Gold bangles are displayed at a jewellery store in Mumbai | Photo Credit: FRANCIS MASCARENHAS In view of the feedback received after public consultations, the Reserve Bank of India (RBI) has relaxed certain aspects of the earlier draft guidelines on gold loans in the final norms. The regulator said lenders must now maintain 85 per…
The cultural and traditional significance of gold and silver, as well as its allure as a safe-haven asset play a pivotal role in consumer demand and shaping investment strategies. The age-old practice of purchasing these precious metals sees a boost during festive and wedding seasons, as they represent prosperity, success, and good fortune. But beyond…
For centuries, gold jewellery has been a symbol of prosperity, tradition, and familial legacy across Indian households. India’s deep-rooted cultural affinity for gold is globally recognised. For centuries, gold jewellery has been a symbol of prosperity, tradition, and familial legacy across Indian households. However, in recent years, we are witnessing a discernible shift: the conventional…
As geopolitical tensions continue to reshape the global economic order, India finds itself at a crucial juncture in re-evaluating its strategic resources, particularly its bullion policies. With its historical dependence on gold imports and a deeply entrenched cultural affinity for the yellow metal, India must consider the lessons emerging from its long-standing tensions with Pakistan…
FILE PHOTO: FILE PHOTO: Gold bangles are displayed at a jewellery store in Mumbai, India, March 20, 2025. REUTERS/Francis Mascarenhas/File Photo/File Photo | Photo Credit: FRANCIS MASCARENHAS Gold prices in India saw a decrease today across all cities. The price for 8 grams of 24-carat gold also dropped in all cities compared to yesterday. Below…
Keyur Shah, CEO of Muthoot Exim Private Limited Muthoot Exim Private Ltd has tasted success buying back old gold from customers and recycling it. Its Gold Point retail outlet, which buys back gold, has expanded to 50 centres currently. “We bring it (old gold) to Mumbai and send it to refineries where it is refined…
Gold prices soared to a new high in the Indian domestic market on Friday, both in spot and futures, as investors sought safe haven amidst escalating geopolitical tensions, particularly due to Israel-Iran standoff. In the domestic spot market, gold prices rallied by ₹1,603 per 10 grams or two per cent on Friday to Rs 99,058….
Gold prices rose to a near two-month high on Friday, driven by safe-haven demand as geopolitical tensions escalated in the Middle East following Israel’s widescale strikes on Iran. Spot gold was up 1 per cent at $3,417.59 an ounce, as of 0803 GMT, after hitting its highest point since April 22 earlier in the session….
Today’s Gold Rate in India, June 13, 2025 | Photo Credit: FRANCIS MASCARENHAS 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 India:…
Gold prices rose on Monday, nearing a two-month high as investors sought refuge in safe-haven assets after intensified clashes between Israel and Iran stoked fears of a broader regional conflict. FUNDAMENTALS Spot gold gained 0.4 per cent to $3,447.07 an ounce, as of 0021 GMT, after hitting its highest level since April 22 earlier in…
