Jewellers’ associations across the country are planning to approach the Prime Minister’s Office (PMO) to express concern over Prime Minister Narendra Modi’s remarks urging consumers to go slow on gold jewellery purchases over the next year in order to help reduce India’s import bill amid growing global uncertainty. Rajesh Rokde, chairman of the All India…
Titan Company CFO Ashok Sonthalia | Photo Credit: Nishant Ratnakar Gold is increasingly viewed by Indian consumers as an investment asset rather than merely an adornment category, Titan Company CFO Ashok Sonthalia said, even as elevated prices continue to reshape jewellery-buying behaviour across the country. In an interaction with businessline following the company’s Q4FY26 results,…
FILE PHOTO: A salesperson attends to a customer in a jewellery showroom | Photo Credit: SHAILESH ANDRADE Prime Minister Narendra Modi’s appeal to reduce buying gold jewellery could impact employment linked to the jewellery industry, which supports more than one crore people directly and several allied sectors indirectly, highlighted Rajesh Rokde, Chairman, All India Gem…
India has no plans to raise duties on gold and silver imports, a government source said on Monday, a day after Prime Minister Narendra Modi urged people to avoid buying gold for a year due to the impact of the Iran war. India is the world’s second-largest consumer of gold and the largest consumer of…
Silver prices rose 1.21 per cent to ₹2.56 lakh per kg in the futures trade on Monday, amid uncertainty over West Asia peace deal. On the Multi Commodity Exchange, the white metal for July delivery increased by ₹3,068, or 1.21 per cent, to ₹2,56,333 per kilogram in a business turnover of 2,150 lots. Fresh positions…
Gold prices on Monday dropped ₹462 to ₹1,52,068 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, gold contracts for the June delivery traded lower by ₹462, or 0.3 per cent, at ₹1,52,068 per 10 grams in a business turnover of 1,337 lots. Analysts attributed the fall…
Gold prices eased on Monday after last week’s rally as renewed tensions in West Asia, elevated crude oil prices, and a stronger dollar weighed on bullion sentiment, while analysts said Prime Minister Narendra Modi’s appeal to avoid non-essential gold purchases for a year may temporarily dent retail sentiment but is unlikely to alter India’s long-term…
Gold prices fell on Monday, as a lack of progress in US–Iran peace negotiations pushed oil prices higher, fuelling concerns that elevated inflation could keep interest rates higher for longer. Spot gold fell 0.6% at $4,684.32 per ounce, as of 0223 GMT. US gold futures for June delivery lost 0.8% at $4,692.70. The dollar firmed,…
Gold and silver may remain range-bound for a second consecutive week as investors assess developments in US-Iran peace negotiations and global macroeconomic data, analysts said. Traders will track inflation data from China, Germany, and the United States, along with GDP numbers from the Eurozone and the UK, later this week, they added. “Gold prices momentum…
Global investors began rotating back into gold ETFs in April as India recorded positive flows of $297 million, marking its 11th consecutive month of inflows, according to a report by the World Gold Council (WGC). Following notable outflows in March, global physically backed gold ETFs recorded inflows of $6.6 billion during the month. As per…
