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…
Gold extended losses on Wednesday, touching its lowest in almost two weeks as the dollar climbed due to rising bets on U.S. interest rate hikes, while investors assessed conflicting signals on the U.S.-Iran peace talks. Spot gold fell 1.1% to $4,064.01 per ounce by 0431 GMT, having earlier hit its lowest since June 11. U.S….
Gold prices dropped by ₹3,000 to ₹1.49 lakh per 10 grams, while silver tanked by ₹10,500 to a more than two-month low in the national capital on Tuesday due to a stronger dollar in overseas markets. According to the All India Sarafa Association, gold of 99.9 per cent purity declined by ₹3,000, or 2 per…
The industry’s portfolio has more than tripled, expanding to ₹19.4 lakh crore by March 2026 from ₹6.3 lakh crore in March 2023 | Photo Credit: – Gold loans are rapidly emerging as one of India’s fastest-growing retail credit products, with sourcing surging 84 per cent year-on-year in FY26, outpacing all other segments, according to credit…
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…
Gold trading, gold bars with stock graph chart stock. Business and finance concept. 3d-rendering | Photo Credit: bl-online Administrator Inflows into physically-backed gold exchange-traded funds (ETFs) turned positive after five weeks of continuous exit last week, though there was a $2 exit for every $3 inflow, data from the World Gold Council (WGC) showed. According…
Precious metals staged a recovery in the national capital on Monday, with gold rising ₹1,700 to ₹1.52 lakh per 10 grams, while silver rebounded by ₹4,800, driven by gains in global markets and depreciation in the rupee. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity ended its four-day…
Gold on Monday rebounded from a more than one-week low hit in the last session, as oil prices fell after Iran cited progress in U.S.-Iran peace talks, though bets of higher interest rates after hawkish U.S. Federal Reserve signals weighed on the metal’s outlook. Spot gold was up 0.9 per cent at $4,197.41 per ounce,…
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…
Precious metals slipped over the last week. Gold ($4,155/ounce) and silver ($64.9/ounce) depreciated 1.5 and 4.6 per cent respectively. Similarly, in the domestic market, gold futures (₹1,47,203/10 gm) lost 2.2 per cent and silver futures (₹2,33,185/kg) was down 5.3 per cent. The charts show that there is scope for further decline in prices. Below is…
