The jewellery industry has come together to implement a ‘one nation, one rate’ (ONOR) policy for gold across States to bring in much-needed transparency in the yellow metal sales. The Indian Jewellers and Bullion Association of India and All India Gem and Jewellery Domestic Council are in discussion with various stakeholders of the industry and a…
Gold prices is all set to hit $3,000 per ounce due to significant expansion in financial flows, according to Citi report. The weakening US labour market, disinflation and a soft June CPI print are expected to strengthen the Federal Reserve’s dovish pivot at the upcoming July FOMC meeting. This could lead to bullish effects for…
Gold prices dipped on Monday as the dollar held firm, while investors awaited comments from Federal Reserve officials and economic data for further cues on US interest rate trajectory. Spot gold eased 0.1 per cent at $2,409.54 per ounce, as of 0250 GMT. US gold futures fell 0.2 per cent at $2,414.70. Also read: Bullion…
Augmont – Gold For All, one of India’s largest fully integrated gold-tech companies, has become the preferred partner for fintech players offering digital gold services. Augmont operations encompass everything from refining to retailing. A company statement said Augmont is now partnering with Fello, Navi, Gullak, Muthoot, Kreditbee, Multipl, and Fampay leveraging its expertise to empower…
Precious metals had a glittering week. Gold appreciated 2.8 per cent, whereas silver rose 7.1 per cent to end the week at $2,392 and $31.2 per ounce respectively. The positive trend was seen in the domestic market too. MCX gold futures (₹73,051 per 10 gram) rallied 2.1 per cent, whereas MCX silver futures (₹93,554 per…
Lab-grown diamonds have tremendous prospects, particularly when myths surrounding them are dispelled and chances of getting beautiful jewelleries are explained, says Lisa Mukhedkar, Founder and CEO, Aukera Jewellery. “Once you are able to dispel some myths (of lab-grown diamonds), tell people that they are real, graded as diamonds and certified, they will be accepted. There…
Blame it on Israel’s war declared against Hamas and global economic uncertainty.; Domestic spot gold prices have zoomed by ₹4,150 per 10 grams this month to ₹60,825 on Friday from ₹56,675 on October 3. Gold has been rising steadily from a low of ₹56,539 on October 6 and touched a high of ₹60,984 on Thursday,…
Gold gained for the third week in a row, whereas silver remains below a barrier. In terms of dollars, gold was up 1.3 per cent last week, whereas silver lost 1.3 per cent as they closed at $2,006.4 and $23.1 per ounce respectively. Similarly, on the MCX, gold futures gained 0.7 per cent, but silver…
Gold demand in the September quarter was up 10 per cent at 210 tonnes against 192 tonnes in the same period last year, largely driven by investment demand. Jewellery demand was up 7 per cent at 156 tonnes (146 tonnes) and investments increased 20 per cent to 54 tonnes (45 tonnes). Demand for bars and…
The precious metals saw a diverging performance – gold declined, whereas silver gained. In terms of dollars, gold lost 0.7 per cent as it ended at $1,992 per ounce and silver gained 0.4 per cent as it closed at $23.3 an ounce. Similarly, on the MCX, gold futures dropped 0.2 per cent and silver futures…
