Jewellery exports in June 2019 decline by 16% YoY on slow demand from China and Gulf countries

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Gem and jewellery exports declined 16.26 per cent to $2,826 million during June 2019 from $3,375.17 million during the same month last year. Exports during the first quarter of FY20 declined by 10.38 per cent to $9.18 billion from $10.25 billion during the same period last year. Experts say that the trend seen in first quarter is […]

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Coal block auction to start shortly; mines auctioned 4 years ago still behind production target

Union minister Pralhad Joshi Wednesday said the auction of coal blocks would commence “very shortly”. The coal minister also said that major policy changes would also be notified very shortly and expressed hope that the auction would be successful. However, coal mines, which were awarded through flagship e-auction during the BJP’s first term, are still […]

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Near term gold demand may soften, reforms in India and China likely to support long term demand: WGC in Mid-year 2019 Gold Outlook

In its mid-year 2019 gold outlook released today, World Gold Council has said that over the next six to twelve months, financial market uncertainty and accommodative monetary policy will likely support gold investment demand . “Price momentum and positioning may fuel rallies and create pullbacks, as investors continuously reassess their expectations based on new information, […]

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Is it silver’s time to shine brighter than gold?

By Biman Mukherji Often called the poor man’s gold, it may soon be silver’s time to shine brighter for hordes of investors. While turbulent equity markets, geopolitical tensions and expectations of a U.S. Federal Reserve rate cut has driven up gold to six-year highs internationally and all-time highs in India recently, silver has lagged unusually […]

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