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Delhi gold by Rs 70 and silver by Rs 75 fall on profit-selling

Delhi gold, silver prices fall on profit-selling, weak global cues

Following three days of gains, the prices of gold fell today by Rs 70 to Rs 30,500 per ten grams in Delhi on profit-selling by stockists at prevailing highest level amid a weak global trend. Silver is also fell by ...

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IT department keep an eye on jewelry buying

IT department keep an eye on jewelery buying

After RBI’s decision to change old notes, gold jewellery sales shot up 10-15 per cent on Monday. IT department not only the bank but also will look at jewelers buying. Income Tax department to inform those who seek to replace ...

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Sonia effect? Govt may axe 80:20 scheme for gold import

Gold import: Govt may axe 80:20 scheme

The government is considering the possibility of ending the controversial scheme 80:20 to import gold, partly in an attempt to ease restrictions on imports of the yellow metal which led to an increase in smuggling. The program started in July ...

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Sonia Gandhi: reduce import duty on gold

Sonia Gandhi seeks gold import duty cut

To reduce the import duty on gold Congress President Sonia Gandhi has intervened. To reduce the import duty on gold Sonia Gandhi has written letters to the concerned Ministries of Commerce, reported CNBC-Awaaz. Sonia Gandhi wrote a letter to commerce ...

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One more shareholder director appoints on MCX Board

MCX appoints one more shareholder director on its Board

On of the major commodity exchanges MCX India, said today that it has named Rajiv S Abhyankar, CEO of Bank of Baroda, as a shareholder director on the board to fulfill the revised guidelines. Abhyankar’s appointment as shareholder director on the board ...

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Indian gold futures fall in line with overseas markets

Gold futures in India fell a for second straight day on Wednesday

Gold futures in India fell a for second straight day on Wednesday, in line with overseas markets, and a stronger rupee. The most active gold for delivery in February declined 0.31 percent at 29,151 rupees per 10 grams at 3:25 ...

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NCDEX launch gold mini futures contact

NCDEX launch gold mini futures contact

NCDEX to increase its gold portfolio has launched the gold mini futures contact. Offering Agri commodities futures trading, the country’s largest commodity exchange NCDEX is now increasing focused on gold. After the great response to Gold hedge futures market, NCDEX ...

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FMC approve permanent trading in commodity futures to MCX, NCDEX, NMCE and ACE

FMC approve permanent trading in commodity futures to MCX, NCDEX, NMCE and ACE

Commodity Market Regulator FMC has given permanent approval to four national exchanges – MCX, NCDEX, NMCE and ACE – for commercial launch trade in particular set of futures contracts, instead of providing the permission of a base year. This relaxation ...

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