i India has the potential to source up to 20 per cent of its annual gold demand of 800-850 tonnes from domestic mining through supportive policy measures, according to the World Gold Council report Swarnim Udaan 2047. Over the past 10 years, the Government has issued 18 composite licences and six mining licences across eight…
FILE PHOTO: The World Gold Council (WGC) has urged the government to classify gold as a strategic mineral, saying the move would simplify approvals through a single-window clearance mechanism, accelerate domestic mining and reduce India’s dependence on imports. | Photo Credit: Reuters Staff The World Gold Council (WGC) has urged the government to classify the…
Gold moved in a narrow range as traders monitored talks in the Middle East for signs of progress that would ease pressure on the US Federal Reserve to raise interest rates. Bullion traded around $4,050 an ounce, after ending the previous session 0.2 per cent higher. The US and Iran both signalled that negotiations to…
Gold rose on Monday as oil prices fell after U.S. President Donald Trump held off on fresh attacks on Iran in hopes of a swift deal, slightly easing concerns over inflation and higher interest rates. Spot gold was up 0.7% at $4,068.54 per ounce, as of 0437 GMT. U.S. gold futures rose 0.9% to $4,066.60….
Gold and silver are likely to trade in a narrow range this week as traders await a raft of economic data, including the US non-farm payrolls report, for fresh clues on the Federal Reserve’s interest rate outlook, analysts said. Investors will monitor purchasing managers’ index (PMI) data from the US, the UK, the Eurozone and…
The prices of precious metals softened last week. Gold ($4,045/ounce) and silver ($57.60/ounce) dropped 0.2 per cent and 1 per cent, respectively. Similarly, in the domestic market, gold futures (₹1,43,376/10 gm) was down 0.6 per cent and silver futures (₹2,17,198/kg) lost 2.2 per cent. Below is an analysis. MCX-Gold (₹1,43,376) Gold futures (Oct) was charting…
FILE PHOTO: A woman picks a gold earring at a jewellery shop | Photo Credit: Reuters Kerala Gold and Silver Merchants Association (KGSMA) has sought the intervention of the Bureau of Indian Standards (BIS) to investigate the manufacture and sale of counterfeit gold jewellery bearing fraudulent HUID hallmark stamps in the State. The association urged…
Gold fell on Friday but was on track for its first monthly gain in five months, supported by bargain buying around the $4,000 level, while investors weighed developments in the Middle East and their impact on U.S. rate outlook. Spot gold fell 0.6% to $4,076.53 per ounce, as of 0253 GMT, but was headed for…
Gold prices up in India | Photo Credit: ARUN SHARMA Gold prices in India rose today across all cities. The price for 8 grams of 24-carat gold also increased in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in India: Gold prices in India today…
Arun Narayan, CEO, Jewellery Division, Titan Company Ltd, at the launch of Narumugai, Tanishq’s first Uncut Diamond Open Polki collection created for the South Indian market, in Chennai. | Photo Credit: Bijoy Ghosh Titan-owned jewellery retailer Tanishq has launched Narumugai, its first ever Uncut Diamond Open Polki collection. The collection, launched for the occasion of the auspicious Tamil month of Aadi, has been…
