The Indian government has permitted 15 top banks, including the State Bank of India, HDFC Bank, Bank of India and others to import gold and silver from April 1, 2026 to March 31, 2029, a government notification said on Friday. This is a developing story. Published on April 17, 2026
Global investment firm Jefferies in its latest report said that gold has entered a consolidation phase following a strong retail-driven buying surge seen late last year and early this year across key markets including India, China and the United States. The report noted that the earlier rally in gold demand, particularly from retail investors, has…
Gold demand in India was modest this week, as high domestic prices weighed on retail purchases ahead of the key Akshaya Tritiya festival weekend, while premiums in China held steady. Dealers quoted discounts of up to $4 an ounce and though some quoted premiums of $14 an ounce over official domestic prices this week helped…
Indian banks have halted gold and silver import orders from overseas suppliers, with tonne of the metals stuck at customs as a formal government order has not been issued authorising bullion imports, trade sources said. Without fresh imports, India could face supply shortages, as the world’s second-largest gold consumer and biggest silver buyer relies on…
While gold is considered an inflation hedge, higher interest rates crimp demand for the non-yielding asset. Gold held largely steady on Friday and was on track for a fourth straight weekly gain, as hopes for a US-Iran peace deal eased fears of higher inflation and elevated interest rates. Spot gold rose 0.2 per cent to…
Gold and silver prices moved higher in Thursday’s trade, ahead of Akshaya Tritiya, supported by a weaker US dollar, geopolitical uncertainty and shifting expectations around global interest rates. The uptick comes even as global equity markets remained firm, reflecting a mix of risk-on sentiment and safe-haven demand. Gold gained as the dollar softened and crude…
File photo: Silver rate today, February 6. | Photo Credit: FRANCIS MASCARENHAS Silver prices in India on April 16 across all major cities. The price of one gram silver and one kg silver remained unchanged from the previous session’s closing price. This report provides a detailed, city-by-city breakdown of the latest silver prices. Silver Rate…
FILE PHOTO: One kilogram bar of gold seen at Swiss refiner Metalor in Marin near Neuchatel, Switzerland. | Photo Credit: DENIS BALIBOUSE Gold prices in India have seen an upward trend today, April 16, with an increase seen across all major cities. The price of both 22-carat and 24-carat gold has risen compared with the…
As gold prices surge to near-record highs ahead of Akshaya Tritiya, consumer behaviour is shifting towards lighter jewellery and financial gold like ETFs and sovereign bonds As India heads into the auspicious festival of Akshaya Tritiya, traditionally associated with gold buying, a sharp rally in the yellow metal over the past year is reshaping both…
Gold prices rose on Thursday, supported by a weaker dollar, while investors weighed growing optimism over a potential U.S.-Iran deal to end the war that has pushed up energy prices and fuelled fears of higher inflation. Spot gold rose 0.7% to $4,821.44 per ounce by 0301 GMT. U.S. gold futures for June delivery gained 0.4%…
