Gold Prices

  • Gold tumbles on reduced offtake, weak global cues 06-12-2013 03:37 PM

    New Delhi: Gold prices fell by Rs 465 to Rs 30,785 per 10 gram in the national capital on Friday on reduced offtake by stockists at existing higher levels amid a weak global trend. Silver remained under selling pressure for the fourth straight day and lost Rs 200 to Rs...
  • Gold futures down on weak global cues 03-12-2013 01:16 PM

    New Delhi: Gold prices moved down by 0.31 per cent to Rs 28,739 per 10 gram in futures trade on Monday as speculators trimmed their exposures, tracking a weak trend overseas. At the Multi Commodity Exchange, gold for delivery in February next year eased by Rs 90, or 0.31 per...
  • Kerala: Over 100 kg smuggled gold seized in the past 8 months 29-11-2013 09:51 AM

    Thiruvananthapuram: In an illegal gold rush in Kerala, over 100 kg smuggled gold has been seized in the past eight months after the Centre's checks on gold imports and close to 60 smuggling cases have been registered. In the past eight months, Kerala's airports have emerged key entry points for...
  • Jewellers face long road to export growth 02-10-2013 08:57 AM

    Indian jewellers, long spoiled by access to the world's largest group of gold consumers, must seek expansion overseas after the authorities tied gold imports to exports. But the path will not be easy. India has hiked import duty for gold, its biggest non-essential import, this year from 4 percent to...
  • India hikes import duty on gold jewellery to 15 per cent 17-09-2013 08:28 PM

    India on Tuesday hiked the import duty on gold jewellery to 15 per cent in a bid to protect domestic industry and curb the precious metal's imports, a key reason for the country's high trade and current account deficits. "Import duty on gold imports is increased to 15 per cent...
  • Gold snaps 5-day losing streak, gains Rs 300 on global cues 17-09-2013 05:11 PM

    New Delhi: Snapping its five-day losing streak, gold prices rose by Rs 300 to Rs 30,400 per ten grams in New Delhion Tuesday on revival of buying at existing lower levels amid a firm global trend. Silver also recovered by Rs 680 to Rs 50,210 per kg on increased offtake...
  • Gold imports seen at $38 billion to $40 billion in FY14: Rangarajan 13-09-2013 04:42 PM

    New Delhi: Gold imports are likely to be around $38 billion to $40 billion in the current fiscal year to March 31, 2014, C Rangarajan, the economic adviser to the prime minister, said on Friday. That would be down from last fiscal year's $53.8 billion in imports, which helped push...
  • Gold prices fall by 0.91 pc on global cues, down to Rs 32,435 per 10 gram 05-09-2013 11:07 AM

    Gold futures prices on Thursday fell by 0.91 per cent to Rs 32,435 per 10 gram as speculators reduced positions, taking cues from the global market. Besides, further recovery in the rupee also weighed on gold prices at futures trade. At the Multi Commodity Exchange, gold prices for delivery in...
  • How to revive the economy and save the falling rupee? 28-08-2013 11:50 PM

    The rupee is trading at 67.81 against dollar. The markets has also recovered, the Sensex is up 80 points at 18,048.19 and Nifty is up 22 points at 5,310.30. ...
  • Economic crisis: BJP asks UPA government to quit 28-08-2013 10:33 PM

    Finance Minister P Chidambaram admitted that the economic crisis was on account of domestic policies as well. ...
  • Rupee in a tailspin, Commerce Minister says use gold to cut deficit 28-08-2013 07:11 PM

    New Delhi: There seems to be no end to the bad news on the economic front with the rupee closing at an all-time low of 68.80 level, down 256 paise - the biggest one day fall ever - from the close on Tuesday. The Sensex, meanwhile, was on a rollercoaster...
  • Gold at all-time high of Rs 34,500 per 10 grams on weak rupee 28-08-2013 11:32 AM

    Gold prices zoomed to a record high of Rs 34,500 per 10 gram with a biggest ever single day surge of Rs 2,500 in opening trade in bullion market on Wednesday amid the rupee hitting historic low of 68.75 a dollar. The current upsurge surpassed its record price of Rs...
  • Rupee ends at all-time low of 68.80 vs $, Sensex closes 28 points up 28-08-2013 11:02 AM

    New Delhi: 5:10 pm: The rupee plunged to a record low on Wednesday to close at 66.80 vs US dollar. 4:15 pm: The markets have recovered after all the blood-letting with the Sensex closing up 28 points after recovering from a 500-point crash. The broader Nifty too recovered more than...
  • Gold hits record high at Rs 32,585 per 10 grams 28-08-2013 10:17 AM

    Gold prices on Tuesday hit a record high of Rs 32,585 per 10 grams at the domestic bullion market as frenzied stockists and investors bought up the precious metal amid supply constraints as no imports have taken place since July when the government hiked duty. Rupee depreciation to a record...
  • India @ 9 with Rajdeep Sardesai 27-08-2013 11:55 PM

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Markets tank, rupee plunges to 66.24 vs $; brace for fuel price hike 27-08-2013 03:24 PM

    New Delhi: The economic scenario turned more gloomy on Tuesday with the rupee tumbling to a fresh low and breaching 66 vs the US dollar. The markets crashed too with the Sensex falling over 600 points during the intraday trade and finally closed 590.05 points down. Crude oil prices also...
  • Gold scales to eight-month high at Rs 31,525 17-08-2013 06:35 PM

    New Delhi: Gold prices took another jump of Rs 515 to scale an eight-month high of Rs 31,525 per ten gram here on Saturday on sustained buying by stockists and investors. After its biggest single day rise in two years on Friday, the precious metal advanced to a level last...
  • Gold surges most in 2 years; up Rs 1,310 as rupee, stocks tumble 16-08-2013 05:19 PM

    New Delhi: Gold on Friday surged by Rs 1,310 per 10 gram, the highest in two years, to Rs 31,010 on strong demand from stockists ahead of festive season, after government increased import duty on the metal to 10 per cent. A sharp fall in Sensex and rupee against dollar...
  • Gold futures regain Rs 30,000 level on global cues, up 3.56 per cent 16-08-2013 11:37 AM

    New Delhi: Continuing its rising streak, gold prices again crossed Rs 30,000 per ten gram level in futures trade on Friday by rising 3.56 per cent as speculators engaged in building up positions amid a firming trend overseas. Further, a firming trend in the domestic spot markets for the upcoming...
  • Gold extends gains to fresh two-month highs 16-08-2013 11:24 AM

    Gold reversed early losses on Friday, hitting fresh two-month highs on strong buying from China and short covering after breaking through key technical levels, pushing the metal to its biggest weekly gain in a month. Gold dipped early in Asian hours after strong US data indicated the Federal Reserve could...
  • Has the economist Prime Minister failed the economy? 09-07-2013 11:35 PM

    A worried government has gone into damage control as the rupee depreciated and the current account deficit widened. ...
  • Government tries damage control as economy struggles; is it too late? 09-07-2013 09:38 PM

    New Delhi: A worried government has gone into damage control as the rupee depreciated and the current account deficit widened. Prime Minister Manmohan Singh has now laid out a roadmap to boost manufacturing growth over next 12 months and Finance minister P Chidambaram has left for the US to reassure...
  • Gold prices plunge by Rs 1,150; hit 23-month low in Delhi 28-06-2013 10:43 PM

    New Delhi: Gold prices today plunged by Rs 1,150 to hit 23-month lows of Rs 25,650 per 10 grams in the bullion market here tracking weak global trends. This is the third-biggest single day decline ever. The largest fall was of Rs 1,250 on April 13 this year. In Mumbai,...
  • Gold skids below Rs 27k level on global cues 26-06-2013 05:02 PM

    New Delhi: Gold prices on Wednesday plunged to one-month low by losing Rs 620 to Rs 26,680 per 10 grams on hectic selling by stockists, triggered by a steep fall in the precious metal's prices overseas. The current fall in the yellow metal prices placed it to a level last...
  • Gold prices drop to near three-year low on US data 26-06-2013 11:21 AM

    Singapore: Gold fell to its lowest in nearly three years on Wednesday, pressured by strong US economic data that boosted stock markets and supported the US Federal Reserve's plan to scale back its monetary easing measures in the next few months. Bullion, now down for a seventh session out of...
  • Gold futures dip below 27,000 level, down Rs 335 24-06-2013 02:10 PM

    New Delhi: Gold prices dipped below psychological level of Rs 27,000 by falling Rs 335 to Rs 26,685 per ten grams in futures trade on Monday as speculators offloaded their positions in tandem with a weak global trend. Sluggish demand in the spot market due to off marriage and festival...
  • Gold slumps below Rs 27K mark on selling, global gloom 21-06-2013 11:35 PM

    Mumbai: Gold suffered further setback and and plunged below Rs 27,000 per 10 gm mark at the local bullion market on Friday on heavy speculative selling on the back of overnight global commodity meltdown. Silver also dropped sharply due to frantic unwinding from stockists and traders. Standard gold of 99.5...
  • Gold up Rs 415 as rupee slumps to new lows 11-06-2013 05:35 PM

    New Delhi: Both the precious metals, gold and silver, on Tuesday surged on stockists buying as weak rupee raised concerns of increase in import costs. While gold spurted by Rs 415 to Rs 28,515 per 10 grams, silver surged by Rs 905 to Rs 44,690 per kg on rising demand...
  • Gold futures slump on import duty hike, weak global cues 06-06-2013 01:15 PM

    New Delhi: Gold futures prices on Thursday fell by 0.39 per cent to Rs 27,771 per 10 grams as participants indulged in reducing exposures, after the government raised import duty on the metal to 8 per cent amid a weak trend overseas. Analysts said sentiments turned weak after the government...
  • RBI imposes restrictions on bank loans against gold 27-05-2013 10:40 PM

    Mumbai: In a bid to curb demand for gold, the Reserve Bank on Monday imposed restrictions on banks and NBFCs for providing loans against gold coins as well as units of gold ETFs and mutual funds. "...it is advised that while granting advance against the security of specially minted gold...