Last Updated: Saturday, March 29, 2014, 10:41
Asian bullion consumers were cautious about this week`s rally in prices, buying only on dips and selling at higher prices to make a profit.
Last Updated: Monday, March 03, 2014, 13:03
"Government agencies are raiding and seizing gold at various places and asking to reconcile the (gold bar) number with the imported gold," said India Bullion and Jewellers Association (IBJA) general secretary Surendra Mehta.
Last Updated: Sunday, February 02, 2014, 13:11
The total sales are likely to decline by 25-30 percent this fiscal compared to last year as the market did not have enough variety to woo the customers, he said.
Last Updated: Wednesday, January 01, 2014, 17:00
While gold prices fell by about three percent and its poorer cousin silver plummeted close to 24 percent this year.
Last Updated: Monday, December 23, 2013, 16:40
In Mumbai, gold 99.9 and 99.5 percent purity traded at Rs 29,850 and Rs 29,700 per ten grams, respectively, while silver enquired at Rs 44,400 per kg.
Last Updated: Sunday, December 08, 2013, 12:27
"We are expecting gold imports to decline by 20-30 percent to around 500 tonne in 2014, from around 650-700 tonne estimated this year," All India Gems and Jewellery Trade Federation (GJF) director Bachhraj Bamalwa said.
Last Updated: Friday, November 01, 2013, 21:37
Gold imports rose to 23.5 tonnes in October from 11.164 tonnes in September.
Last Updated: Friday, November 01, 2013, 11:24
Squeezed by government rules meant to curb a surge in gold imports, India`s bullion industry is shrinking, with banks and others opting to redeploy personnel for now but possibly facing big job cuts in coming months.
Last Updated: Tuesday, October 22, 2013, 17:22
The government has set a record 10 percent import duty on gold and imposed a rule that requires 20 percent of imports to be re-exported, meaning importers need to find a buyer who will guarantee those exports before bringing in any gold.
Last Updated: Wednesday, October 09, 2013, 09:42
Higher silver demand in the world's biggest buyer may help support prices, which have fallen almost 30 percent this year on the international market.
Last Updated: Saturday, October 05, 2013, 23:24
The demand for jewellery will continue to rise even if there is a downturn in the economy, Union Minister Kapil Sibal said on Saturday.
Last Updated: Tuesday, October 01, 2013, 21:21
China is set to overtake India to become the world's top gold consumer this year, as the driving forces in the market shift from West to East, an industry association said on Tuesday.
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