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Gold price hovers near 2.5-month low on firm equities, fund outflows

Gold price hovers near 2.5-month low on firm equities, fund outflows

Last Updated: Wednesday, April 23, 2014, 10:19

Gold was trading flat at USD 1,284.49 an ounce Wednesday. It fell to a low of USD 1,277.10 on Tuesday - its weakest since Feb. 11.

Gold, silver imports dip 40% to $33.46 billion in 2013-14

Last Updated: Friday, April 11, 2014, 14:39

In March, the imports of the precious metals were down by 17.27 percent to USD 27.58 billion from USD 33.33 billion in the same month previous year.

China imports less gold as demand wanes, currency weakens: Sources

Last Updated: Friday, April 04, 2014, 12:14

The yuan depreciated 2.5 percent in February and March, its biggest two-month loss since China established the domestic foreign exchange market in 1994.

Rajan hints at gradual easing of gold import curbs

Last Updated: Wednesday, April 02, 2014, 19:42

Earlier this week, Finance Minister P Chidambaram had indicated that the government might further ease restrictions on gold imports after the monetary policy.

Govt may further ease restrictions on gold import soon: FM

Last Updated: Monday, March 31, 2014, 19:46

"Let the RBI's monetary policy be announced tomorrow and then we will consider whether some relaxation can be done," he said.

Curbs on gold import norms leading to smuggling: Sharma

Last Updated: Friday, March 21, 2014, 14:59

Commerce and Industry Minister Anand Sharma has favoured a review of curbs on gold import norms saying the restrictions are leading to smuggling.

More banks importing gold can bring down prices: Chakrabarty

Last Updated: Thursday, March 20, 2014, 18:50

According to sources, RBI has permitted Axis Bank, Kotak Mahindra Bank, IndusInd Bank and Yes Bank to import gold.

Gems and jewellery exports dip 4% to $3.59 bn in Feb

Last Updated: Thursday, March 13, 2014, 17:33

Declining for the fourth month in a row, gems and jewellery exports in February fell by 4.15 percent to USD 3.59 billion due to sluggish demand in key markets such as the US and Europe.

Gold price extends gains to 4-1/2 month high on safe-haven demand

Last Updated: Wednesday, March 12, 2014, 10:25

Gold price gained 0.6 percent to USD 1,357.11 an ounce after earlier hitting USD 1,359.25 - its highest since October 29.

Gold, silver imports dip 71.42%

Last Updated: Tuesday, March 11, 2014, 14:25

Gold and silver imports dipped 71.42 percent to USD 1.63 billion in February from year earlier.

Gold import curbs to be reassessed after final CAD figures: FM

Last Updated: Thursday, March 06, 2014, 13:37

Faced with intense pressure to relax gold import curbs, the government on Thursday said it will review the decision after getting final figures of the current account deficit (CAD).

Gold price steady after slide as Ukraine fears ease

Last Updated: Wednesday, March 05, 2014, 10:09

Gold was little changed on Wednesday following sharp overnight losses as safe-haven buying cooled on easing fears of imminent military action by Russia in Ukraine.