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gold prices
Contain uncontrolled passion for gold: Chidambaram Contain uncontrolled passion for gold: Chidambaram People should rather switch to financial products to funnel their savings, the Minister said and added the soon-to-be-launched inflation indexed bonds is a very lucrative option.
Govt can take more steps, if needed, to curb gold imports: FM Govt can take more steps, if needed, to curb gold imports: FM Worried over widening current account deficit (CAD), the government Monday indicated that it could take more steps to check gold imports.
Gold imports may decline 50% in FY14 on RBI curbs: MMTC Gold imports may decline 50% in FY14 on RBI curbs: MMTC India's gold imports are expected to fall by 50 percent to below 500 tonne this fiscal if the Reserve Bank's recent move to restrict banks' bullion imports is made effective, a senior MMTC official said.
Bourses eye brisk biz in gold ETFs tomorrow, waive off charges Bourses eye brisk biz in gold ETFs tomorrow, waive off charges Bourses are pulling out all the stops to attract investors to gold ETFs (Exchange Traded Funds) tomorrow on the occasion of Akshaya Tritiya festival, by waiving off charges and extending the trading hours.
Gold rises by Rs 120 to Rs 27,870 per 10 gm Gold rises by Rs 120 to Rs 27,870 per 10 gm While gold rose by Rs 120 to Rs 27,870 per 10 grams, silver gained Rs 200 to Rs 46,200 per kg on increased offtake by jewellers and industrial units.
Curbing bank funds will spike prices, help grey mrkts: Jewellers Curbing bank funds will spike prices, help grey mrkts: Jewellers "The RBI's restriction on the import of gold on consignment basis by banks only to meet the genuine needs of exporters of gold jewellery, will have repercussions on the industry."
Rise in real interest rate to boost bank deposits: DeutscheBank Rise in real interest rate to boost bank deposits: DeutscheBank Real interest rate is likely to rise in the current year due to the falling inflation and steep correction in gold prices, prompting investors to park money in bank deposits, says a report by Deutsche Bank.
Govt hikes import tariff value of gold to $472/10 grams Govt hikes import tariff value of gold to $472/10 grams Government has raised the tariff value of gold to USD 472 per 10 grams on account of a volatile price trend in global markets.
Banks under RBI scanner for sale of gold investment products Banks under RBI scanner for sale of gold investment products The Reserve Bank is looking into sale of gold coins and gold-related investment products by about 30 banks to find out whether their employees are mis-selling such products to customers.
Gold imports down 12% in Apr-Feb 2012-13 Gold imports down 12% in Apr-Feb 2012-13 Gold imports declined 11.8 percent to USD 50 billion (around Rs 2.7 lakh crore) in the April-February period of 2012-13 due to measures taken to curb the demand of the precious metal, government said on Friday.
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