Keyur Shah

Keyur Shah, CEO-Precious Metals Business at Muthoot Pappachan, said the company has partnered with Kabali producers only to join the 'celebration' and Rajinikanth fans have already booked 100 kg silver coins.

Muthoot Group opens gold recycling centre in Vijayawada

Keyur Shah, CEO, Muthoot Precious Metals Division, inaugurated the centre, Muthoot Gold Point in Vijayawada, around 270 km from here.

Analysts, industry players welcome gold schemes

Largest private sector lender ICICI Bank said these schemes are an important step towards unlocking USD 800 billion of gold wealth and channelising it towards development.

Drought dents India gold demand; prices still appealing

Two straight years of drought in India - for only the fourth time in over a century - have hit gold demand in the world's No.2 consumer and could cut imports by up to 10 percent in 2015, said Padmanabhan, head of a regional gold federation.

Muthoot Fincorp plans gold recycling centres across country

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 another one in Chennai, Muthoot Fincorp Director Thomas George Muthoot told Media.

Foreign investors cry foul over Indian tax surprise

US and European investor groups have called for the Indian government to urgently clarify its tax regime for foreigners, following surprise attempts by tax inspectors to claw back money they say is owed on years of previously untaxed gains.

Gold prices to rise after Budget keeps import duty high

Gold premiums in top consumer India could jump to as much as USD 5 an ounce over world prices next week, from being almost at par, after Finance Minister Arun Jaitley surprised jewellers by maintaining import duty at a record level in Saturday's budget.