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MMTC-PAMP aims to refine 78% more gold this fiscal

MMTC-PAMP aims to refine 78% more gold this fiscal

Last Updated: Thursday, August 21, 2014, 18:15

MMTC-PAMP India on Thursday said it aims to refine 80 tonnes of gold this fiscal, up by 78 per cent from last fiscal, as global miners are keen to supply raw materials after the Indian gold refiner received international accreditation.

'Gold premiums to stay low in 2014 due to weak demand'

'Gold premiums to stay low in 2014 due to weak demand'

Last Updated: Thursday, August 21, 2014, 16:15

Indian gold premiums will average USD 3-USD 4 an ounce over London prices this year, roughly half what they were last year, because of continuing restrictions on imports that will soften demand, the head of the country`s biggest gold refiner said on Thursday.

Gold import rules likely to stay until next year: WGC

Last Updated: Thursday, August 14, 2014, 09:56

Demand in 2014 will be 850-950 tonnes, the industry body said, down 50 tonnes from its earlier forecast.

Swiss gold exports to India rise to 42%; hit Rs 50k crore

Last Updated: Sunday, August 03, 2014, 17:07

As a debate continues on alleged black money stashed by Indians in Swiss banks, India now accounts for nearly 42 percent of total gold and silver leaving Switzerland shores- largest for any single country.

Indian gold premiums fall to 5-month low ahead of elections

Last Updated: Friday, March 07, 2014, 19:43

Premiums to London prices fell to USD 60 an ounce, a level last seen in early October, compared with USD 80 on Thursday.

Delhi Golf Club gears up to welcome Tiger Woods amid a veil of secrecy

Last Updated: Tuesday, February 04, 2014, 09:52

A veil of secrecy surrounds the first visit of Tiger Woods in India even as the prestigious Delhi Golf Club today geared up to host the world number one golfer who is set to play a lucrative exhibition round, here tomorrow.

Gold jewellery exports fall 30% in December

Last Updated: Friday, January 17, 2014, 15:11

Exports of gold jewellery from India in December dropped 30.4 percent from a year ago to $443.19 million, an industry body said on Friday.

Indian gold jewellery exports fall again in Nov; no recovery in sight

Last Updated: Sunday, December 15, 2013, 18:59

India`s exports of gold jewellery fell by almost a third year-on-year in November as restrictions continued to hit shipments, and industry officials said recovery was unlikely any time soon.

Indian 2014 gold imports seen at half usual levels: Trade body

Last Updated: Friday, December 06, 2013, 19:54

Indian gold imports may fall 70 percent in the final quarter of 2013 from 255 tonnes in the year-ago period and are expected to be half usual levels at 500-550 tonnes next year if new import rules are maintained, a top trade body official said on Friday.

Indian gold premiums hit another peak on scarce supplies

Last Updated: Thursday, December 05, 2013, 16:35

Indian gold premiums hit another record on Thursday, driven by lower supplies to meet firm demand for weddings, which will continue till May.

Bullion smuggling outstrips narcotics to feed gold habit

Last Updated: Wednesday, December 04, 2013, 13:27

The World Gold Council estimates that 150 to 200 tonnes of smuggled gold will enter India in 2013, on top of the 900 tonnes of official demand.

Indians' black skin highlights gold jewellery: Chinese daily

Last Updated: Tuesday, August 28, 2012, 13:38

Indians have black skin that highlights gold jewellery, a state-run Chinese daily says in an article that goes on to observe that even girls begging on roadsides have a "gold nail in the nose" and that Indian women don't go out without a nose ring.