New Delhi: Gold prices rose by Rs 55 to touch fresh all-time high of Rs 29,750 per 10 grams in the bullion market on Friday on sustained buying from stockists and investors even though the metal declined in global markets. Silver, on the other hand, remained under selling pressure and declined by Rs 300 to Rs 55,900 per kg on lack of buying support. Traders said sustained buying by stockists...
06:22 PM, May 04, 2012
Mumbai: Gold imports are unlikely to rise immediately as the spurt in demand on account of 21-day stir by bullion traders will be met by existing stocks, Bombay Bullion Association on Friday said. "Jewellery manufacturing was completely stopped during the 21-day strike. Therefore, there is an inventory of 5-10 tonnes of gold, which will be used to fulfill the demand. So, we feel import is not likely to rise," Bombay...
02:39 AM, Apr 07, 2012
New Delhi: Bullion and jewellery markets remained closed for tenth straight today in various parts of the country to protest imposition of excise duty on unbranded jewellery and doubling of import duty on gold. Thousands of jewellers and their workers came out in the walled city area to demand withdrawal of the one per cent excise duty imposed on non-branded jewelry, said All India Sarafa Association president Sheel Chand Jain....
05:53 PM, Mar 26, 2012
New Delhi: Finance Minister Pranab Mukherjee on Sunday bluntly told bullion dealers, who have gone on strike against the levies on gold, that their pressure tactics "will simply not not work". Mukherjee in his budget proposals has doubled the basic customs duty on standard gold bars to 4 per cent and non-standard gold to 10 per cent. He has also imposed a one per cent excise duty on unbranded jewellery....
04:40 AM, Mar 19, 2012
Mumbai: Gold prices maintained their spectacular surge and reached fresh highs at the domestic bullion market on Saturday on investment-driven buying fuelled by the ongoing bullish trend in international market. Silver also galloped to revisit its three-month high on hectic speculative activity on the back rising industrial demand. Standard gold (99.5 purity) advanced by Rs 225 per 10 grams to end at Rs 27,975 from Friday's closing level of Rs...
07:57 PM, Aug 20, 2011
New Delhi: Gold climbed to an all-time high of Rs 28,150 per 10 grams in the national capital on Friday, posting its biggest-ever single day gain of Rs 1,310 amid frantic buying triggered by robust demand in global markets. The trading sentiment at home was bolstered by gold's ascent to a record level in overseas markets as mounting concerns over sovereign debt and slower growth spurred investors to seek the...
04:46 PM, Aug 19, 2011
Singapore: Gold edged up on Friday as investors used bullion to shelter from the storm engulfing financial markets on concerns that the United States may be facing another recession and Europe's debt crisis is spreading to some of its largest economies. Gold fell as much as $40 an ounce from a record high on Thursday because investors needed to sell the precious metal to cover losses in other asset classes,...
01:31 PM, Aug 05, 2011
Gold prices struck a record high for a second time this week. ...
05:34 PM, Nov 25, 2009
It is the first time since 2000 that the IMF has sold gold to a Central bank. ...
01:13 AM, Nov 04, 2009
The metal is a favoured mode of investment, especially in turbulence. ...
08:59 AM, Oct 20, 2008
Gold prices registered the highest one-day climb in 26 years. ...
11:55 AM, Sep 18, 2008
Gold is in demand as prices drop, enhancing an import frenzy. ...
11:37 PM, Aug 20, 2008
Kingston: Fritz Harris, general secretary of the Jamaica Cricket Association (JCA), said a mediator should be brought in to adjudicate the ongoing dispute between Chris Gayle and the West Indies Cricket Board (WICB). Harris said the JCA has been quiet on the dispute following inflammatory remarks by the Jamaican captain about the West Indies Cricket Board (WICB) in an interview on a national radio station in May. The JCA is...
12:44 PM, Mar 15, 2008
Prices of both the precious metals, silver and gold, ease on lack of support and arrival of fresh stocks. ...
07:09 PM, Sep 29, 2006
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