New Delhi India’s first large private gold mine in Andhra Pradesh is likely to start its full-scale production very soon, a top official of Deccan Gold Mines Ltd said on Thursday. The development assumes significance as India currently imports around 1,000 tonnes of gold every year. The country is the largest importer of gold after…
Commodities market experts noted the central bank has still signalled two more rate cuts this year, which could support gold in the medium term | Photo Credit: wydynd Gold prices declined ₹612 to ₹1,09,210 per 10 grams in domestic futures trade on Thursday as speculators cut positions following a firm recovery in the dollar after…
Supplies of used gold jewellery and coins, typically released when investors book profits, have been scarce in India, as many expect bullion prices to continue climbing even after reaching new highs almost every week. This contrasts with March, when spot gold first crossed $3,000 an ounce and retail customers rushed to sell their holdings, triggering…
Gold and silver prices eased from their record highs in futures trade on Wednesday as traders booked profits at elevated levels, dragging both precious metals into negative territory ahead of the keenly awaited US Federal Reserve monetary policy outcome. On the Multi Commodity Exchange (MCX), gold futures for October delivery fell ₹259 or 0.24 per…
Exchange traded fund concept. A bull and bear besides the golden text ETF. istock photo for BL | Photo Credit: aprott With the gold and silver prices touching new peaks, investors are increasingly choosing to invest in exchange traded funds backed by the precious metals, as they are much cheaper than the metals themselves while…
Gold prices fell ₹148 to ₹1,09,222 per 10 grams in the domestic futures market on Monday, mirroring a weak global trend as market participants stayed cautious ahead of the US Federal Reserve’s policy decision. On the Multi Commodity Exchange (MCX), the most-traded October futures fell ₹148 or 0.14 per cent to ₹1,09,222 per 10 grams…
For long-term portfolios, gold remains the anchor | Photo Credit: Ravitaliy With gold and silver prices scaling new peaks every other day, investor interest in increasing in these asset classes, as evident in record inflows in to exchange traded funds. But which of them has delivered better returns over the long term? businessline analysis of…
August and September are traditionally peak marriage months in the Valley, when jewellery shops usually see brisk business | Photo Credit: PTI Soaring gold prices have cast a shadow over Kashmir’s wedding season, with many families cutting back on jewellery purchases and jewellers reporting a sharp drop in sales. August and September are traditionally peak…
Gold has rallied by 39% this year, making it one of the best performing commodities, and outpacing other market gauges including the S&P 500 Index. Gold is headed for a fourth weekly gain on expectations the Federal Reserve is poised to lower US interest rates, with prices aided by inflows into bullion-backed exchange traded funds….
Richa Singh, Managing Director, India and Middle East, Natural Diamond Council and Amarendran Vummidi, Managing Partner, Vummidi Bangaru Jewellers, during an interaction with journalists in Chennai on Wednesday | Photo Credit: Bijoy Ghosh With gold prices soaring to record highs this year, Indian customers are shifting to diamonds. As a result, diamond sales will likely…
