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,…
The report also highlights a sharp rise in the value of gold reserves due to higher global prices and rupee depreciation. India’s overall foreign exchange reserves remained strong at $691.11 billion, reinforcing the central bank’s stable reserve position. | Photo Credit: ANGELIKA WARMUTH Sources in the Finance Ministry on Wednesday denied media reports claiming that…
India has tightened restrictions on silver imports by adding grain and powder forms to the list of restricted categories and mandating prior valid import authorisation, as the world’s biggest consumer of the metal tries to rein in shipments and ease pressure on the rupee. Imports of silver in the form of grains, powder, other forms…
See also: | Photo Credit: scanrail Gold rose more than 1% on Tuesday, buoyed by lower US Treasury yields, while weaker oil prices eased fears of higher inflation and elevated interest rates. Spot gold rose 1% to $4,525.72 per ounce by 0900 GMT. US gold futures for August delivery gained 1.1% to $4,556. Oil prices…
