irregularities in Rajesh Exports FEMA compliance and foreign transactions probe 01
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Andhra Pradesh CM Naidu inaugurates India’s first private gold mine in Jonnagiri
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Gold slips to two-week low as Fed rate-hike bets buoy dollar
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Gold declines ₹3,000, silver tanks by ₹10,500 in Delhi amid dollar rally

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ED flags irregularities in Rajesh Exports FEMA compliance and foreign transactions probe
Andhra Pradesh CM Naidu inaugurates India’s first private gold mine in Jonnagiri
Gold slips to two-week low as Fed rate-hike bets buoy dollar
Gold declines ₹3,000, silver tanks by ₹10,500 in Delhi amid dollar rally

ED flags irregularities in Rajesh Exports FEMA compliance and foreign transactions probe

The probe further highlighted unusually low remuneration to top executives despite high revenues, and a reported 40% mismatch in stock records during physical verification. The Enforcement Directorate on Wednesday alleged that gold refining and jewellery manufacturing company Rajesh Exports’ key business indicators showed “significant” departures from normal commercial practices, in addition to the non-availability of…

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Andhra Pradesh CM Naidu inaugurates India’s first private gold mine in Jonnagiri

Andhra Pradesh Chief Minister N Chandrababu Naidu Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday inaugurated the country’s first private gold mine and gold processing unit, set up by Geomysore Services at Jonnagiri in Kurnool district. Addressing the gathering, Naidu said Geomysore Services had invested ₹405 crore in the project. The unit is expected…

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Sky Gold targets 3x jump in jewellery output, eyes 5% share of India’s manufacturing

B2B jewellery manufacturer Sky Gold & Diamonds is aiming to almost triple its manufacturing output over the next few years as it looks to become India’s largest jewellery contract manufacturer, betting on continued expansion by organised retailers and rising export opportunities. The company currently manufactures around 700 kg of jewellery every month, or about 8-9…

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US-Iran talks, crude oil movement, macro data to dictate bullion trend next week: Analysts

Developments surrounding US-Iran negotiations, movement in crude oil prices and key global economic data are expected to steer gold and silver prices next week, analysts said. The focus will squarely be on talks scheduled in Burgenstock, Switzerland, where US Vice President J D Vance is expected to lead discussions with Iranian officials to build on…

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