Net holdings in physically-backed gold exchange-traded funds (ETFs) dropped by nearly 80 per cent between the start of the year and May 8, with outflows continuing for the third week in a row, data from the World Gold Council (WGC) showed. Asian investors are keeping overall investments positive, though more investors continue to exit ETFs….
Silver prices rose 0.27 per cent to ₹2.79 lakh per kg in futures trade on Tuesday amid the West Asia crisis. On the Multi Commodity Exchange, the white metal for July delivery increased by ₹751, or 0.27 per cent, to ₹2,79,062 per kg in a business turnover of 4,350 lots. Fresh positions built up by…
Gold prices fell ₹600 to ₹1.55 lakh per 10 grams in the national capital on Monday after US President Donald Trump rejected Tehran’s response to Washington’s peace proposal, raising fears of renewed conflict in West Asia and pushing crude oil rates higher. Additional pressure came from Prime Minister Narendra Modi’s appeal to defer non-essential gold…
Jewellers’ associations across the country are planning to approach the Prime Minister’s Office (PMO) to express concern over Prime Minister Narendra Modi’s remarks urging consumers to go slow on gold jewellery purchases over the next year in order to help reduce India’s import bill amid growing global uncertainty. Rajesh Rokde, chairman of the All India…
Titan Company CFO Ashok Sonthalia | Photo Credit: Nishant Ratnakar Gold is increasingly viewed by Indian consumers as an investment asset rather than merely an adornment category, Titan Company CFO Ashok Sonthalia said, even as elevated prices continue to reshape jewellery-buying behaviour across the country. In an interaction with businessline following the company’s Q4FY26 results,…
FILE PHOTO: A salesperson attends to a customer in a jewellery showroom | Photo Credit: SHAILESH ANDRADE Prime Minister Narendra Modi’s appeal to reduce buying gold jewellery could impact employment linked to the jewellery industry, which supports more than one crore people directly and several allied sectors indirectly, highlighted Rajesh Rokde, Chairman, All India Gem…
India has no plans to raise duties on gold and silver imports, a government source said on Monday, a day after Prime Minister Narendra Modi urged people to avoid buying gold for a year due to the impact of the Iran war. India is the world’s second-largest consumer of gold and the largest consumer of…
Silver prices rose 1.21 per cent to ₹2.56 lakh per kg in the futures trade on Monday, amid uncertainty over West Asia peace deal. On the Multi Commodity Exchange, the white metal for July delivery increased by ₹3,068, or 1.21 per cent, to ₹2,56,333 per kilogram in a business turnover of 2,150 lots. Fresh positions…
Gold prices on Monday dropped ₹462 to ₹1,52,068 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, gold contracts for the June delivery traded lower by ₹462, or 0.3 per cent, at ₹1,52,068 per 10 grams in a business turnover of 1,337 lots. Analysts attributed the fall…
Gold prices eased on Monday after last week’s rally as renewed tensions in West Asia, elevated crude oil prices, and a stronger dollar weighed on bullion sentiment, while analysts said Prime Minister Narendra Modi’s appeal to avoid non-essential gold purchases for a year may temporarily dent retail sentiment but is unlikely to alter India’s long-term…
