Gold drops below $5,000 an ounce on profit-booking
Many banks expect gold to resume its upward trend. | Photo Credit: la2na Gold dipped…
The golden trade is not yet crowded
Till recently every geopolitical scare, dollar wobble and equity-market stumble pushed gold higher, taking it to record highs of $5,417 an ounce and ₹1.75 lakh per 10 gm by end-January. The subsequent correction — about 11 per cent in dollar terms and 14 per cent in rupee terms — has not materially altered the long-term…
Akshaya Tritiya sees shift to digital gold, ETFs amid high prices
As Akshaya Tritiya approaches, investors are increasingly turning to modern gold investment options such as ETFs, digital gold and derivatives alongside traditional physical buying. | Photo Credit: iStockphoto Flexible and transparent gold investment options are likely to remain popular alongside physical buying on this Akshaya Tritiya, to be celebrated on Sunday, as investors show a…
India needs a UPI moment for gold
FILE PHOTO: Gold bangles are displayed at a jewellery store in Mumbai, India, March 20, 2025. REUTERS/Francis Mascarenhas/File Photo | Photo Credit: FRANCIS MASCARENHAS Every Akshaya Tritiya, India does what it has done for generations: it buys gold. Families see it as prosperity, continuity and security. That instinct is deeply cultural. But in 2026, it…
Rupee rises 29 paise to settle at 92.85 against U.S. dollar
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee appreciated by 29 paise to settle at 92.85 (provisional) against the U.S. dollar on Friday (April 17, 2026), buoyed by a weakening American currency and retreating crude oil prices amid increasing hopes of easing geopolitical tensions. Renewed buying in domestic equity markets…
Gold rates slip again; check rates in Chennai, Ahmedabad, Mumbai, Kolkata, Bengaluru, Delhi
FILE PHOTO: Gold bangles are displayed at a jewellery store in Mumbai, India. | Photo Credit: FRANCIS MASCARENHAS Gold prices in India saw a decrease in all key cities today, April 17, excepting in Chennai and Hyderabad. The price for 8 grams of 24-carat gold also dropped in all cities compared with the previous session….
Govt allows 15 banks to import gold, silver until March 2029
The Indian government has permitted 15 top banks, including the State Bank of India, HDFC Bank, Bank of India and others to import gold and silver from April 1, 2026 to March 31, 2029, a government notification said on Friday. This is a developing story. Published on April 17, 2026
Jefferies says gold enters consolidation phase after retail-driven frenzy buying this year
Global investment firm Jefferies in its latest report said that gold has entered a consolidation phase following a strong retail-driven buying surge seen late last year and early this year across key markets including India, China and the United States. The report noted that the earlier rally in gold demand, particularly from retail investors, has…
Elevated prices curb gold demand ahead of Akshaya Tritiya
Gold demand in India was modest this week, as high domestic prices weighed on retail purchases ahead of the key Akshaya Tritiya festival weekend, while premiums in China held steady. Dealers quoted discounts of up to $4 an ounce and though some quoted premiums of $14 an ounce over official domestic prices this week helped…
Stock markets trade higher in early trade
From the 30-Sensex firms, ITC, Adani Ports, Maruti, Trent, Power Grid and Hindustan Unilever were among the major winners. File photo for representational purposes only. | Photo Credit: Reuters Benchmark indices Sensex and Nifty were trading in positive territory in early trade on Friday (April 17, 2026), supported by optimism around easing geopolitical tensions and…
Indian banks halt gold, silver imports amid delay in government clearance, sources say
Indian banks have halted gold and silver import orders from overseas suppliers, with tonne of the metals stuck at customs as a formal government order has not been issued authorising bullion imports, trade sources said. Without fresh imports, India could face supply shortages, as the world’s second-largest gold consumer and biggest silver buyer relies on…
