The share of gold held by the Reserve Bank of India in its foreign exchange reserves has doubled in the last four years as on March-end, a report by the RBI showed on Monday. In dollar value terms, the share of gold in the total foreign exchange reserves increased to about 11.70 per cent by…
The Reserve Bank of India added more gold in its reserves in FY25 vs FY24, with the quantity of the yellow metal it bought more than doubling to 57.49 tonnes from 27.46 mt, per RBI’s Half Yearly Report on Management of Foreign Exchange (FX) Reserves. Simultaneously, the share of gold in value terms in forex…
The growth in gold loans of banks reached an all time high in the financial year 2024-25. According to the latest data of Reserve Bank of India the gold loan portfolio of scheduled commercial banks increased 87.4 percent in the April 2024 and February 2025 period of the last financial year as against 15.4 percent…
Jewellery retailers in India are reporting a significant surge in old gold exchanges, driven by record-high gold prices. | Photo Credit: PAUL NORONHA With gold prices hovering above ₹95,000 per 10 grams and rising steadily over the past year, many consumers are opting to recycle or exchange their old jewellery rather than buy new. For…
Gold prices up across India | Photo Credit: DHIRAJ SINGH 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: The gold prices…
Element Six, De Beers Group’s subsidiary will focus on industrial solutions using synthetic diamonds | Photo Credit: REUTERS De Beers Group plans to exit lab-grown diamond (LGD) jewellery business and is in talks to sell certain assets, including inventory under Lightbox brand, with potential buyers. Established in 2018, Lightbox was launched with transparent linear pricing…
Gold ($3,325/ounce) was up 2.6 per cent whereas silver ($32.70/ounce) gained 2.2 per cent last week. Similarly, in the domestic market, gold futures (₹96,518/10 gm) appreciated 4.2 per cent and silver futures (₹96,729/kg) went up by 2.8 per cent. MCX-Gold (₹96,518) Gold futures (June) rebounded last week, thereby making a higher low. However, it failed…
Gold prices in India today slid by over ₹ 200 | Photo Credit: KVS GIRI Gold prices in India saw decrease today across all cities. The price for 8 grams of 24-carat gold also dropped in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in…
Gold rates drop by around ₹ 120 in India | Photo Credit: FRANCIS MASCARENHAS Gold prices in India saw decrease today across all cities. The price for 8 grams of 24-carat gold also dropped in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in India:…
After a prolonged rally, gold prices slipped by ₹485 per 10 gram on Wednesday to ₹93,859 against ₹94,344 in line with the global market trend. The demand has remained lacklustre for the last few months due to the volatile price trend. Gold prices have rallied from ₹98,102 per 10 gram on April 15 to ₹98,484…
