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Gold jumped by Rs 450 on wedding sesonal demand, global cues

Gold jumped by Rs 450 on wedding sesonal demand, global cues

Breaking two days of losses, the prices of gold jumped by Rs 450 to Rs 31,250 per ten grams in the capital city today on emergence of buying by stockists at existing lower levels for the current marriage season amid ...

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NSEL crisis: Over 30 brokers under regulatory scanner

NSEL crisis: Over 30 brokers under regulatory scanner

As the NSEL crisis deepens, the role of at least 32 brokerage houses has been under the scanner on suspicion charging high transaction charges and the delivery of portfolio management and margin funds to their clients, in violation of regulations. ...

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Gold premium demand near record high on limited supply

Gold premium demand near record high on limited supply

The demand for gold in the country was strong Wednesday, but with limited supplies were forcing jewelers to pay a premium near record high. The actively traded gold February futures on the Multi Commodity Exchange (MCX) rose 0.12 percent to ...

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Gold extends losses by Rs 215 to Rs 30,800 on global cues

Gold extends losses by Rs 215 to Rs 30,800 on global cues

Gold extended losses for the second straight day by the loss of Rs 215 to Rs 30,800 per ten grams in the capital city today in the continued selling by stockists in line with weakening global trend. Silver did the ...

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Silver imports surge 40% in October, hit 3-month high

Silver imports surge 40% in October, hit 3-month high

Silver imports surged to a 3-month in October and are on track to achieve a record this year, Thomson Reuters GFMS data showed, as buyers opt for precious metal instead of expensive gold to meet the high seasonal demand. Over ...

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Govt slashes tariff value on imported gold & silver, global ques

Govt slashes tariff value on imported gold & silver, global ques

Government yesterday slashed import tariff value of gold and silver to 405 USD per ten grams and 642 USD per kg, respectively, in line with global trends. The value of the import tariff is the base price on which the ...

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NSEL scam: EOW seized 26 defaulters properties worth Rs 2,066 cr

NSEL scam: EOW seized 26 defaulters properties worth Rs 2066 cr

The Economic Offences Wing (EOW) of the Mumbai Police has been linked to the preliminary valuation of the seized properties of the 26 defaulters in the National Spot Exchange scam (NSEL) at Rs 2066.41 crore. 173 Seized assets include real estate, stocks ...

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With gold scarce supply, Indian wedding buyers recycle jewellery

With gold scarce supply, Indian wedding buyers recycle jewellery

Given higher premiums to secure  scarce gold supplies, relatives and guests at Indian weddings are having their old relics melted for reuse as traditional gifts. Along the narrow streets of the historic Gems Zaveri Bazaar in Mumbai, many stores display ...

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