Gold prices rose ₹300 to ₹1,01,570 per 10 grams in the national capital on Thursday as investors turned to the safe-haven asset amid rising concerns over the independence of the US Federal Reserve following President Donald Trump’s threats to fire Fed Governor Lisa Cook. Besides, traders said that a weaker US dollar, expectations of a…
As the 50 per cent US tariffs on the Indian imports came into effect on Wednesday, the stakeholders of the diamond industry in Surat believe that the market will be affected due to US’ decision only for a short period of time as India controls 90% of diamond production. Jagdish Khunt, who is the President…
The All Kerala Gold & Silver Merchants Association has requested the Union Finance Ministry to enable EMI facility for gold jewellery purchase. This would empower middle-income households to plan their purchases and boost overall retail growth. they stated. Gold has become increasingly inaccessible due to price surge as the rates have increased by over ₹35,000…
Analysts said bullion’s rally reflects global uncertainty after US President Donald Trump’s unprecedented dismissal of Federal Reserve Governor Lisa Cook, which raised concerns over the Fed’s independence. | Photo Credit: iStockphoto Silver prices surged by Rs 2,000 to hit a fresh peak of Rs 1,20,000 per kilogram in the national capital on Wednesday, as traders…
As the 50 per cent US tariffs on the Indian imports came into effect on Wednesday, the stakeholders of the diamond industry in Surat believe that the market will be affected due to US’ decision only for a short period of time as India controls 90% of diamond production. Jagdish Khunt, who is the President…
Gold prices rose across Indian cities on August 26 | Photo Credit: AMIT DAVE Gold prices in India saw an increase today across all cities. The price for 8 grams of 24-carat gold also rose in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in…
In a bid to ease the burden, the Central government has revised the duty drawback rates on gold, silver and platinum jewellery | Photo Credit: AMIT DAVE The gem and jewellery industry plans to tap alternative markets in West Asia, the UK and Europe more aggressively with the US giving effect to the unsustainable 50…
Gold prices are likely to remain in a consolidation phase in the near term, but the overall bias will continue to stay positive amid heightened expectations of a US Federal Reserve rate cut in its September policy meeting, analysts said. Traders will closely track US macroeconomic data, such as Q2 GDP, PCE inflation, and speeches…
Investors in sovereign gold bonds have more than doubled their investments as the yellow metal has been hitting new highs in the last few months. RBI has announced a schedule for premature redemption for 28 SGBs till March 26. These bonds were issued between May 2018 and March 2021. While SGBs are issued for eight…
The All Kerala Gold and Silver Merchants’ Association has sought reduction of GST on gold ornaments from 3 per cent to 1 per cent with immediate effect, or through a phased approach, to ensure affordability, stimulate demand, and protect the interest of small traders and artisans. When GST was introduced in 2017, the average price…
