Centre revives plan to make hallmarking of gold jewellery mandatory; Gold and silver prices soar

The centre has revived its intention to make hallmarking mandatory for gold jewellery and plans to notify the regulation in WTO in a week time, a top official was quoted in a Press Trust of India report. Bureau of Indian Standards (BIS) Director General Surina Rajan, however, assured the jewellery traders that the process would be […]

Read more

Rising gold prices boost India’s forex reserves

The Reserve Bank of India’s (RBI’s) strategy to add gold to forex reserves has started bearing fruits. The rising price of the precious metal has helped the central bank increase overall forex reserves despite currency reserves not rising, and sometimes even falling. According to the RBI’s forex reserves data, put out every week, its foreign currency reserves […]

Read more

WGC releases ‘Blueprint for Gold Spot Exchange in India: Report of the Industry Steering Committee’

Chaired by the World Gold Council, the industry steering committee  has released a blueprint for Gold Spot Exchange in India. The report is both wide ranging and inclusive, covering the vision of the industry committee for the future, combined with pragmatic guidance around successful implementation of the Gold Spot Exchange in India. A feasibility study […]

Read more

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, […]

Read more