Gold

  • Gold, property documents found in Censor Board CEO's locker 11 hours 42 minutes ago

    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 1 week ago

    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 850-950 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 11-month high at $11.76 billion July 16, 2014

    New Delhi: The June trade deficit touched 11-month high to $ 11.76 billion against $ 11.23 billion (MoM) and $ 11.28 billion (Y-o-Y). 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 2013-14 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 2013-14, Parliament was informed on Friday. "Since 2011-12, 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 security-related aid to Thailand, which accounts for roughly half of its $10.5 million in annual...
  • 5.8 kg of gold seized from Indo-Bangla 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 six-inches 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 Kerala-based 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 Dubai-Calicut Emirates flight...
  • TMC MP's gold chain snatched in front of Banga Bhawan June 9, 2014

    New Delhi: Two motorcycle-borne men snatched the gold chain of Trinamool Congress MP Renuka Sinha outside Banga Bhawan on Sunday, police said. Sinha sustained bruises on her neck in the incident. The incident took place at around 9 PM when the MP from Cooch Behar constituency of West Bengal was...
  • 14 gold coins recovered from a digging site at Basodi village in Baran June 6, 2014

    At least 14 gold coins were recovered from a digging site at Basodi village in Baran district, about 82 kilometres from Kota, police said on Friday. One Rampratap Meena of Basodi village found a brass pot dug deep in the land, containing at least 14 gold coins when digging work of...
  • Government cuts import tariff value on gold, silver June 2, 2014

    New Delhi: Government on Monday slashed import tariff value on gold and silver to $408 per 10 grams and $617 per kg respectively, in view of weakness in bullion prices globally. In the second fortnight of May, tariff value on imported gold stood at $424 per 10 grams and silver at...
  • Gold edges up on stray buying; silver rebounds May 30, 2014

    Gold prices gained marginally at the domestic bullion marketin New Delhi on Friday due to mild retail buying support. Silver rebounded sharply after fourth straight session slump on the back of renewed industrial demand. Standard gold (99.5 purity) looked up by Rs 5 to settle at Rs 26,980 per 10 grams from...
  • Gold worth Rs 24 lakh seized from passenger May 30, 2014

    Chennai: Gold valuing Rs 24 lakh was seized today from a passenger who arrived at the airport here from Dubai, airport sources said. Officials of Air Intelligence Unit of Customs recovered silver-coated gold rings weighing 770 gm from Muhamad Musammil Basha, a native of Tiruchirappally, they said. He was found carrying them...
  • Gold worth Rs 25 lakh hidden in man's rectum recovered May 28, 2014

    Kozhikode: Eight hundred grams of gold, worth Rs 25 lakh, concealed in the rectum of a male passenger who arrived here from Dubai, was recovered today by Customs officials at the International Airport here. The man, identified as Asharf from Malappuram, arrived here from Dubai by an Air India flight and...
  • Gold tumbles by Rs 800 as RBI eases import curbs May 22, 2014

    New Delhi: Gold prices tumbled by Rs 800 to hit nine-month low of Rs 28,550 per ten grams in the national capital on Thursday after the Reserve Bank eased import norms. Besides, sluggish demand and subdued global cues also weighed on the precious metal prices. Silver in range-bound movements...
  • Gold tumbles by Rs 800 as RBI eases import curbs May 22, 2014

    Gold prices tumbled by Rs 800 to hit nine-month low of Rs 28,550 per ten grams in the national capital on Thursday after the Reserve Bank eased import norms. Besides, sluggish demand and subdued global cues also weighed on the precious metal prices. Silver in range-bound movements fell by Rs 50...
  • 25 kg gold worth Rs 6.5 cr seized at Mumbai airport; 2 held May 11, 2014

    Mumbai: The Airport Intelligence Unit (AIU) of Mumbai Airport on Sunday arrested two passengers, in two different operations, on their arrival from Dubai and seized over 25 kg gold worth Rs 6.5 crore. This is the highest seizure of smuggled gold from the airport in a day, claimed Milind Lanjewar,...
  • Gold jewellery exports climb, set to keep rising April 30, 2014

    Gold jewellery exports from India rose for a second straight month in March as raw material supply improved after the RBI allowed more banks to import bullion, with industry officials saying the upward trend looks set to continue. Struggling with a ballooning trade deficit, India last year imposed a record duty...
  • SC panel report hints at gold pilferage in Padmanabhaswamy temple April 19, 2014

    New Delhi: Sri Ananthapadmanabha Swamy Temple in Thiruvananthapuram which has gold worth over Rs 1 lakh crore is in the news again. The Supreme Court appointed Amicus Curie and former Solicitor General of India Gopal Subramanian has made some startling revelations in his report to the Apex court. According his...
  • 1.68 crore cash, gold seized on poll day April 18, 2014

    Raids at different places in Jharkhand on Thursday led to seizure of about Rs 1.68 crore cash, gold and silver on poll day. The seizure was made at Hazaribagh, Ranchi, Koderma, Ramgarh, Bokaro and Dhanbad, according to a release issued by the Election Commission. A total of 9.98 gram gold and 18...
  • 125 years of Charlie Chaplin: These are 10, full length Chaplin movies on YouTube you need to watch to celebrate his genius April 16, 2014

    They foiled plots and cracked Nazi codes, but Britain's spies were unable to solve the mystery of Charlie Chaplin's birth. Although the entertainer is celebrated as one of London's most famous sons, declassified files reveal that Britain's MI5 domestic intelligence service found no records to back up Chaplin's claim that...