Lump-sum purchases and switch-ins into HDFC Gold ETF Fund of Funds will be processed only up to Rs ₹10 lakh per PAN per calendar month HDFC Asset Management Company, one of the largest mutual fund houses, has imposed temporary restrictions on large lump-sum investments in its gold exchange traded fund and gold ETF Fund of…
Gold prices down in India | Photo Credit: K K Mustafah 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: Gold prices in…
Silver prices dropped by Rs 621 to Rs 2.62 lakh per kilogram in futures trade on Thursday amid weak global trends and concerns that elevated crude oil rates could keep interest rates higher for longer by central banks. On the Multi Commodity Exchange, the white metal for July delivery depreciated by Rs 621, or 0.24…
The Bureau of Indian Standards (BIS) is examining the regulatory framework and infrastructure readiness required to make hallmarking of silver jewellery and artefacts mandatory, Director General Sanjay Garg said on Thursday. Silver hallmarking has been voluntary since 2005 and from September 2025 onwards, hallmarked silver articles carry a Hallmark Unique Identification (HUID) number, enabling buyers…
Gold prices climbed by ₹926 to ₹1.59 lakh per 10 grams in futures trade on Thursday, driven by fresh buying by traders amid geopolitical uncertainties and a firm trend in the overseas markets. On the Multi Commodity Exchange, the yellow metal for August delivery appreciated by ₹926, or 0.58 per cent, to ₹1,59,445 per 10…
Gold prices gained on Thursday, supported by lower crude oil prices and a weaker dollar, as investors assessed renewed expectations for a resolution to the US-Israeli war with Iran. Spot gold was up 0.7% at $4,461.09 per ounce, as of 0218 GMT. U.S. gold futures for August delivery gained 0.5% to $4,487.90. The dollar eased,…
FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth/File Photo | Photo Credit: ANGELIKA WARMUTH After having been net sellers of gold in March, central banks turned net buyers of the precious metal in April, led by Poland…
Shamika Ravi, Member of the Economic Advisory Council to the Prime Minister (EAC-PM) India should expand gold monetisation beyond traditional gold loans and develop more financial instruments linked to the precious metal to reduce dependence on gold imports and ease pressure on foreign exchange reserves, according to Shamika Ravi, Member of the Economic Advisory Council…
Analysts said silver came under pressure as lingering uncertainty surrounding US-Iran peace talks pushed crude oil prices higher. Silver prices declined by ₹2,757 to ₹2.63 lakh per kilogram in futures trade on Wednesday, tracking losses in the overseas markets amid uncertainty over US-Iran negotiations and concerns over the Fed’s interest rate outlook. On the Multi…
The Reserve Bank of India has denied reports claiming it sold gold worth $12 billion, clarifying that there has been no change in its physical gold holdings, which remain at 880.52 tonnes Debunking reports of gold sale, the Reserve Bank of India on Wednesday said there is no change in the physical stock of gold,…
