Bullion

  • Gold prices drop to near one-month low; demand sluggish 12-09-2013 03:19 PM

    Mumbai: Gold prices in India fell to their lowest in nearly one month on Thursday, tracking overseas markets, but spot demand was subdued as jewellers hugged the sidelines hoping for prices to drop further. At 1345 IST, the benchmark October contract on the Multi Commodity Exchange (MCX) was 1.36 per...
  • RBI says not considering converting idle gold into bullion 31-08-2013 07:14 PM

    Mumbai: The Reserve Bank of India said on Saturday it was not considering converting India's idle gold into bullion according to a statement. Reuters had reported that the central bank was planning to ask banks to buy household gold and divert it to precious metal refiners in an effort to...
  • No proposal to convert idle gold into bullion: RBI 31-08-2013 04:46 PM

    The Reserve Bank of India on Saturday said it is not contemplating any proposal to buy idle gold and convert it into bullion. "The RBI clarifies that no such proposal is under its consideration at this juncture," the apex bank said in a statement. There have been media reports that...
  • Gold skids below Rs 27k level on global cues 26-06-2013 05:02 PM

    New Delhi: Gold prices on Wednesday plunged to one-month low by losing Rs 620 to Rs 26,680 per 10 grams on hectic selling by stockists, triggered by a steep fall in the precious metal's prices overseas. The current fall in the yellow metal prices placed it to a level last...
  • 'Govt may take more steps to curb gold import' 03-06-2013 08:07 PM

    New Delhi: The Finance Ministry on Monday said the government could take more steps to reduce gold imports, which may include banning sale of the yellow metal by banks. "More steps will have to be taken to reduce gold imports. Export import policy on gold will have to be reviewed....
  • Gold falls to three-week lows on stronger dollar 15-05-2013 05:10 PM

    London: Gold fell for the fifth straight session on Wednesday, hitting a three-week low as the dollar strengthened to a six-week high versus the euro after weak euro zone data. While gold has recovered around 7 per cent from a two-year trough of $1.321.35 an ounce hit in mid-April, its...
  • Gold climbs as a rebound in prices fails to curb investor appetite 29-04-2013 09:21 AM

    Singapore: Gold ticked up on Monday, holding near its highest level in more than a week, as a rebound in prices from a 2-year trough failed to curb investor appetite for the precious metal. Spot gold had risen $1.15 an ounce to $1,463.65 by 0025 GMT, having posted its biggest...
  • Government slashes tariff value of gold, silver 16-04-2013 07:43 PM

    New Delhi: The government on Tuesday slashed the tariff value of gold and silver to USD 499 per 10 grams and USD 890 per kg, respectively, taking into account weak global prices of the precious metals. Tariff value is the base price on which the customs duty is determined to...
  • Drop in gold prices: Why is the yellow metal losing its sheen? 15-04-2013 11:24 PM

    Gold prices have slipped in the past six months and the near-term outlook is bearish. Why is the yellow metal losing its sheen and is it time to dump the metal from your portfolio? ...
  • Sensex gains 115; gold, silver hit multi-year low 15-04-2013 09:50 AM

    Mumbai: The market ended on a strong note on Monday after inflation data hit a fresh 40-month low at 5.96 per cent. Core inflation data was also below 4 per cent. Banking stocks closed with smart gains on hopes of a rate cut by the central bank on May 3....
  • Gold extends its golden run; silver also shines 20-08-2011 07:57 PM

    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...
  • Gold hits an all-time high of Rs 28,150/ 10 gm 19-08-2011 04:46 PM

    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...
  • Gold bounces as Asian stocks dive 05-08-2011 01:31 PM

    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...
  • Gold rush worldwide, govts run for precious metal 15-03-2008 12:44 PM

    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...
  • Festival bonanza: Gold prices ease out 29-09-2006 07:09 PM

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