Dec 05, 2016 at 08:12 | Source: PTI
The state-run bullion trader, which has already tied up with over half a dozen banks, has so far sold one lakh pieces of "Indian Gold Coin" and has set a target of selling 5 lakhs units in the next few years. The coin is available in denominations of 5gm, 10gm and 20 gm bar.
Dec 03, 2016 at 10:26 | Source: Reuters
Deutsche Bank AG has agreed to pay USD 60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense.
Nov 23, 2016 at 12:53 | Source: Reuters
Bullish homes sales data has added to signs of an improved US economic outlook, with federal funds futures implying traders are pricing in a 100 pct chance of a December rate rise, according to the CME Group's FedWatch Tool.
Nov 16, 2016 at 15:28 | Source: Reuters
India is the world's second biggest gold buyer, and it is estimated that one-third of its annual demand of up to 1,000 tonnes is paid for in black money - untaxed funds held in secret by citizens in cash that don't appear in any official accounts.
Nov 09, 2016 at 14:39 | Source: CNBC
Traders clamored into safe havens such as gold and US Treasurys, but many simply did not know what they would do when trading opened Wednesday, because of the uncertainty about the New York businessman's policies.
Nov 09, 2016 at 12:27 | Source: Moneycontrol.com
The crackdown on Rs 500 and Rs 1000 denomination notes has led to a sudden surge in demand for gold. People having huge stash of unaccounted cash are trying to convert their wealth into gold as they fear scrutiny by the tax department if the cash is deposited in banks.
Nov 07, 2016 at 15:00 | Source: PTI
Sentiment took a hit after gold tumbled overseas amid positive developments on the US election front, strengthening the dollar and diminishing appeal of the precious metal as a safe-haven, bullion traders said.
Oct 28, 2016 at 14:54 | Source: PTI
A weak trend in the precious metals overseas mainly led to the fall in gold prices, bullion traders said.
Oct 17, 2016 at 11:34 | Source: Reuters
Home to the world's biggest buyers China and India, Asia's importance has been on the rise as the key source of demand for gold, but bullion traders in the region are often exposed to intraday price volatility and overnight foreign exchange risks with benchmark prices currently being set out of London.
Oct 12, 2016 at 14:42 | Source: PTI
Traders said that besides a weak trend in overseas markets, fall in demand from jewellers in domestic spot market put pressure on gold prices.