Government hikes import tariff value on gold, silver
NEW DELHI: The government today hiked import tariff value on gold to $401 per 10 grams and on silver to $543 per kg in line with global price trends. The tariff value on imported gold was at $392 per 10 grams and for silver it was at $519 per kg in the first fortnight of this month. The import... read more »
Gold Edges Towards 12-Week High on Safe-Haven Demand
Singapore: Gold edged up for a third session out of four to hover near a 12-week peak on Wednesday, bolstered by safe-haven demand as tumbling oil prices and worries over global economic growth hit equities. FUNDAMENTALS Spot gold had ticked up 0.1 per cent to $1,231.80 an ounce by 0045 GMT. Gold... read more »
Gold firm ahead of US nonfarm payrolls report
SINGAPORE — Gold rose on Friday ahead of a closely watched US jobs report and the metal was set to post its first weekly gain in four thanks to safe-haven bids amid political uncertainty in Greece and robust Chinese demand. Spot gold ticked up 0.3% to $1,212.21/oz by 3.08am GMT but it was below a... read more »
India not planning further curbs on gold imports – trade secretary
India is not planning to impose any further curbs on gold imports as the current account deficit is under control, Trade Secretary Rajeev Kher said on Wednesday. The South Asian country has imported 7 tonnes of gold so far in January, while 39 tonnes of gold was imported in December, Kher said... read more »
More from Gold & Metals
Gold Falls by Rs 45 to Rs 27,265 on Sluggish Demand
New Delhi: In a mixed pattern of trading, gold prices declined by Rs 45 to Rs 27,265 per 10 grams at the bullion market on Monday, owing to slackened demand from jewelers at prevailing... read more »
NEW DELHI: Any revision in gold import duty is unlikely to take place before the Budget and there is no proposal as of now to reduce the 10 per duty, a finance ministry official... read more »
With gold prices falling, jewellers increase inventory levels
Trying to tap the falling gold prices, lakhs of jewellers across the country are increasing their inventory levels. Around 225 tonne of gold was imported in India in the last two months... read more »
Appetite for jewellery boosts India gold demand: WGC
Indian appetite for gold jumped by more than a third in the last quarter, in sharp contrast to the rest of the world, boosted by jewellery demand for the wedding season, an industry body... read more »
Gold, silver at multi-year lows on overseas cues
NEW DELHI: Gold and silver prices slumped to their multi-year lows to trade at Rs 25,800 per 10 grams and Rs 34,900 per kg, respectively in the national capital today amid weak cues from global... read more »
