Gold prices dropped nearly two per cent in the global market on Monday after US President Donald Trump said the precious metal will not attract 39 per cent tariff as feared earlier. In a social media post, Trump said: “Gold will not be tariffed”. This dragged gold below $3,400 an ounce on COMEX, with prices…
Gold prices nudged higher on Tuesday, after a sharp decline in the previous session, as investors looked forward to US inflation data that could offer further insight into the Federal Reserve’s rate-cut trajectory. Spot gold was up 0.2 per cent at $3,350.03 per ounce, as of 0146 GMT. US gold futures for December delivery were…
When the GST was implemented, gold price was ₹20,000 per piece and is now hovering above ₹75,000. The huge increase in the price of gold has made it a big burden for consumers to have to pay a tax of ₹2,500 to purchase gold ornaments. The All Kerala Gold & Silver Merchants Association has reiterated…
Gold prices are likely to extend gains in the coming week, as macroeconomic uncertainty, tariff disputes and central bank buying continue to underpin investor appetite for the precious metal, according to analysts. Traders will closely monitor a series of key macroeconomic data releases from major economies, including the UK and EU GDP, the US Core…
Shift from traditional jewellery to digital gold is driven by rise of tech-savvy investors, affordability, security and convenience. Fractional ownership helps smaller investors with a transparent way to buy, sell and store gold. The digital transformation has integrated advanced technologies in inventory management, customer engagement and jewellery operations. Hallmark security certifications with superior quality products…
India, historically known as Sone Ki Chidiya (the Golden Bird), continues to have a deep cultural and economic connection with gold. The bullion and jewellery sector remains one of the economy’s strongest pillars, contributing ~7.5 per cent to GDP and supporting over 5 million livelihoods (Ministry of Commerce & Industry; IBEF). As the nation enters…
India and Japan lifted investments into gold ETFs (exchange-traded funds) in July, along with North America and Europe. Overall, global ETFs witnessed inflows to the tune of $3.2 billion in July, data from the World Gold Council (WGC) showed. July witnessed inflows into gold ETFs in Asia at $93 million, despite an outflow in China….
Gold bars, weighing about 400 troy ounces and looking like bricks, are regularly sent from London to Switzerland. There, it is converted into a kg gold bar (of smartphone sizes) to be sent to the US markets. This is because the one-kg gold bars are the bread and butter of the Commodity Exchange (Comex) in…
India will become the largest jewellery market in the world from 2026, surpassing the US, says Ankur Daga, Founder and CEO of Angara, a family-owned, D2C fine jewellery brand. “Right now, the US and India are at $85 billion each (jewellery market). India is growing a lot faster, except for these last two months (June…
India is the top global exporter of diamonds and the largest consumer of gold. | Photo Credit: ARKO DATTA Exports of Indian natural polished diamonds to the US – contributing 35 per cent of total exports in fiscal 2025 – is set to face further headwinds following the tariffs and penalty announced by the US,…
