Precious Metals

20 Dec 16
As gold prices wobble, hedge funds cut bets
06:38 AM
Gold is in the doldrums. Prices have fallen for six straight weeks, the worst streak in a year, as prospects for higher US borrowing costs damped demand for gold, a for non-interest-bearing asset.
16 Dec 16
Gold imports up 23.24% in November
07:46 AM
Gold imports grew, for a consecutive month, in November by 23.24 per cent to $4.36 billion on account of fall in prices.
Gold, silver decline on global cues
07:42 AM
Standard gold in the popular Zaveri Bazaar closed at Rs 27,500 per 10g on Thursday to trade at the level not seen since February 4 this year.
14 Dec 16
Discretionary spending down, jewellery sales climb
06:54 PM
A man puts his debit card inside an Indian currency printed wallet outside a bank in Agartala (Photo: Reuters)Innoviti, a payment solutions company backed by Catamaran Ventures, says card users have cut spending by 30% on discretionary items such as
13 Dec 16
Gold loses Rs 100 due to cash crunch, hits Rs 28450
03:09 PM
Gold prices gave up Rs 100 to hit Rs 28,450 per 10 grams on Tuesday, hit by a subdued trend overseas and falling domestic demand due to the cash crunch sparked by demonetisation.
Gold falls to 10-month low on Fed rate hike bets
01:24 AM
Gold prices sank to their lowest in more than 10 months on Monday, hit by expectations of an increase in US interest rates this week that boosted US Treasury yields.
12 Dec 16
Fall in gold prices leads to recovery for jewellery sales post demonetisation
02:03 PM
Jewellery sales in India are gradually picking up momentum with consumers visiting retail stores to take advantage of the fall in gold prices.
05 Dec 16
Will gold holdings be taxed? All your queries answered here
09:26 AM
The tax department has the right to conduct searches if it has information or reason to believe that a person is in possession of undisclosed money, bullion, jewellery, etc.
02 Dec 16
December gold imports to halve as demonetisation squeezes demand
08:17 AM
India's overseas purchases of gold could halve this month after jumping to the highest level in 11 months in November because retail demand has faltered due to the government's move to scrap high-value currency notes, industry officials told Reuters.
FinMin seeks to calm fears over rumoured tax on inherited jewellery
07:30 AM
As rumours did the rounds that the recently passed amendments to the income tax Act in the Lok Sabha would result in taxing of inherited gold jewellery and ornaments, the finance ministry on Thursday clarified there would not be any tax on this holding,
Gold rises from 10-month lows as dollar sags
06:42 AM
Gold recovered from its lowest level since early February on Friday, snapping three sessions of losses, as the dollar fell against a basket of currencies ahead of US payrolls data due later in the day.
01 Dec 16
Gold futures decline 0.50% on weak global cues
01:08 PM
Gold prices moved down by 0.50% to Rs 28,243 per 10 ten grams in futures trading as participants trimmed positions amid weak global cues.
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