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The company's EBITDA loss was due to substantial reduction in gold imports, said CMD Ved Prakash.
According to Angel Commodities, gold prices are expected to trade lower taking cues from international markets.
Watch the interview of T Gnanasekar of CommTrendz Research & Fund Management with Ekta Batra and Anuj Singhal on CNBC-TV18. He spoke about the current trend in commodities markets.
Gold was trading close to its lowest level in over a week on Monday after Federal Reserve Chair Janet Yellen indicated the US central bank was likely to raise interest rates this year
The group has launched Muthoot Gold Point to recycle gold jewellery into bars at a nominal cost. It has already been running a pilot centre in Coimbatore for the past three months and just started
Goldm prices on MCX gained on Friday. MCX Goldm July contract was trading at Rs 27390 up Rs 127, or 0.47 percent.
Gold prices on MCX were trading higher on Friday. MCX Gold August contract was trading at Rs 27410 up Rs 65, or 0.24 percent.
Spot gold was little changed at USD 1,207.01 an ounce by 0048 GMT, after dropping 0.3 percent in the previous session.
glut was easing.Brent crude is hovering around the USD 66 per barrel mark.Gold prices, meanwhile, held steady at around USD 1205 an ounce.
Goldguinea prices on MCX were trading flat on Thursday. MCX Goldguinea June contract was trading at Rs 21900 down Rs 23, or 0.10 percent.
According to Sushil Finance, gold prices are likely to trade negative on the back of U.S. Federal Reserve monetary policy meeting minutes.
NCDEX brings more transparency into Gold Pricing in India.
Gold prices on MCX were trading flat on Thursday. MCX Gold August contract was trading at Rs 27530 up Rs 27, or 0.10 percent.
Plan & Prudent Plan and Birla Sun Life Gold Fund, with effect from May 25, 2015.Accordingly, the revised exit load will be 1.00% of applicable NAV, for redemptions / switch out of units within 365
Gold was little changed above USD 1,200 an ounce on Thursday, as minutes from the Federal Reserve's policy meet showed the US central bank was unlikely to hike interest rates in June, in line
have moderated, it is excellent for us. Inflation is low because oil prices are low... I don't think in days to come inflation (will be a) significant challenge," he told AIR's FM Gold channel
Chirag MehtaQuantum Mutual FundThe Gold monetisation scheme, as spelled in the draft guidelines at least, seems to be a good start but more work is required if it needs to succeed. The scheme does
Goldguinea prices on MCX were trading flat on Wednesday. MCX Goldguinea June contract was trading at Rs 21940 down Re 1.
Watch the interview of Aurobinda Prasad Gayan of Kotak Commodities with Ekta Batra and Anuj Singhal on CNBC-TV18. He spoke about the current trend in commodities markets.
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