Ketan Kothari, Director, Augmont Goldtech Private Ltd Augmont Goldtech Private Ltd, India’s integrated platform for gold, is working closely with the government to identify how gold idling in households can be recycled and channelised in a way to reduce imports of the precious metal, the company’s director Ketan Kothari has said. “We are working on…
Gold prices in India | 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: The gold prices in…
For consumers, it brings greater transparency and ensures that purchasing decisions are based on a clear understanding of a diamond’s origin and characteristics, said Bhansali. | Photo Credit: sorawat_c The Gemological Institute of America, the world leader in diamond grading, will not use its internationally recognised 4Cs (cut, colour, clarity, and carat weight) grading system…
Central banks across the world bought 12 tonnes of gold net in April based on reported data. It was 12 per cent lower than the net purchases in March and below the 12-month average of 28 tonnes, the World Gold Council (WGC) said on Tuesday. The lower purchase may, in part, be a response to…
As prices of gold reach a new high, Directorate of Revenue Intelligence (DRI) has noticed a new trend, usage of foreign nationals as carriers for smuggling gold in bulk into India. In its latest bulletin for the period October 2024 to March 2025, the agency said: “A new modus operandi has also emerged, involving foreign…
One of the most telling market shifts is the sharp decline in the Gold-Silver Ratio from 107 to 95, suggesting silver is increasingly favoured over gold by investors seeking value and growth potential. Silver prices have hit yet another record high of ₹1,04,675 per kg on Thursday breaching the previous peak of ₹1,01,313 logged on…
Gold investors sold their holdings in exchange-traded funds (ETFs) during May, ending the inflows witnessed since December 2024, mainly on outflows witnessed in North America and Asia, data from the World Gold Council (WGC) showed on Friday. The physically-backed gold ETFs witnessed a $1.8 billion outflow in May. A mild fall in gold prices last…
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…
