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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…

Gold prices swung between gains and losses on Wednesday, ​as concerns around inflation and higher interest rates ⁠rose after fresh US strikes on Iran lifted oil and the dollar ahead of the release of the Federal Reserve’s June meeting ‌minutes. Spot gold rose 0.5% to $4,125.59 per ounce by 0305 GMT, after dropping to its…

Silver premiums over official domestic prices surged to $6.5 per ounce this week, or more than 10% above benchmark prices, compared with discounts of as ​much as $5.5 an ounce in ‌May, dealers said. | Photo Credit: istock.com India’s restrictions on ‌silver imports have created shortages in the world’s biggest market ​for the precious metal,…

Gold prices fell in the overseas trade as investors remained cautious ahead of the release of the US Federal Reserve’s June meeting minutes. Gold futures slumped by ₹2,308 to ₹1.43 lakh per 10 grams on Wednesday, tracking losses in global markets as a rally in crude oil rates dented the appeal of the precious metal…

US gold ‌futures ⁠for August delivery shed 1.97% to $4,074.80/oz. Gold prices fell more ​than 1 per cent on Wednesday after US President ⁠Donald Trump said an interim peace deal with Iran was “over”, sending oil prices higher and stoking fears of inflation and higher US ‌interest rates. Spot gold fell 1.02 per cent to…

Globally, gold futures rose by 0.42 per cent to $4,123.61 per ounce in New York. | Photo Credit: istock.com Gold prices on Wednesday dropped by ₹481 to ₹1,44,911 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 ₹481,…