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1400 coins worth $10mn: US couple strikes gold in their own backyard

Last Updated: Wednesday, February 26, 2014, 14:53

A California couple, who had been walking their dog for years in their own backyard, didn`t realise that they had been walking over gold.

Dept of Posts floats tender for sale of domestic gold coins

Last Updated: Sunday, November 17, 2013, 13:38

Amidst government taking measures to discourage gold consumption, the Department of Posts has floated a tender for sale of gold coins category through about 1,000 post offices.

Chidambaram rules out lifting ban on import of gold coins

Last Updated: Tuesday, October 22, 2013, 16:53

Gold imports touched a high of 162.4 tonnes in May and fell to 7.2 tonnes in September.

RBI prohibits import of gold coins, medallions without licence

Last Updated: Wednesday, August 14, 2013, 21:56

Seeking to reduce the import of gold, the Reserve Bank Wednesday prohibited inward shipment of gold coins, medallions and dores without license.

RBI puts curbs on RRBs lending against gold coins, ETFs

Last Updated: Tuesday, June 25, 2013, 19:14

The Reserve Bank Tuesday tightened norms for lending against gold coins as well as units of gold ETFs and mutual funds by Regional Rural Banks (RRBs) with an aim to curb demand for the precious metal.

Restriction on co-operative banks for loan against gold coins

Last Updated: Friday, June 07, 2013, 14:49

Reserve Bank has extended the restriction on advance against gold on co-operative banks as well, a move aimed at curbing demand for gold.

RBI asked banks not to sell gold coins: Chidambaram

Last Updated: Thursday, June 06, 2013, 16:29

RBI has advised banks not to sell gold coins to retail customers, Finance Minister P Chidambaram said a day after the government increased import duty on the metal amid widening Current Account Deficit.

Selling less gold coins may not reduce consumption: SBI chief

Last Updated: Saturday, May 18, 2013, 21:21

On the back of huge gold imports, the Reserve Bank of India (RBI) earlier suggested that banks should be less active on selling gold coins at their branches, seeking to check demands for gold.

Akshay Tritiya: India Post to offer 7% discount on gold coins

Last Updated: Tuesday, May 07, 2013, 19:40

The gold coins will available in the following 33 designated post offices across Punjab and UT Chandigarh.

RBI tightens screws on gold funding

Last Updated: Friday, May 03, 2013, 15:39

The Reserve Bank also restricted the lending against gold coins up to 50 grams only.

Post offices in Delhi to give 7% discount on gold coins

Last Updated: Tuesday, October 30, 2012, 23:09

Indian Postal department Tuesday said 28 post offices in Delhi will offer 7 percent discount on gold coins during November 2-11 period.

Pushya Nakshatra today: Get discount of 6.5% on purchase of gold coins

Last Updated: Wednesday, September 12, 2012, 13:51

India Post on Monday announced a 6.5 percent discount on sale of gold coins on the occasion of Pushya Nakshatra on September 12.