Gold sales likely to decline 50% on Dhanteras

Gold may lose its glitter this Dhanteras as a sharp rise in the prices of the yellow metal has weakened its demand in the domestic market, according to experts. “On Dhanteras, the gold sales touch around 40 tonnes every year. However, the weak demand may decrease the sales by 50 per cent this year,” Surendra … Read moreGold sales likely to decline 50% on Dhanteras

Next 5 years, I would buy both gold and equities: Rakesh Jhunjhunwala

Cleanups done, you will see second generation reforms from the government in its second tenure, says Rakesh Jhunjhunwala, Founder, Rare Enterprises. Excerpts from an interview with ETNOW. What is Rakesh Jhunjhunwala a successful investor? Is it because of your attitude, understanding risk or is it pure luck?You can never predict how market will react. You … Read moreNext 5 years, I would buy both gold and equities: Rakesh Jhunjhunwala

Exports decline 6 per cent to $26.13 billion; trade deficit narrows

NEW DELHI: India’s exports dropped by 6.05 per cent to USD 26.13 billion in August compared to the year-ago month, official data released on Friday showed. Imports too declined by 13.45 per cent to USD 39.58 billion, narrowing trade deficit to USD 13.45 billion in August. The deficit was USD 17.92 billion in August last … Read moreExports decline 6 per cent to $26.13 billion; trade deficit narrows

Jewellery Industry Hit By “Recession”, Job Losses Likely: Industry Body

The industry body said the hike in customs duty and the present GST rate is affecting customer sentiment. Kolkata:  The jewellery industry is witnessing a “recession” and skilled artisans are staring at the prospect of job losses, the All India Gem and Jewellery Domestic Council said on Monday. It also sought lower customs duty on … Read moreJewellery Industry Hit By “Recession”, Job Losses Likely: Industry Body

Dangerous debt levels may take gold prices back to $1,450 level

The gold experienced a significant historic breakout in June. At present, it has broken April 2013 high and made a fresh 2019 high. Although it failed to sustain above $1,450, but even a breach for gold is considered bullish. From here on we expect gold to consolidate till $1,405 before resuming its uptrend. Many fundamentals … Read moreDangerous debt levels may take gold prices back to $1,450 level

Budget 2019: 10 things consumers should know

1. With increase in taxes, the prices of petrol and diesel are likely to increase between Rs 2.3 and Rs 3 per litre across India. If you are commuting by personal vehicle in Mumbai and spending Rs 5,000 per month on petrol or diesel, you will have to burn Rs 180 more for the same … Read moreBudget 2019: 10 things consumers should know

Budget 2019: Gems & jewellery sector seeks cut in gold import duty to 4%

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On the onset of the Union Budget for 2019-20, the gems and jewellery sector has unanimously sought reduction of gold import duty to 4 per cent to check smuggling in a big way. In a representation, the All India Gem and Jewellery Domestic Council (GJC) said the 10 per cent import duty on gold was … Read moreBudget 2019: Gems & jewellery sector seeks cut in gold import duty to 4%

Gold Rate Today: Gold advances on uptick in spot demand, positive global cues

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Gold prices climbed in futures trade on Tuesday in the light of positive global trend while an uptick in demand by jewellers at spot markets further supported the yellow metal. In international markets, gold prices edged higher as the dollar pulled back from multi-week highs ahead of the US Federal Reserve’s two-day monetary policy meeting, … Read moreGold Rate Today: Gold advances on uptick in spot demand, positive global cues

Trade war effect: Gold may touch $1,390 level as outlook brightens

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Escalating trade war between the US and China and shaky global growth outlook has been supporting gold prices in the international markets. Economic indicators are signalling slowdown in the global economy after Donald Trump administration imposed hefty tariffs on China. The World Bank has also slashed its growth forecast for 2019 to 2.60 per cent. … Read moreTrade war effect: Gold may touch $1,390 level as outlook brightens

Speculators indicating silver’s bottom may be near

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Gold futures have bounced back above the $1,300 level on the back of renewed trade war fears. The US has targeted Mexico now and will implement 5 per cent tariffs until they stop the flow of illegal immigration into the US, Donald Trump said. Gold prices saw reflection of risk-off sentiment, while silver also jumped, … Read moreSpeculators indicating silver’s bottom may be near

23 Tonnes Of Gold Bought On Akshaya Tritiya By Indians

23 Tonnes Of Gold Bought On Akshaya Tritiya By Indians

Akshaya Tritiya is considered auspicious for purchasing precious metals. Indians bought 23-tonne gold on the occasion on Akshaya Tritiya this year, a rise of four tonne as compared to the previous year, said Surendra Mehta, National Secretary of the India Bullion and Jewellers Association (IBJA), on Wednesday. Market sources said the bullion market was abuzz … Read more23 Tonnes Of Gold Bought On Akshaya Tritiya By Indians

Gold: Data prints from US suggest it is time to go bottom fishing in gold

By Pritam Kumar Patnaik Gold has just had an eventful week: a slew of data released last week kept gold prices volatile. US GDP data was in focus, which came in towards the end of the week. Post GDP data release, gold prices corrected sharply only to recover and close marginally higher. US GDP grew … Read moreGold: Data prints from US suggest it is time to go bottom fishing in gold

Gold: Gold’s near term outlook bearish but prices may top $1,320 by June

Gold has been stuck in the $1,270-1,320 range for sometime now. The bulls are getting frustrated over metal’s languid performance. At present, investors are in risk on mode and so gold is no longer attracting safety of flight. Results season has started and once again investors are feeling optimist over a turnaround and are pouring … Read moreGold: Gold’s near term outlook bearish but prices may top $1,320 by June

Six Kenyans held at IGIA with gold worth Rs 1.78 crore | delhi news

Customs officials at Delhi’s Indira Gandhi International Airport have arrested six Kenyan women, including a mother-daughter duo, who were trying to allegedly smuggle into the country gold worth Rs 1.78 crore. Officials said the recovered gold was in the form of dust, jewellery, cut pieces and chains. According to the officers, early Saturday, a team … Read moreSix Kenyans held at IGIA with gold worth Rs 1.78 crore | delhi news

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