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Tag "bullion"

Gold prices are dropping and could go all the way to $1,660 levels

Gold prices are dropping and could go all the way to $1,660 levels 0

🕔14:49, 30.Nov 2020

London: Gold slid below $1,800 an ounce to the lowest since July as positive vaccine news and a clearer political picture continued to undermine the safe haven. Bullion fell steeply in a repeat of losses, when news of AstraZeneca Plc’s

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Dubai’s DMCC alleges LBMA norms on gold sourcing targeted to undermine its success in bullion trade

Dubai’s DMCC alleges LBMA norms on gold sourcing targeted to undermine its success in bullion trade 0

🕔16:29, 24.Nov 2020

The London Bullion Market Association (LBMA) recent move to check laundering and “conflict” gold by fixing some norms is being strongly opposed by at least three gold marketing centres, including India. The strongest criticism of the move has come from

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Jeweller confidence revives on festive demand hopes for gold

Jeweller confidence revives on festive demand hopes for gold 0

🕔14:02, 11.Nov 2020

As bullion imports improved during the July-September period on a quarter-on-quarter (QoQ) basis, a Motilal Oswal report has said that the improved demand shows revival in confidence among jewellers about the strong festive and wedding demand anticipated in the fourth

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Sovereign Gold Bond: RBI fixes issue price at Rs 5,177 per gram ahead of Diwali, subscription from Nov 9

Sovereign Gold Bond: RBI fixes issue price at Rs 5,177 per gram ahead of Diwali, subscription from Nov 9 0 Updated

🕔12:00, 10.Nov 2020

The issue price for the Sovereign Gold Bond has been fixed at Rs 5,177 per gram of gold, the Reserve Bank of India said in a statement on Friday. The Sovereign Gold Bond Scheme 2020-21-Series VIII will be opened for

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Better-than-expected gold buying cheers jewellers this Diwali

Better-than-expected gold buying cheers jewellers this Diwali 0

🕔11:45, 10.Nov 2020

Purchases remain nearly half of last year’s levels but brings cheer to jewellers A sharp rally of about 40 per cent in gold prices over the past one year — mostly owing to the Covid crisis — has not deterred

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Jewellers bet on ‘Dhanteras’; expect to clock 70% of last year’s biz

Jewellers bet on ‘Dhanteras’; expect to clock 70% of last year’s biz 0 Updated

🕔15:57, 9.Nov 2020

Mumbai: Jewellers are betting on recovery and are optimistic that a rebound in the economy and pent up demand will help boost sales during this ‘Dhanteras’ and the industry is likely to do up to 70 per cent of last

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Gold recycling hits 8-year-high on record prices

Gold recycling hits 8-year-high on record prices 0 Updated

🕔17:47, 5.Nov 2020

Distressed jewellers join consumers in melting inventory to meet short-term stress High gold prices pushed the recycling of the yellow metal to an eight-year-high of 41 tonnes in the September quarter, with both consumers and some of the distressed jewellers

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Gold demand rebounds in India but this time it’s not jewellery; yellow metal attracts investors

Gold demand rebounds in India but this time it’s not jewellery; yellow metal attracts investors 0 Updated

🕔16:55, 5.Nov 2020

India’s gold consumer demand has seen a strong rebound in the July-September quarter, however, investment has a bigger role to play than jewellery in the increased demand. Overall gold consumer demand — including jewellery, bars and coins — witnessed a

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India gold premiums rise as jewellers boost festive stocks

India gold premiums rise as jewellers boost festive stocks 0

🕔14:47, 26.Oct 2020

BENGALURU/MUMBAI: Gold premiums in India jumped to their highest in nearly three months this week, as jewellers continued to stock up on hopes of more customers visiting stores as the festive season gathers pace. Indians celebrate Dussehra on Sunday and Diwali and Dhanteras in November, when

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Normal jewellery collected by a woman in a married life of 25 years cannot be treated as Unexplained income – HC

Normal jewellery collected by a woman in a married life of 25 years cannot be treated as Unexplained income – HC 0 Updated

🕔13:27, 30.Sep 2020

Unexplained income simply means any income for which assessee do not have valid explanation about the nature or source or the assessing officer is not satisfied with the explanation provided by the assessee. Under the provisions of Income-tax Act, 1961

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