No takers for silver despite low prices, demand plunges 40% in a month
Jun 19, 2013 at 13:16 | Source:
KOLKATA: Demand for silver jewellery and coins has dropped by almost 40% in the last one month although prices have fallen to 43,000 per kg from 55,000 per kg in June last year. The metal has also lost its flavour as an investment product and the tra...
Hauz Khas Village: The hypocrisy of high-end 'alternative' chic
Jun 19, 2013 at 13:15 | Source:
Its a Saturday afternoon, and it's time to head out the door. Not to anywhere as declasse as a mall or predictable as the run-of-the-mill overpriced Dilli restaurant. That wouldn't do for someone who thinks green, eats organic and is single-mindedly ...
Yohan Blake out of Jamaican champs, to run just 100m at worlds
Jun 19, 2013 at 11:46 | Source:
Olympic double sprint silver medallist Yohan Blake will only run in the 100 metres at the World Athletics Championships in Moscow after he withdrew from this weekend s Jamaican national championships, his manager said on Tuesday. Blake suffered a ha...
Gold futures edge up to near one-week high
Jun 19, 2013 at 06:00 | Source:
MUMBAI (Reuters) - Gold futures edged up on Tuesday to their highest in nearly a week, helped by a weaker rupee, which was not far from its record low. Silver also moved higher.* The actively traded gold for August delivery on the Multi Commodity Exc...
Coach Ruma Chatterjee demise a major setback for Indian cycling
Jun 19, 2013 at 05:56 | Source:
The tragic death of India s cycling coach Ruma Chatterjee in a road accident on the Noida Expressway Tuesday morning has come as a major setback for the national team that was preparing for the World Championships. Ruma, who hails from Kolkata, was ...
Carl Icahn revamps Dell offer, urges rejection of buyout
Jun 19, 2013 at 05:11 | Source:
NEW YORK: Corporate raider Carl Icahn revamped his proposal on Tuesday for embattled computer company Dell, calling for a big share buyback in a plan which would keep the company public. Icahn, who has lambasted a go-private plan led by founder Mich...
Gold prices retreat ahead of Fed meeting
Jun 19, 2013 at 04:30 | Source:
LONDON (Reuters) - Gold prices fell on Tuesday as traders took to the sidelines ahead of a Federal Reserve policy meeting they hope will give greater clarity on the outlook for U.S. monetary policy.The Fed meets this week amid intense speculation tha...
Coach Ruma's demise a major setback for Indian cycling
Jun 19, 2013 at 01:30 | Source:
New Delhi, June 18 (IANS) The tragic death of India's cycling coach Ruma Chatterjee in a road accident on the Noida Expressway Tuesday morning has come as a major setback for the national team that was preparing for the World Championships.Ruma, who ...
Rupee hits record closing low of 58.77 against dollar
Jun 18, 2013 at 23:30 | Source:
The Indian rupee hit a record closing low of 58.77 against the dollar on Tuesday on lingering worries over the country s current account deficit. The partially convertible rupee closed at 58.77 at the interbank foreign exchange market here, surpassi...
Value of jewellery exports rises as rupee slides
Jun 18, 2013 at 21:41 | Source:
The Hindu BusinessLine
Kochi, June 18: The weakening of the rupee against the dollar is a double-edged weapon for the gold jewellery chains, especially those based in Kerala. On the one hand, the depreciation in the rupee has led to costs of imported gold rising. On the o...
Gold, silver prices rebound on weak rupee
Jun 18, 2013 at 21:02 | Source:
Both the precious metals, gold and silver, rebounded here today on stockists buying amid concerns over weakening rupee. While gold surged by Rs 230 to Rs 28,480 per ten grams, silver gained Rs 250 to Rs 44,600 per kg on increased offtake. STOCK MARK...
Newest hotel amenity: In-room rice cooker?
Jun 18, 2013 at 19:42 | Source:
As hotels and resorts fall over themselves to cater to the surge in cash-rich Chinese tourists with a taste for luxury goods and silver service, experts say U.S. travelers may also reap the benefits. Last month, a group of Chinese-backed investors m...
Gold, silver prices rebound on weak rupee
Jun 18, 2013 at 17:06 | Source:
NEW DELHI: Both the precious metals, gold and silver, rebounded here today on stockists buying amid concerns over weakening rupee. While gold surged by Rs 230 to Rs 28,480 per ten grams, silver gained Rs 250 to Rs 44,600 per kg on increased offtake....
Silver futures rise to Rs 43,950 per kg
Jun 18, 2013 at 15:42 | Source:
The Hindu BusinessLine
New Delhi, June 18: Silver prices rose Rs 353 to Rs 43,950 per kg at the futures trading today as speculators created fresh positions buoyed by a firm global trend.On the Multi Commodity Exchange, silver for delivery in July traded higher by Rs 353 ...
Gold futures dip as Fed tapering questions linger
Jun 18, 2013 at 11:37 | Source:
LOS ANGELES (MarketWatch) — Prices for gold futures moved lower Tuesday, a cautious direction for the market as investors faced the possibility that the U.S. Federal Reserve will decide to slow the pace of its stimulus efforts. Gold for August del...
India's April-May trade deficit rises over 22 % to $38 billion
Jun 18, 2013 at 09:52 | Source:
India added $20.14 billion to its trade deficit in May 2013, taking the country's negative trade balance for the first two months of the current fiscal (April-May 2013-14) to $37.93 billion. At $37,930.96 million, India trade deficit for April-May 2...
Trade gap widens in May
Jun 18, 2013 at 07:47 | Source:
Calcutta Telegraph News
New Delhi, June 17: A nearly 90 per cent annual jump in gold and silver imports saw the country’s trade deficit rise to a seven month high of $20.14 billion in May from $17.8 billion in April. The gap was $16.9 billion in May last year. Financ...
Gold slips as US equities rise, FOMC in focus
Jun 18, 2013 at 04:26 | Source:
NEW YORK/LONDON: Gold fell around 0.5 per cent in quiet trade on Monday as a Wall Street rally reduced the need for safe-haven buying and investors awaited this week's US Federal Reserve meeting for signals on the central bank's monetary stimulus pla...
Gold, silver trade lower; physical demand poor
Jun 18, 2013 at 03:15 | Source:
MUMBAI (Reuters) - Indian gold and silver futures traded slightly lower on Monday, still consolidating in recent price ranges, with the physical market witnessing subdued demand in a seasonally slow period after a series of government measures to con...