GOLD

  • Arun Jaitley proposes gold monetisation through deposit accounts in Union Budget 6 hours 7 minutes ago

    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 Yesterday

    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 Yesterday

    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 Yesterday

    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 4 days ago

    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 6 days ago

    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. ...
  • After recovering diamonds worth Rs 100 crore, Rs 10 crore cash, I-T department to probe UP chief engineer's bank lockers December 1, 2014

    New Delhi: The Income Tax department will open bank lockers of Uttar Pradesh Chief Engineer Yadav Singh in at least 12 banks located in Noida, Delhi and Ghaziabad on Monday, said sources. The I-T department had recovered diamonds worth Rs 100 crore, Rs 10 crore in cash and around 2...
  • The last of the golden generation of hockey felicitated November 29, 2014

    The Indian hockey medal winners were felicitated by the Sports ministry that won against Pakistan in 1964 to clinch gold at the Tokyo Olympics. ...
  • India eases gold import rule in surprise move November 29, 2014

    Mumbai: India has scrapped a rule mandating traders to export 20 per cent of all gold imported into the country, in a surprise move that could cut smuggling and raise legal shipments into the world's second-biggest consumer of the metal after China. Along with a record duty of 10 per cent,...
  • Sindhu, Prannoy in quarters, Praneeth bows out in Macau November 27, 2014

    Macau: PV Sindhu and HS Prannoy entered the quarterfinals of the women's and men's singles of the Macau Grand Prix Gold after posting hard-fought victories in their respective matches, here on Friday. However, it was curtains for B Sai Praneeth, who went down fighting against Sony Dwi Kuncoro of Indonesia in...
  • Shuttlers PV Sindhu, HS Prannoy, B Sai Praneeth win in Macau November 26, 2014

    Macau: Defending champion PV Sindhu reached the pre-quarterfinals of the Macau Grand Prix Gold in women's singles while HS Prannoy and B Sai Praneeth too tasted victories in men's singles as Indian shuttlers had a good day in office on Wednesday. World No. 10 Sindhu took a little less than half...
  • Coimbatore: Rs 1.70 crore of gold ornaments stolen from financial firm November 24, 2014

    Coimbatore: Gold ornaments worth Rs 1.70 crore and Rs 5.6 lakh in cash were stolen from a city- based private financial firm dealing in gold loans, police said. A woman sweeper noticed the main doors of the firm at Kovaipudur area open and informed the security guard. He in turn...
  • Government to announce curbs on gold import in a day or two: Sources November 18, 2014

    New Delhi: 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. "Things are being worked out by the Finance Ministry and some announcements (restrictions) may come in a day or...
  • RBI talking to government about more gold import curbs November 17, 2014

    New Delhi: The Reserve Bank of India (RBI) is in talks with the government to increase curbs on gold imports, Deputy Governor SS Mundra said on Monday, reflecting policymakers concerns that a jump in inbound shipments will worsen the country's trade deficit. Mundra's comments come on the same day that trade...
  • Gold prices decline to over 3-year low on global cues November 5, 2014

    New Delhi: Gold prices plunged by Rs 450 to trade at over three-year low of Rs 25,900 per 10 grams in the national capital on Wednesday as the dollar's strength dampened demand for the precious metal. Besides, low demand from jewellers and retailers who preferred to defer their buying activity...
  • Gold remains weak amid poor buying sentiment November 4, 2014

    Mumbai: Gold prices slipped further at the domestic bullion market on Tuesday due to reduced off-take by stockists as well as retailers. Elsewhere, silver continued its relentless fall owing to lack of industrial demand. Standard gold (99.5 purity) moved down by Rs 30 to settle at Rs 25,955 per 10 grams...
  • Government cuts import tariff value on gold, silver November 2, 2014

    New Delhi: The government on Saturday slashed import tariff value on gold to $391 per 10 grams and silver to $551 per kg following weak global price trends. During the last fortnight, the tariff value on imported gold was fixed at $401 per 10g and on silver at $575 per kg. The...