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Dhanteras rocks Gujarat Gold markets, sees 300 kg sales a day
Jewellers are happy that gold sales are taking place, after all. The spiraling gold prices and high import duty imposed by government reflecting in prices have played a dampener in buying of gold jewellery. Gold purchase by customers have virtually rocked the Gujarat markets with sales taking place to the tune of 300 kg in […]
India enters a really festive mood ahead of Diwali
Another Diwali dhamaka is going on in the country. Purchasing is in full swing. Consumers are bombarded with discount offers for mobile phones, electronic, consumer goods, furniture, accessories, sweets, clothes, fabrics and a large variety of commodities. Diwali , one of the important festivals of India is at our doorstep. Rather than a festival it […]
Gold gains Rs 130, silver Rs 200 on low-level buying
Gold rose by Rs 130 to Rs 31,080 per 10 grams in the bullion market here today, while silver added Rs 200 to Rs 58,200 per kg on buying by retailers and stockists at existing lower levels amid firm global cues. In the previous two trading sessions, gold had lost Rs 550 and silver Rs […]
Gold prices near 10-week low
Gold importers in India stocked the yellow metal in the week preceding key festivals as prices hovered near their lowest level in more than 10 weeks, helped by a weaker rupee and firm world markets. Gold importers in India stocked the yellow metal in the week preceding key festivals as prices hovered near their lowest […]
India, US become top Gold jewelry exporters
World’s largest gold consumer India and the United States overtake Italy as world’s largest gold jewelry exporters. World’s largest gold consumer India and the United States overtake Italy as world’s largest gold jewelry exporters. According to reporters, production costs and higher competitions are the major reasons for the setback the Italians suffered while tariff barriers […]
Why Gold, Silver prices could dive in a flash
Gold prices are rising on expectations that central banks pumping up global money supply will spark inflation. The U.S. and European stimulus programs led to a domino effect at central banks around the world. Gold and silver prices dipped Friday as the dollar strengthened against global currencies on safe-haven buying that followed disappointing U.S. consumer […]
India revises Gold,Silver tariff value
According to official data, tariff value of gold imports is changed to $573 per 10 grams while that of silver is at $1102.50 per kg. India announced changes in import tariff values of gold, silver and brass scraps. According to official data, tariff value of gold imports is changed to $573 per 10 grams while […]
Gold in Euros sets new high as crisis escalates and Spain lays groundwork for bailout
US dollar gold prices hovered near seven-month highs above $1780 an ounce for most of Friday morning’s London trading – a few Dollars up on where they started the week – while stocks failed to hold early gains after a analysts interpreted Spain’s budget as “laying the groundwork” for a formal bailout. Silver prices eased […]
Three reasons why Gold Miner stocks not going up
Gold prices have been sky-rocketing and many analysts peg prices to climb to $2000-$2500 levels in a span of year or more. From $272/oz in the year of 2000 to $1,750 today, the journey has been breath-taking. Now, one would assume that gold prices skyrocketing, the companies that mine gold out there should also see […]
India Gold jewellers benefit from expansion to small towns: CRISIL
India gold jewellery retailers have continued to perform well despite the economic slowdown and their sales growth was fuelled by opening of new outlets in new territories, according to a report by CRISIL. The jewellery retailers are expected to sustain growth momentum on rise in gold and additional revenue from new outlets, CRISIL report added. […]
