Gold

  • Asian Games 2014: Mary Kom punches first boxing gold January 14, 1410

    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 January 12, 1410

    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 4 days ago

    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 5 days ago

    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 6 days ago

    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...
  • June trade deficit touches 11month high at $11.76 billion July 16, 2014

    New Delhi: The June trade deficit touched 11month high to $ 11.76 billion against $ 11.23 billion (MoM) and $ 11.28 billion (YoY). Though the imports dipped slightly to $ 38.24 billion against $ 39.23 billion on a month on month basis, it grew 8.3 per cent on a year...
  • Gold jewellery import dips 80 pc from Thailand in 201314 July 11, 2014

    New Delhi: Amid concerns over the certificate of origin issue, import of gold jewellery from Thailand has dipped by 80.7 per cent to Rs 100.46 crore (351 kg) in 201314, Parliament was informed on Friday. "Since 201112, import of gold jewellery from Thailand has come down," Commerce and Industry Minister...
  • Despite no Budget sops, gold zooms on buying; silver also up July 10, 2014

    Mumbai: Gold rose sharply and reclaimed the key Rs 28,000 per 10 grams mark at the bullion market on Thursday on emergence of frantic buying by stockists and speculators amid strong global sentiment. Silver too surged and closed above the Rs 46,000 per kg level on the back of heavy industrial...
  • India may cut gold import duty at Budget: Industry official July 9, 2014

    Mumbai: India is likely to cut its gold import duty to 6 per cent from a record 10 per cent in Thursday's Budget, leading to a rise in imports in the second half, a senior official at the country's biggest gold trade group said on Wednesday. Higher overseas purchases by the...
  • Gold swaps to cut imports, ease payment pressure July 4, 2014

    Mumbai: A plan by the Reserve Bank of India (RBI) to swap old gold in its vaults for purer metal abroad that it could pledge or sell would have the added benefits of reducing gold imports and easing pressure on the balance of payments. The RBI would sell relatively impure gold...
  • Budget 2014 should help NBFC sector serve Indians better: Muthoot Finance July 3, 2014

    Muthoot Finance is the largest gold financing company in India in terms of loan portfolio, according to the 2010 update to the IMaCS Research & Analytics Industry Reports, Gold Loans Market in India, 2009. With the Narendra Modi government ready to present its first Union Budget on July 10, 2014,...
  • US cuts more Thailand aid, considers moving exercises June 25, 2014

    Washington: The United States said it has suspended more assistance to Thailand in response to a military coup and was considering moving a major regional exercise out of the kingdom. Washington has blocked $4.7 million in securityrelated aid to Thailand, which accounts for roughly half of its $10.5 million in annual...
  • 5.8 kg of gold seized from IndoBangla border; one held June 19, 2014

    Kolkata: BSF troops on Thursday seized over 5 kgs of gold, including 27 biscuits made of the yellow metal, when the cache was being smuggled across West Bengal's border with Bangladesh. Officials said that a Border Security Force patrol early on Thursday morning apprehended a person from Amudia border post...
  • Kerala: Gold rods, sheets seized from air passenger June 19, 2014

    Kochi: Nearly 700 grams of gold allegedly smuggled in different forms were seized by customs personnel from a passenger who arrived at the airport from Sharjah on Thursday. The passenger had kept concealed two sixinches long gold rods and four gold sheets, totally weighing 699.5 grams and valued at about Rs...
  • Delhi: Man held with 50 gold biscuits at IGIA June 13, 2014

    New Delhi: A passenger has been apprehended by CISF at the Indira Gandhi International Airport (IGIA) for allegedly smuggling in 50 gold biscuits from Dubai. The incident happened on Thursday morning when a Keralabased person identified as Ashref K arrived from Dubai. Central Industrial Security Force officials intercepted him on suspicion...
  • Kerala: Gold worth about Rs 36 lakh seized from three passengers June 12, 2014

    Kozhikode: About 1.092 kg of gold valued at approximately Rs 36 lakh has been seized from three passengers who arrived in different flights at nearby Karipur International Airport, customs officials said. They said that 234 grams of gold was seized from a woman passenger who arrived by a DubaiCalicut Emirates flight...