Gold regains sheen on global cues, silver up on strong demand

Snapping its two-day losing streak, gold on Thursday rose by Rs 275 to Rs 26,600 per ten grams, tracking a firming trend overseas amidst renewed buying interest from jewellery traders and retailers.

Gold crash: Things that common man can watch out for
Gold crash: Things that common man can watch out for

Let’s have a look at the options and the impact of gold price rout.

India proposes gold-linked bonds to lower bullion imports

The country consumes nearly 1,000 tonnes of gold every year, most of it imported, and gold is the second-biggest expense on the import bill after oil. 

Government cuts import tariff on gold and silver

The government has slashed import tariff value on gold to USD 375 per 10 grams and silver to USD 512 per kg following weak global price trends.

Gold, silver prices rise on buying by jewellers

Gold prices recovered marginally by Rs 20 to Rs 26,450 per 10 grams at the bullion market on Wednesday on scattered buying by jewellers amid a firm global trend.

Govt yet to take call on alpha-numeric code for jewellery

The government on Tuesday said it has not yet taken a final decision on its proposal to introduce a nine-digit alphanumeric identity code for every gold jewellery manufactured in India, to fix purity and traceability.

Gold recovers on wedding season demand, global cues

Gold prices on Monday recovered by Rs 70 to trade at Rs 27,700 per ten gram at the bullion market, largely supported by wedding season demand from jewellers and retailers amidst a firming global trend.

Gold loses sheen to import curbs; smugglers make hay

For silver, the year has been even worse with a fall of about 20 percent in its price.

Govt eases curbs on gold imports, scraps 80:20 scheme

Under the 80:20 norms, 20 percent of the imported gold had to be mandatorily exported before bringing in new lot.

Jewellery stocks under pressure; down up to 3.5%

Gold import surged almost four times to USD 4.17 billion in October from USD 1.09 billion in the same month a year ago.

Govt to announce curbs on gold import in a day or two: Sources

In the wake of surge in gold imports, the government would soon impose some curbs on its inward shipment to prevent current account deficit (CAD) from going out of hand.

India to review gold policy after surge in imports: Sources

India is considering curbs on gold imports by private trading firms after foreign purchases surged in the past two months, two sources with direct knowledge of the matter said.

Gold falls by Rs 75 to Rs 27,850 per ten grams on Diwali eve

Silver also eased by Rs 100 to Rs 38,900 per kg on lack of buying support from industrial units.

Gold price up 0.34% at Rs 27,509 per 10 grams

Gold futures rose by 0.34 percent to Rs 27,509 per 10 grams today as speculators enlarged positions after the metal gained in global markets.

`Jewellery sales to jump by 35% during Dhanteras`

Jewellery sales are expected to surge by up to 35 percent during Dhanteras, traditionally the country's busiest gold buying period, compared to last year, industry experts said.

Dhanteras: Five things to buy

There are various legends behind the celebration of Dhanteras. According to one, the son of King Hima was doomed to die on the fourth day of his marriage by snake bite.

Gold rallies at almost one-month high of Rs 27,600 per 10 gms

Silver followed suit and advanced by Rs 450 to Rs 39,250 per kg on increased offtake by industrial units and coin makers.

India should aim $40 billion gold jewellery exports by 2020: WGC

The country should also put to use about 22,000 tonnes of gold lying idle with households and temples and reduce its dependence on imports in the next five years, it said.

Gold, silver recover on festive season demand

Gold prices recovered by Rs 70 to Rs 27,300 per ten grams in the national capital today on pick up in festive season demand.

Gold looks likely to test $1,200; silver slumps to four-year low

Silver`s sell-off extended to a second session on Monday, with the metal tumbling to a four-year low, as investors unwound long positions amid strength in the dollar and the possibility of a sooner-than-expected U.S. rate hike.