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NSEL commences remittance of payout to unit-holders of E-Gold

Last Updated: Friday, May 23, 2014, 20:54

As a part of the financial closure of gold e-series contracts, National Spot Exchange Ltd (NSEL) on friday started making direct payments to over 21,000 unit-holders at the average rate of Rs 2,935.9925 per gram.

Gold financing stocks in demand; soar up to 20%

Last Updated: Thursday, January 09, 2014, 12:38

Shares of gold financing firms Muthoot Finance and Manappuram Finance Thursday surged up to 20 percent after the Reserve Bank allowed NBFCs to lend up to 75 percent of the value of metal from 60 percent at present.

Gold price suffers worst weekly loss in two months on Fed uncertainty

Last Updated: Saturday, November 23, 2013, 12:35

Gold notched a 3.7 percent weekly drop, while silver also posted its biggest losses since mid-September, down 4.5 percent.

Stocks of gold loan companies, jewellery makers tumble

Last Updated: Monday, April 15, 2013, 19:09

Shares of gold loan companies like Manappuram Finance and jewellery makers Monday fell sharply by up to over 13 percent, following weakness in gold prices which hit over 15-month low.

Gold zooms 15%, stock wealth grows at snail's pace in 2012

Last Updated: Sunday, September 09, 2012, 11:36

Gold has appreciated from Rs 27,400 level in early September of 2011 to a record of over Rs 32,000 level at present.

Gold zooms 15%, stock wealth grows at snail's pace in 2012

Last Updated: Sunday, September 09, 2012, 11:36

Gold has appreciated from Rs 27,400 level in early September of 2011 to a record of over Rs 32,000 level at present.

Volatile market: Stock-weary investors switching to gold

Last Updated: Thursday, November 10, 2011, 17:48

The imports shot up particularly in October to USD 7.2 billion against a monthly average of USD 4-5 billion, leaving the government puzzled.