GOLD

  • India brushes off concerns over gold import spike- for now 1 week ago

    Mumbai: Weak oil and commodity prices are offsetting concerns at India's central bank over the impact of a spike in gold imports on the broader economy, officials say, even as the industry forecasts another three months of strong buying. A more sustained increase in bullion imports after June, however, could cause...
  • Kim Kardashian pledges support for stepfather Bruce Jenner April 28, 2015

    New York: Reality television star Kim Kardashian pledged her full support on Monday for her stepfather, Olympic gold medalist Bruce Jenner, who said last week that he identifies as a woman. Kardashian, 34, spoke out for the first time about her stepfather in an interview on NBC's "Today" show with Matt...
  • On Akshaya Tritiya, jewellers line up special offers to woo customers April 21, 2015

    Akshaya Tritiya is the most auspicious day for buying gold and with prices of the yellow metal down, jewellers are hoping to make the most of the festivities. With special offers lined up, several jewellery brands are going all out to woo customers. Vikram, Area Business Manager at Tanishq, said,...
  • Kerala to strongly oppose move to deposit temple gold in banks: CM Chandy April 11, 2015

    Kochi: Kerala Chief Minister Oommen Chandy on Saturday said that his government would strongly oppose any move to deposit temple treasures in banks to make up for the country's trade imbalance. Reacting to reports in this regard, he said the state would not allow the riches of Kerala temples to be...
  • Temples may open gold vaults for PM Narendra Modi April 10, 2015

    Mumbai/New Delhi: The two-century-old Shree Siddhivinayak temple in Mumbai devoted to lord Ganesha bristles with close circuit cameras and is guarded by 65 security officers. It is one of India's richest temples, having amassed 158 kg of gold offerings, worth some $67 million, and its heavily guarded vaults are strictly off...
  • Nokia Lumia 930 goes glitzy with new gold version April 7, 2015

    New Delhi: The Nokia Lumia 930, touted the best Windows phone in the market, has gotten a new glitzy and glamourous look with a gold trim that makes it no less than a piece of valuable tech accessory. The phone has been modelled with a gold trim with an option of...
  • India's property hangover: Discounts, gold to cure multi-billion dollar backlog March 19, 2015

    Mumbai: India's debt-laden property developers are turning to deep discounts, free parking spots and even gimmicks like gifts of gold coins and motorbikes as they struggle to sell billions of dollars worth of as-yet unfinished homes. Now outstripping China as the world's fastest-growing major economy according to official data, India has...
  • Kidambi Srikanth creates history by winning Swiss Open badminton title March 15, 2015

    Basel: Putting his All England Open disappointment behind, top Indian shuttler Kidambi Srikanth displayed pure class to oust defending champion Viktor Axelsen and clinch the men's singles title at the $120,000 Swiss Open Grand Prix Gold here on Sunday. In the final at St. Jakobshalle, the top seed defeated the Dane...
  • Apple launches smartwatch, price to go as high as $17,000 March 10, 2015

    The Apple Watch is finally launched and is wrapped in 18-karat gold and priced as high as $17000. The smartwatch will be available for pre-order in nine countries next month. The battery will last up to 18 hours and users can make and receive calls. There's heavy emphasis on health...
  • Apple shows off 18-K rose gold smartwatch for $17,000. Can it strike gold? March 10, 2015

    San Francisco: Apple launched its long-awaited watch on Monday, including yellow or rose gold models with sapphire faces costing up to $17,000, but some investors questioned whether Chief Executive Tim Cook's first product would be a breakaway hit. Apple's first new device since Cook became CEO will be available for...
  • Badminton: Kidambi Srikanth leads Indian charge at Swiss Open March 9, 2015

    Basel: Top Indian male shuttler Kidambi Srikanth will lead the Indian challenge at the USD 120,000 Swiss Grand Prix Gold badminton championship which gets underway here tomorrow. World No. 5 Srikanth, who hogged the limelight last year after winning the China Super Series Premier, will take on France's Lucas Corvee in...
  • Arun Jaitley proposes gold monetisation through deposit accounts in Union Budget February 28, 2015

    New Delhi: In its first full budget proposed, the Narendra Modi government introduced gold deposit accounts to utilise the 20,000 tonnes available within the country and launched a sovereign gold bond. However, the government kept the import duty at the record 10 per cent in a setback for jewellers. India is...
  • India gold demand muted, eyes cut in import duty February 27, 2015

    Mumbai: India's demand for gold was muted this week as buyers in the world's top consumer of the metal held off purchases ahead of an expected cut in import duty and a likely drop in local prices. But dealers hope to step up purchases, if the import duty is lowered from...
  • '#TheDress' brings together, divides the world on Twitter February 27, 2015

    New Delhi: Twitter got rather too busy this morning as a very puzzling, time consuming and very important question faced its many million users. Solving this could solve their problems is what one would say after reading their reactions on twitter. The question is, what color is '#The Dress'? A...
  • Union Budget 2015: Commerce Ministry seeks cut in gold import duty February 27, 2015

    New Delhi: With a decline in gold imports, Commerce Ministry has sought reduction in import duty on gold, a step that could boost exports and manufacturing of gems and jewellery. "We have been asking for a cut in gold import duty," Commerce Secretary Rajeev Kher told reporters on the sidelines...
  • India seizes record haul of smuggled gold outside airport February 24, 2015

    New Delhi/Mumbai: Gujarat police said they had made the single biggest seizure of gold smuggled into India on Tuesday after arresting six people leaving an airport with 60 kg of the precious metal flown in from Dubai. The arrest is likely to strengthen pressure on Finance Minister Arun Jaitley to cut...
  • Golf: Anirban Lahiri lifts Indian Open title February 22, 2015

    New Delhi: Indian golfer Anirban Lahiri's purple patch continued as he clinched the Hero Indian Open after a thrilling fight at the play-off with overnight leader SSP Chowrasia on a pulsating day at the prestigious Delhi Golf Club on Sunday. With overnight leader Chowrasia returning with five-over 76, Lahiri, who was...
  • 266 kgs gold missing from Sree Padmanabhaswamy temple: Audit report February 14, 2015

    Thiruvananthapuram: As much as 266 kg gold is missing from the famed Sree Padmanabhaswamy temple in Thiruvananthapuram, says former chief government auditor Vinod Rai in his audit report submitted to the apex court. The highlight of the report that has been obtained by media reveals that out of the 893 kgs...
  • Air India crew member caught smuggling 3 kgs gold valued at Rs 78 lakh, claims Customs February 11, 2015

    New Delhi: In yet another major embarassment for national carrier Air India, some of its crew members are alleged to have smuggled gold in the flight. In a letter by the Customs Air Intelligence unit the department has highlighted serious lapses in the customs clearance by the Air India crew....
  • Srikanth, Kashyap in third round of Syed Modi Badminton January 21, 2015

    Lucknow: World number four Kidambi Srikanth and Commonwealth Games champion Parupalli Kashyap sailed into the third round of Syed Modi International Grand Prix Gold badminton tournament after scoring easy wins on what turned out to be a good outing for Indian shuttlers on Wednesday. This was after country's top women shuttlers...
  • Saina Nehwal eyes title defence in Syed Modi Grand Prix Gold Badminton January 19, 2015

    Lucknow: Olympic bronze medallist Saina Nehwal will look to launch the new season with a bang when she starts her title defence at the Syed Modi International Grand Prix Gold Badminton Championship that gets underway with the qualifiers on Tuesday. The 24-year-old, who won the title in 2009 and 2010 when...
  • Indian rupee rises to over 2-month high, up 16 paise Vs US dollar at 61.71 January 19, 2015

    Mumbai: The rupee on Monday jumped by 16 paise to end at over two-month high of 61.71 against the greenback on good inflows in local markets and sustained dollar sales by exporters, extending its winning trend to third straight day. A weak dollar overseas also boosted the sentiment in favour of...
  • Sindhu, Jayaram reach semifinals of Malaysia GPG January 16, 2015

    Kuching: Top Indian shuttlers PV Sindhu and Ajay Jayaram notched up contrasting victories in the women's and men's singles competition respectively to reach the semifinals of the USD 120,000 Malaysia Masters Grand Prix Gold, here on Friday. Two-time World Championship bronze medallist, Sindhu defeated Thailand's Porntip Buranaprasertsuk, seeded fifth, 23-21 21-9...
  • Sindhu, Kashyap advance in Malaysia GP Gold January 15, 2015

    Kuching: Leading Indian shuttler PV Sindhu reached the women's singles quarter-finals of the $120,000 Malaysia Masters Grand Prix Gold while Commonwealth Games gold medallist Parupalli Kashyap entered the men's singles pre-quarterfinals at the Stadium Perpaduan Kuching here on Thursday. Two-time World Championships bronze medallist Sindhu, who won the title here in...
  • Abhinav Bindra retains 10m air rifle national title December 22, 2014

    Pune: India's only individual Olympic gold medallist Abhinav Bindra showed that despite being only a hobby shooter now, he has it in him to continue winning as he successfully defended his 10 metre air rifle title at the 58th National Shooting Championships here Monday. The 32-year-old Punjab marksman shot a total...
  • We had a good chance in Champions Trophy: Sardar Singh December 18, 2014

    Captain of the Indian hockey team, Sardar Singh feels that India had a good chance of winning the Champions Trophy but their aim was to acquire Olympic qualification and win an Asiad gold. ...
  • Gold imports surge over 6-fold to US dollar 5.61 billion in November December 15, 2014

    New Delhi: Gold imports surged by over six-fold to US dollar 5.61 billion (over Rs 35,000 crore) in November primarily due to a spike in demand during the marriage and festival season, raising fresh concerns of widening current account deficit. Imports of the precious metal stood at US dollar 835.83 million...
  • RBI sets 6 pc consumer price index target for 2016 December 2, 2014

    Mumbai: The Reserve Bank of India (RBI) has set a target of 6 per cent for consumer price index by 2016, said RBI Governor Raghuram Rajan adding that inflation is near comfort zone. Talking to Network18, the RBI Governor said inflation has been on the glide path. "We are seeing positive...
  • Gold prices soar by Rs 840 in biggest single-day gain in 2014 December 2, 2014

    New Delhi: Posting this year's biggest single-day rise of Rs 840, gold on Tuesday regained the Rs 27,000 per ten gram level after a gap of over one month in the national capital, tracking rebounds in global markets. In addition, pick-up in domestic demand from jewellers and retailers for the...
  • I-T department ask for details of contract approved by Noida chief engineer December 1, 2014

    The Income Tax Department has sought details of projects approved by Yadav Singh. The I-T department may also open 13 bank accounts belonging to him. Authorities had recovered diamonds worth Rs 100 crore, 2 kilos of gold and Rs 10 crore in cash from his residence earlier this week. ...