Gold prices fall by 0.21 per cent in futures trade on global cues
Gold prices eased by 0.21 per cent to Rs 26,800 per 10 grams in futures trade on Tuesday, tracking a weak global trend, as speculators offloaded their position. Market analysts said the fall in gold futures was mostly due to a weakening trend in the global market. At the Multi Commodity Exchange... read more »
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 levels even as metal rise in global markets. Silver, however, found fresh buying support from industrial users and... 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 said. “On import duty (on gold) there is no decision at the moment. Import duty whatever has to be done will form... 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 ahead of the Diwali festival and the marriage season. Almost a fourth of that has been used to replenish... read more »
