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30-11-2015| Source:SME Mentor
Banks are now in talks with institutions and temples to popularise the gold monetisation scheme. The Economic Affairs department will review the progress
Export of gems and jewellery from India dipped by about 18.33 percent to USD 18.09 billion during April-October due to declining prices of gold, weak global demand and a sharp rise in return
Watch the interview of Ravindra Rao of Anand Rathi Commodities with Latha Venkatesh and Sonia Shenoy on CNBC-TV18. He spoke about the current trend in commodities markets.
Spot gold was little changed at USD 1,057 an ounce by 0028 GMT, after dropping 1.2 percent in the previous trading session. The metal was within striking distance of USD 1,052.46, the lowest since
The meeting, to be chaired by economic affairs secretary Shaktikanta Das, is also likely to be attended by RBI deputy governor HR Khan, an official said.
Spot prices were down about 2 percent for the week. US gold futures hit a six-year low of USD 1,051.10 an ounce before closing down 1.3 percent at USD 1,056.20 and skidding to a sixth straight weekly
Government today said Gold Bond scheme got overwhelming response from retail investors with 63,000 applications amounting to Rs 246 crore, while the gold monetisation scheme, which has so far
Watch the interview of Himanshu Gupta, Senior Research Analyst at Karvy Comtrade with Reema Tendulkar and Nigel D'Souza on CNBC-TV18. He spoke about the current trend in commodities markets.
Watch the interview of Kishore Narne of Motilal Oswal Commodity with Ekta Batra and Sonia Shenoy on CNBC-TV18. He spoke about the current trend in commodities markets.
27-11-2015| Source:SME Mentor
Government initiatives to pull more cash out from under India's mattresses have had little success. A recent gold deposit scheme to monetise more of the 20,000 tonnes of gold Indians have hoarded has
Gold dipped towards its lowest level in nearly six years on Friday and was on track for a sixth straight weekly decline, weakened by a robust dollar and expectations of a US interest rate hike next
Here's another sign that investors are getting tetchy about the performance of precious metals such as gold.According to Bank of America Merrill Lynch's weekly flows report, investors yanked USD 1
their preference to hold gold and property.
According to the All India Gems and Jewellery Trade Federation, India has imported 850 tonnes of gold during January-September period of 2015 as against 650 tonnes in the year-ago period.
26-11-2015| Source:SME Mentor
The Indian rupee has fallen over 5 percent this year, restricting the drop in local gold prices to 5.5 percent, compared with a 9.3 percent drop in US dollar denominated gold.
The sluggish demand could halve imports by the world's second-biggest gold consumer in US dollar terms in the final quarter, a retailer and two bank dealers said, putting further pressure on global
Watch the interview of Ravindra Rao of Anand Rathi commodities with Anuj Singhal and Ekta Batra on CNBC-TV18. He spoke about the current trend in commodities markets.
Watch the interview of T Gnanasekar of Commtrendz Research & Fund Management with Latha Venkatesh and Sonia Shenoy on CNBC-TV18. He spoke about the current trend in commodities markets.
Many investors are still attracted towards gold, and they keep looking for better options to invest in gold. With the launch of gold bonds, there is one more option available with the investor. Does
Gold imports more than doubled to USD 4.95 billion in August. But it started declining in September and October. Higher import of the yellow metal has adverse bearing on India's current account
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