Gold prices in the national capital declined by Rs 119 to Rs 46,613 per 10 gram amid an overnight decline in international precious metal prices. In the previous trade, the precious metal had settled at Rs 46,732 per 10 gram. Silver also tumbled Rs 517 to Rs 61,671 per kilogram from Rs 62,188 per kilogram […]
The gem and jewellery exports witnessed a growth of 45.2 per cent during October at Rs 31,241.09 crore ($ 4,170.59 million) compared to the same month last year due to strong demand from key markets, led by the US, Gem and Jewellery Export Promotion Council (GJEPC) said. The overall exports during October 2020 stood at […]
Gold exchange-traded funds (ETFs) continue to attract investor attention as they garnered net assets worth Rs 303 crore in October 2021 due to festive season demand. This was, however, lower than the net inflow of Rs 446 crore seen in September. Before this, the segment saw a net inflow of Rs 24 crore in the […]
Polishing a diminishing sheen, sales of gold jewellery and coins are set to touch pre-COVID levels in volume terms on the auspicious Dhanteras festival,, Easing pandemic concerns and pent up demand saw consumers flocking to stores to buy the precious metal. Increased footfall at stores and brisk sales online as well as relatively softer gold […]
India’s gold demand has seen a 47 per cent year-on-year jump in the July-September quarter to 139.1 tonnes, following strong rebound in economic activity and recovering consumer demand, the World Gold Council said in a report. According to the World Gold Council (WGC), gold demand in India is bouncing back to pre-COVID levels and going […]
The demand for gold is likely to remain subdued this year following Covid-related disruptions that continues in India, the World Gold Council (WGC) said in a report. However, in 2022, the impact of pent-up demand for the precious metal is likely to herald a period of robust demand, the report suggested. Demand for gold may be more […]
The index of mineral production of mining and quarrying sector for August stood at 103.8, which was 23.6 per cent higher as compared to the year-ago month, the mines ministry said on Monday. The cumulative growth for the April-August 2020-21 period has increased 25.1 per cent as against the year-ago period, the ministry said in […]
India’s gold imports touched about $ 24 billion during April-September 2021 due to higher demand in the country, according to data from the Commerce Ministry. Imports of the yellow metal was $ 6.8 billion in the corresponding period last year, the data showed. This will have a strong bearing on India’s current account deficit (CAD). […]
Tamil Nadu Chief Minister M K Stalin has started preliminary work to melt the unutilised jewellery in possession of the temples in the state into 24 carat gold bars, reports Press Trust of India. Initially, the gold ornaments lying unutilised at the three renowned temples of Sri Karumariamman temple in Tiruverkadu, Sri Mariamman temple in Samayapuram and […]
India’s gold imports in September soared 658 per cent from last year’s lower base as a correction in local prices to the lowest level in nearly six months prompted jewellers to step up purchases for the upcoming festive season, Reuters reports. Retail demand has been improving and jewellery stores are registering good footfall. Higher imports […]
