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Union Budget 2015-16

Govt to launch gold accounts, keep import duty at record high

Reuters

India will introduce gold deposit accounts to utilise the 20,000 tonnes available within the cou... »

Gold, silver futures move up on firm global cues

PTI

Gold and silver futures prices today climbed tracking a rising trend in global markets.»

Gold futures rise to Rs 26,434 per 10 gm

PTI

Gold prices rose 0.45 per cent to Rs 26,434 per 10 grams at the futures trade as speculators cre... »

Jewellers want gold import duty cut to 2%

Sanjeev Agarwal, CEO, Gitanjali Exports

Our Bureau

Higher levy encouraging smuggling, says industry official »

Govt yet to take call on alpha-numeric code for jewellery

PTI

The government today said it has not yet taken a final decision on its proposal to introduce a n... »
Budget Specials

More shine for gold thru' monetisation scheme

Our Bureau

An effort has been made to tap the huge quantities of gold lying idle in the country, while efforts have also been taken to cut down imports. The Budget proposes a new gold monetisation sch... »

Jewellers, NBFCs welcome gold schemes

Our Bureau

The Budget proposals of gold monetisation schemes and minting of gold coins with the Ashoka figure are good ideas, according to jewellers and gold NBFCs. However, many feel that while the i... »

Budget 2015: Jaitley introduces gold monetisation scheme

India ships in 800-1,000 tonnes of gold a year.

Our Bureau

The Finance Minister proposed to develop an alternate financial asset, a sovereign gold bond, as an alternative to purchasing metal gold. The bonds will carry a fixed rate of interest, and also be... »

Gold set to snap 4-week losing run on Chinese demand

Reuters

Gold advanced for the third session on Friday and was on track to end a four-week losing streak, supported by firm Chinese demand and a change in views on US interest rates, with some again bettin... »

Silver futures climb to Rs 36,650 per kg

PTI

Silver prices rose Rs 195 to Rs 36,650 per kg at the futures trading today as speculators enlarged positions amid a firm trend in precious metals overseas. On the Multi Commodity Exchange,... »

Silver futures move up by Rs 639 per kg

PTI

Silver prices climbed Rs 639 to Rs 36,613 per kg at the futures trading today as participants built up fresh positions supported by a firm global trend.Besides, covering-up of short positio... »

Gold rebounds from 7-week low as Yellen flags flexibility

Reuters

Gold climbed back above $1,200 an ounce on Wednesday after dropping to a seven-week low the session before, with Federal Reserve Chair Janet Yellen indicating flexibility in raising US interest ra... »
Weekly Outlook

MCX silver hovering above its range support

Gurumurthy K, BL Research Bureau

Silver futures traded on the Multi Commodity Exchange (MCX) are tuck in a narrow range and have been hovering above ₹36,000 a kg for about a week now. The immediate outlook is not clear. »

Gold near 7-week low ahead of Yellen speech

Reuters

Gold steadied near a seven-week low on Tuesday as investors looked to Federal Reserve Chair Janet Yellen's Senate testimony for signs of when the US central bank could raise interest rates.... »

Silver futures fall to Rs 36,253 per kg

PTI

Silver prices fell 0.17 per cent to Rs 36,253 per kg at the futures trade today amid profit-booking by speculators and due to a weak global trend.On the Multi Commodity Exchange, silver for... »

Gold hovers near 7-week low after Greek debt deal

Gold seized at Mangalore airport

Gold falls further on weak sentiment; silver gains

Buy Comex gold if it dips to $1,200-05/oz

India's gold imports to rise as RBI eases curbs ahead of budget

Gold futures jump to 26,370 on global cues

Jewellery stocks shine after RBI eases norms

Gold futures rise to Rs 26,308 per 10 gm

Stay away from MCX silver

Budget Special

Monetisation scheme can check imports

RAJALAKSHMI NIRMAL

The changeTo check gold imports and unlock gold estimated at about 20,000 tonnes lying idle with Indian households, the FM has introduced two schemes. One is the gold monetisation scheme whe... »

Gold monetisation scheme encouraging: Kalyan Jewellers chief 

V. Sajeev Kumar

The proposed gold coins with the Ashoka Chakra will encourage recycling of gold among domestic consumers and give a fillip to Make in India, T.S.Kalyanaraman, Chairman and Managing Director, K... »

No spurt in gold imports after removal of restrictions

Our Bureau

Removal of import restrictions on gold has not resulted in a spurt in inflow of the yellow metal, the Survey has observed.Net imports of gems and jewellery in 2014-15 could actually... »

Buy Comex gold if it dips to $1,200-05 per ounce

Comex gold futures edged up higher on Thursday after comments from the Federal Reserve pushed back expectations for a first US rate hike in nearly a decade and bargain hunting from Chinese buyers... »

Gold holds above $1,200 on Fed comments

Reuters

Gold rose for a second session and held above $1,200 an ounce on Thursday as comments from Federal Reserve Chair Janet Yellen led investors to believe US interest rates would start to rise later t... »

Gold futures jump to Rs 26,245 per 10 gm

PTI

Gold prices rose Rs 186 to Rs 26,245 per 10 grams at the futures trade today as speculators created fresh positions amid a firm trend in global markets.On the Multi Commodity Exchange, gold... »
Off Radar

The highs and lows of gold smuggling

Prince Mathews Thomas

A cut in import duty can curb the illicit trade »

US probing big banks on possible metal price rigging

Reuters

The US Department of Justice and the Commodity Futures Trading Commission are investigating at least 10 major banks for possible rigging of precious-metals markets, the Wall Street Journal reporte... »

Malabar Gold pursuing online platform to cut costs

Vinson Kurian

Group Chairman happy with easing risk premium »

Gold futures down at Rs 26,377 per 10 gm

PTI

Gold prices eased 0.3 per cent to Rs 26,377 per 10 grams at the futures trading today as speculators trimmed positions amid subdued global trend. On the Multi Commodity Exchange, gold for... »

‘We like the fundamentals for gold’

Jewellers want gold import duty cut to 2%

Gold treads water as Greek talks eyed

Gold imports will not go up due to RBI measures: Traders

Silver futures surge to 36,799 per kg

Gold extends gains on hopes Fed will delay interest rate hike

RBI further eases gold import norms

Gold near 6-week low as equities recover

Gold may face downside risks on stronger dollar

DATA BANK

Exchange Rate

Dollar Spot Forward Rate

Open-Ended Mutual Funds

MCX-SX Currency Futures

NSE Currency Futures

More Disclosures »

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