This season local prices are hovering above ₹1 lakh ($1,128) per 10 grams, discouraging consumers, who generally allocate a fixed budget | Photo Credit: ARUN SHARMA Gold jewellery sales in India are set to drop during the upcoming festival season, as record bullion prices push buyers toward less costly alternatives in one of the world’s…
Rows of gold and silver bars are staggered. 3d illustration | Photo Credit: Ravitaliy Gold prices climbed ₹171 to ₹1,12,800 per 10 grams in the domestic futures market on Friday despite a largely flat trend in the overseas market, while silver pulled back from its record peak and declined ₹400 to ₹1,36,656 per kilogram. On…
Gold prices eased by ₹125 to ₹1,12,430 per 10 grams in the domestic futures market on Thursday, tracking a flat trend overseas as traders stayed cautious ahead of key US inflation data. On the Multi Commodity Exchange (MCX), the yellow metal futures for October delivery fell ₹125 or 0.11 per cent to ₹1,12,430 per 10…
A gold pledging transaction in progress in Kochi. | Photo Credit: MAHESH HARILAL Some people find it quite tough in clearing their gold loans. This could well make them lose the pledged gold altogether. In this process, they lose the true value of their gold. Some gold buyers in the informal sector found a business…
The government believes the restrictions will create a level playing field for Indian jewellers, particularly small and medium enterprises, while also protecting the livelihood of workers in the industry. | Photo Credit: K.R Deepak / The Hindu The government on Wednesday imposed import restrictions on plain silver jewellery till March 31 next year, according to…
Gold prices surged ₹2,700 to scale a new peak of ₹1,18,900 per 10 grams in the national capital amid sustained global demand for the safe-haven asset while rupee touching a new low facing the brunt of US H-1B visa fee hike. According to the All India Sarafa Association, the yellow metal of 99.9 per cent…
India’s premium on physical gold delivery has increased to $7 an ounce from discounts earlier, as jewellery manufacturers and bullion traders have stepped up purchases on expectations of further rise in prices in coming days. The change in sentiment comes as the industry gears up for the busy festival season, including Dussehra and Dhanteras. Though…
Fed rate cut signals, inflation concerns, and weak rupee fuel record highs in bullion futures Gold prices breached the ₹1.11 lakh per 10 grams by jumping ₹799 in the domestic futures market on Monday tracking strong global cues as investors looked ahead to key US inflation data and comments from several Federal Reserve officials this…
Both digital gold and gold ETFs are relevant tools for today’s investors. Digital gold offers instant access, ease of use, and convertibility into tangible assets. Gold ETFs provide regulated backing and integration into broader financial planning. Gold has always held a prominent place in Indian portfolios, but how people invest in it is changing. What…
Highlights India dealers offer premium up to $7/oz this week China dealers offer discounts of $21-$36/oz Gold exports from Switzerland to China soared in August Physical gold premiums in India rose to a 10-month high this week as record prices near a festive season failed to deter investors from buying bullion in anticipation of further…
