GOLD

  • Demand for gold surges once again this festive season Yesterday

    Bangalore: The demand for gold has surged once again as the festive and wedding season are underway. With the arrival of Dussehra, Dhanteras, Diwali, the excitement of jewellers and goldsmiths is more palpable than it was last year. The 2013 festive season took a hit from multiple fronts - raw material...
  • A gold Tata Nano, a shirt made of solid gold and gold slippers: 10 strange things made of gold that show how much Indians love Dhanteras and the yellow metal 2 days ago

    Dhanteras kicks off the Diwali festive season in India. This is one day when every Indian spends exorbitantly buying gold and other expensive metals as they bring prosperity and good luck on this auspicious day.Indians and their love for gold is well established. All our jewelleries for as long as...
  • Watch: Shop owners in Delhi expect high sales on Dhanteras 2 days ago

    As Diwali festivities pick up, people across the country will be on a shopping spree on Dhanteras on Tuesday. The day is considered auspicious for buying jewellery and utensils. Jewellers are expecting a huge rush this time as the gold prices are much lower. ...
  • Sri Lankan military to return Tamil civilians' gold October 15, 2014

    Colombo: Sri Lanka's military announced it would return unspecified quantities of gold jewellery recovered from a battle site dating to the crushing of separatist Tamil Tiger rebels more than five years ago. Security forces have identified 2,377 "legitimate claimants" and 25 of them were handed back their gold ornaments by...
  • P Chidambaram advises against lifting curbs on gold imports October 12, 2014

    Mumbai: Former finance minister P Chidambaram has advocated against lifting of curbs on gold imports, saying the benefits accruing from restrictions would far outweigh problems like spurt in smuggling. "No. Not in my view," Chidambaram, who initiated these measures as the Finance Minister in the previous UPA regime in the face...
  • Indian athletes are the true heroes and we must all do our bit to support them: Saif Ali Khan October 8, 2014

    Mumbai: Actor-producer Saif Ali Khan has been appointed the brand ambassador of Olympic Gold Quest (OGQ) to raise funds for the training of the athletes supported by the not-for-profit organisation. He has committed a contribution of Rs.20 lakh annually to the NGO until the Rio Olympics 2016. OGQ is co-founded...
  • Asian Games 2014: India women clinch kabaddi gold in Incheon October 3, 2014

    Incheon: The Indian women's kabaddi team beat Iran in the final to clinch the gold medal at the 17th Asian Games in Incheon on Friday. India defeated Iran 31-21 Songdo Global University Gymnasium to continue their dominance in the discipline at the Asiad. India won the gold in Guangzhou, four years ago...
  • Asiad hockey gold extra special, Olympics next target: Sports Minister October 2, 2014

    New Delhi: Congratulating Indian men's hockey team for winning a 'historic' gold at the ongoing Incheon Asian Games, Sports Minister Sarbananda Sonowal on Thursday said that the government will provide every possible help to hockey for 2016 Rio Olympics. India beat archrivals Pakistan 4-2 in a nervy shootout to regain the...
  • Hockey greats laud Asian Games gold but say there's work ahead October 2, 2014

    New Delhi: Hockey greats Balbir Singh Sr and Ajit Pal Singh on Thursday hailed India's Asian Games gold medal winning effort but felt the players still have a mountain to climb to succeed at the world and Olympics level. The former stars said the win over Pakistan will give the sport...
  • Asian Games: India beat Pakistan to win hockey gold, reach Olympics October 2, 2014

    Indian hockey gave the world a timely reminder on Thursday to not count them out yet as the men from the land of hockey beat Pakistan in nervy penalty shootout to win the Asian Games gold after 16 years. After the re-designed regulation period of 60 min ended in a 1-1...
  • Is Mary Kom India's greatest female athlete? October 2, 2014

    Five-time world champion and Olympic bronze-medallist Mary Kom was the undisputed star of the day as she beat Kazakhstan's Zhaina Shekerbekova 2-0 to improve on the bronze medal she won in the previous edition of the Games, where women boxers made their debut. ...
  • Asian Games 2014: Mary Kom punches first boxing gold October 1, 2014

    India's Mary Kom won her final bout against Kazakh opponent and won the first boxing gold medal for India in Incheon. ...
  • Asian Games 2014: Magnificent Mary Kom pummels her rival to win historic gold October 1, 2014

    Incheon: MC Mary Kom on Wednesday became the first Indian woman boxer to clinch a gold medal at the Asian Games after she came from behind to beat Kazakhstan's Zhaina Shekerbekova in the flyweight (51KG) summit clash here on Wednesday. The lone Indian boxer in action today, Mary Kom defeated Shekerbekova...
  • Gold edges up on stray support, silver recovers September 27, 2014

    Mumbai: Gold prices gained modestly, in an otherwise lacklustre and cautious trade at the domestic bullion market owing to stray buying support. Elsewhere, silver recovered owing to renewed industrial buying. Standard gold (99.5 purity) moved-up by Rs 5 to close at Rs 26,760 per 10 grams from Friday's level of...
  • China's gold imports more for holiday; Indian demand set to climb September 26, 2014

    Singapore: Top bullion consumer China has been importing more gold in September than in the previous month due to demand from retailers stocking up for the upcoming National Day holiday, market sources said. Demand in India - the second biggest buyer of the metal - is also set to pick up...
  • Bangladesh becoming gold smuggling hub: Officials September 25, 2014

    Dhaka: Bangladesh has seen a huge leap in gold smuggling to neighbouring India, the customs intelligence chief said. Mainul Hossain Khan said his team was catching gold smugglers red-handed every day at the country's two international airports, with bullion brought in mainly from the Middle East and believed destined for...
  • Kerala: Gold worth Rs 35 lakh seized from passenger September 21, 2014

    Kozhikode: About 1.27 kg of gold worth approximately Rs 35 lakh was seized on Sunday by Customs officials from a passenger who arrived at nearby Karipur international airport. The man had arrived here from Sharjah on an Air India Express flight. The gold was found concealed in a loudspeaker in his...
  • Asian Games gold earns shooter Jitu Rai Rs. 50 lakh award September 21, 2014

    Lucknow: Uttar Pradesh chief minister Akhilesh Yadav announced a cash award of Rs. 50 lakh for ace shooter Jitu Rai, who won a gold medal at the ongoing Incheon Asian Games on Saturday. A government spokesman said that the chief minister was happy that world No. 5 Rai, who was from...
  • Tamil Nadu: 100 sovereigns of gold ornaments stolen from shop September 13, 2014

    Coimbatore: At least 100 sovereigns of gold ornaments were looted from a jewellery shop at Sowripalayam area in the city on Saturday, police said. The miscreants gained entry by drilling a hole on the shutters of the shop on the first floor of a building, located in a busy area. Neighbours...
  • India's love affair with gold may be over as prices slide September 12, 2014

    Vangal: Kiran Laxman Salunkhe used to buy jewellery during religious festivals, but sliding gold prices have led the young farmer to break with his family's traditional investment. This year Salunkhe has deposited his hardearned savings at the bank for the first time in a decade and bought farmland. "I bought jewellery when...
  • Kerala: 1.05 kg gold seized from passenger September 10, 2014

    Kozhikode: Over one kg of gold, valued approximately at Rs 26 lakh, was today seized from a passenger who arrived by a DubaiKarippur Air India Express flight at nearby Karipur International airport,officials said. The gold, weighing 1.05 kg, was concealed in electronic goods and was seized from the...
  • Man nabbed with gold worth Rs 49 lakh at Ahmedabad airport September 6, 2014

    Ahmedabad: A domestic passenger was arrested today at the airport here for allegedly trying to smuggle gold items, some of them hidden inside his body, worth around Rs 49 lakh, customs officials said. The accused, Avinash Kumar, a resident of Jalandhar in Punjab, was intercepted at the city airport on suspicion....
  • Gujarat: Two held with 3.2 kg gold worth Rs 89 lakh from city airport September 3, 2014

    Ahmedabad: Two people were held on Wednesday with 3.2 kg gold worth Rs 88.88 lakh at the Sardar Vallabhbhai Patel International (SVPI) Airport here by the customs department. "Two passengers were held today by the Customs at SVPI Airport, Ahmedabad, trying to smuggle gold bars weighing 3,200 grams," an official...
  • Gold dips below Rs 28,000level on weak global cues September 3, 2014

    New Delhi: Continuing its losing streak for the fourth straight day, gold prices dipped below the Rs 28,000level by falling Rs 70 to hit over twomonth low of Rs 27,950 per 10 grams in the national capital on Wednesday on sustained selling by stockists amid a weakening global trend. Silver also...
  • Gold, property documents found in Censor Board CEO's locker August 21, 2014

    Mumbai: CBI, which is probing the alleged bribery case involving CEO of Central Board of Film Certification Rakesh Kumar, had found 1.5 kg of gold in his locker in Vadodara in Gujarat. It, however, did not specify if it was a bank locker or a locker at residence. "We feel this...
  • Gold import rules likely to stay until next year: World Gold Council August 14, 2014

    Singapore: Indian gold demand in 2014 will fall below last year's record levels as import restrictions are expected to remain in place, despite an improvement in demand in the second half of the year, the World Gold Council (WGC) said. Demand in 2014 will be 850950 tonnes, the industry body said,...
  • A gold Tata Nano, a shirt made of solid gold and gold slippers: 10 photos of the strangest things made of gold show why Indians are obsessed with the yellow metal August 8, 2014

    Indians have been trading in gold since time immemorial. Gold is a part of our lives. All our jewelleries for as long as we can remember have been made of gold. It forms a large part of the bridal trousseau. Let's face it. Indians track gold prices like a hawk...
  • Maharashtra: Yeola Corporator to wear gold shirt worth Rs 1.3 crore on his birthday August 6, 2014

    Yeola: James Bond's rival had a golden gun. This school dropout is acquiring a golden shirt that weighs four kilograms and costs a staggering Rs 1.30 crore ($214,000). But then, Pankaj Parakh, a school dropout who made his fortune from his garment fabrication business and who is a corporator to boot,...
  • Air India staff found smuggling gold July 30, 2014

    New Delhi: Authorities have found 13 cases of gold smuggling by employees of the national carrier, Air India, over the past three years and the current year, the junior civil aviation minister said on Wednesday. India, the biggest buyer of gold after China, last year imposed a record 10 percent import...
  • Delhi police recovers 1 kg stolen gold from Gaya July 30, 2014

    Delhi Police on Tuesday raided a village in Gaya district of Bihar and arrested a man who had stolen 1 kg gold from a jewellery shop in New Delhi. The gold was also recovered from the arrested person. Gaya Senior Superintendent of Police (SSP) Nishant Kumar Tiwary said the raid by...