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MCX discontinues gold, silver contracts expiring 2015

Last Updated: Wednesday, April 30, 2014, 19:26

Leading commodity bourse MCX on Wednesday said it discontinued six futures trading contracts in gold and silver expiring in 2015, effective Tuesday, due to procedural problems.

FMC removes additional 5% margin on gold trading

Last Updated: Tuesday, November 05, 2013, 18:58

Commodity market regulator FMC Tuesday removed an additional 5 percent margin on the future contracts of gold and silver due to less volatility in prices of these commodities.

Gold price near two-week low on stronger dollar, US data

Last Updated: Friday, November 01, 2013, 10:42

Gold was trading close its lowest in nearly two weeks on Friday, hurt by sharp losses in the previous session from month-end profit taking, strong U.S. economic data and a higher dollar.

Gold traders keep away from imports for 3rd week

Last Updated: Monday, August 05, 2013, 21:09

Gold importers stayed on the sidelines for a third straight week due to policy uncertainty on shipments and supporting premiums.

Gold imports should be for actual usage, not trading: Sharma

Last Updated: Monday, June 03, 2013, 21:34

Expressing concern over rising gold imports, Commerce and Industry Minister Anand Sharma Monday advocated that import of the precious metal should be only for actual usage and not for trading purposes.

Gold jewellery sales sparkle on Dhanteras, up 30%

Last Updated: Monday, November 12, 2012, 19:11

Jewellery sales in Dhanteras surged by up to 30 percent, both in value as well as volume terms, belying fears of muted response due to high gold prices.

Singapore aspires to be gold trading hub

Last Updated: Friday, February 17, 2012, 20:05

Singapore will exempt investment-grade gold and other precious metals from the goods and services tax in a move to turn the city-state into a gold trading hub, the finance minister said on Friday.

Gold dips below Rs 27,340, silver sheds Rs 5K

Last Updated: Saturday, September 24, 2011, 16:49

Tracking global markets, precious metals plunged in the national capital Saturday with gold losing Rs 700 to Rs 27,340 per 10 grams and silver slumping by Rs 5,000 per kg for the second day in a row.

India gold falls 8% from peak

Last Updated: Thursday, August 25, 2011, 12:18

India gold shed about 8 percent from its Tuesday's record high, due to continued profit-taking, triggering a slight pick-up in bargains by traders ahead of the festival and wedding season, dealers said on Thursday.