Gold Producer

Jump to

India can be major gold producer on privatising two PSUs: Vedanta chairman Anil Agarwal

"We import 99.9 per cent of our requirement. With massive investments, we can be a major producer of gold and a big generator of employment," Agarwal, who is Vedanta chairman, posted on X.
Gold holds above $1,200, but US rate hike worries weigh

Federal Reserve official Jeffrey Lacker repeated on Friday his call for the US central bank to consider hiking interest rates in June, and said there was no shame in adjusting them lower again if economic data demanded it.
Gold miners' reserve cuts: Near-term pain, long-term gain?

However painful, the reserve cuts and associated writedowns are seen helping nurse the sector back to longer-term health by discouraging miners from seeking low-margin growth at the expense of profits. It is a shift most mining executives have promised over the last year and one that investors are keen to see them deliver.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347