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Tag "bullion"

Jewellers bargain on rent, pare store sizes and stocks to stay afloat

Jewellers bargain on rent, pare store sizes and stocks to stay afloat 0

🕔18:06, 28.Jul 2020

The Rs 475,000-crore Indian jewellery sector has entered a consolidation phase with jewellers renegotiating for a 25-30 per cent of cut in rent, reducing store sizes and inventories, and pruning other fixed costs including labour and technology for survival. This situation has

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Gold should be looked as portfolio diversifier, said eminent experts in a Webinar on Gold Investment Opportunity and Price Outlook organised by PHD Chamber

Gold should be looked as portfolio diversifier, said eminent experts in a Webinar on Gold Investment Opportunity and Price Outlook organised by PHD Chamber 0 Updated

🕔11:18, 24.Jul 2020

Gold should be embraced as a portfolio diversifier and hedging strategy by an investor in the current environment. The present difficult time amid pandemic COVID-19  will continue to reinforce the role of gold as a strategic asset,said eminent experts in

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Gold pips $1,800, first time since 2011

Gold pips $1,800, first time since 2011 0 Updated

🕔12:18, 9.Jul 2020

Gold prices on Wednesday breached the $1,800-an-ounce barrier for the first time since 2011 as investors opted for the safe-haven commodity amid mounting fears of rising coronavirus cases. Spot gold jumped 1 per cent to $1,811.55 per ounce by 1512GMT.

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Why gold prices are rising despite weak demand at jewellery shops

Why gold prices are rising despite weak demand at jewellery shops 0

🕔12:06, 6.Jul 2020

Western investors piling into gold in the pandemic are more than making up for a collapse in demand for physical metal from traditional retail buyers in China and India, helping push prices to an eight-year high. Inflows into exchange-traded funds

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India’s June gold imports plunge on record price, lockdown

India’s June gold imports plunge on record price, lockdown 0 Updated

🕔15:09, 3.Jul 2020

India’s gold imports plunged 86% year-on-year in June due to record high prices and as international air travel was banned and many jewellery shops closed amid a nationwide lockdown to curb the spread of coronavirus, a government source said. The world’s

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BSE becomes India’s first exchange to complete physical delivery in Gold mini ‘Options in Goods’ contract

BSE becomes India’s first exchange to complete physical delivery in Gold mini ‘Options in Goods’ contract 0 Updated

🕔15:37, 1.Jul 2020

BSE, Asia’s oldest exchange and the world’s fastest exchange with the speed of 6 microseconds executed maiden delivery of Gold mini on ‘Options in Goods’ framework. The delivery was produced by a Delhi based member while the counterparty buyer was

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UAE gold jewellery sales drop 85%; market recovery in 2021

UAE gold jewellery sales drop 85%; market recovery in 2021 0 Updated

🕔14:47, 30.Jun 2020

Sales of gold jewellery in the UAE have plunged by up to 85 percent due to the pandemic and have yet to pick up even after the local economy reopened, the top official of an industry group told Zawya. Soaring

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SBI mobilises 13,212 kg gold through Gold Monetisation Scheme

SBI mobilises 13,212 kg gold through Gold Monetisation Scheme 0

🕔12:56, 23.Jun 2020

State Bank of India (SBI) has mobilised 13,212 kg of household and institutional gold through the Gold Monetisation Scheme (GMS), according to the state-owned bank’s annual report. It added that the country’s largest lender collected as much as 3,973 kg

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Gold dealers offer big discounts as virus fears stifle demand

Gold dealers offer big discounts as virus fears stifle demand 0

🕔12:40, 6.Jun 2020

BENGALURU/MUMBAI: Physical gold dealers in India offered the highest discounts in about two months this week as customers kept away with corona virus cases in the country continuing to mount, while Singapore saw steady safe haven demand. In thin volume trade, discounts of up

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Gold price today: Rs 46,929 per 10 gm; silver at Rs 48,435 per kg

Gold price today: Rs 46,929 per 10 gm; silver at Rs 48,435 per kg 0

🕔15:05, 30.May 2020

Gold price today fell from Rs 46,995 to Rs 46,929 per 10 gram, while silver price was at Rs 48,435 per kilogram, according to the India Bullion and Jewellers Association (IBJA). The domestic gold futures rose by 0.34 per cent to

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