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Tag "gold prices"

Low gold prices spark flurry of activity in India

Low gold prices spark flurry of activity in India 0 Updated

🕔16:11, 1.Mar 2021

NEW DELHI: Physical gold demand in India gained momentum this week as retail buyers and jewellers lapped up bullion at near eight-month low prices, while Singapore continued to see steady interest for both gold and silver. Gold futures in India

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Gold outlook continues to be good in medium term: PR Somasundaram

Gold outlook continues to be good in medium term: PR Somasundaram 0 Updated

🕔18:37, 23.Feb 2021

We don’t forecast prices but medium-term fundamentals still seem very solid for gold, says PR Somasundaram, MD-India, World Gold Council. Gold prices are down by about 4% so far this year. What is the outlook for gold prices? We do not forecast

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Gold prices plunge as customs duty cut in Budget 2021

Gold prices plunge as customs duty cut in Budget 2021 0

🕔14:36, 1.Feb 2021

Finance Minister Nirmala Sitharaman in Budget 2021 proposals said that the government will rationalise customs duty on gold and silver. Currently, gold attracts 12.5% import duty. The government announced cut in customs duty on gold and silver to 7.5% from

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Finance minister Sitharaman reduces customs duty on gold, silver

Finance minister Sitharaman reduces customs duty on gold, silver 0 Updated

🕔14:13, 1.Feb 2021

Sitharaman explained that the step was taken due to the increase in prices of the precious metals. According to experts, high customs duty on gold helps the government in reducing gold imports, which is good as it keeps trade deficit

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The pandemic impact -Ticket size of jewellery purchase varies, depending on area

The pandemic impact -Ticket size of jewellery purchase varies, depending on area 0 Updated

🕔21:06, 14.Jan 2021

By Suneeta Kaul Much has been written about the impact of the pandemic on the retail jewellery sector, but the story never seems to get old. Newer and newer aspects of how the COVID-19 disaster has influenced practically every aspect

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Gold caps its best year in a decade with the dollar on the ropes

Gold caps its best year in a decade with the dollar on the ropes 0

🕔17:55, 5.Jan 2021

Bullion hit a record in August as investors feared an unprecedented wave of stimulus by central banks and governments would lead to currency debasement and inflation. Gold posted the biggest annual advance in a decade after a tumultuous year, with gains

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Gold loan providers in India face a rise in robberies as gold prices rise

Gold loan providers in India face a rise in robberies as gold prices rise 0 Updated

🕔12:12, 17.Dec 2020

Gold prices surged in recent months, so did the demand for gold loans. At the same time, robberies have boomed too. According to a report from Hemindra Hazari, an independent analyst, more than eight robbery cases in the past two

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Favre Leuba scaling down is good for Titan but focus remains on jewellery

Favre Leuba scaling down is good for Titan but focus remains on jewellery 0

🕔16:11, 10.Dec 2020

Titan Co. Ltd’s shares are flirting with their 52-week highs on the National Stock Exchange. On Tuesday, the stock was marginally up, following the firm’s announcement that it plans to scale down operations substantially of its wholly owned subsidiary, Favre

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Average ticket size of jewellery sale rises 16 pc in Nov: Report

Average ticket size of jewellery sale rises 16 pc in Nov: Report 0 Updated

🕔18:29, 9.Dec 2020

NEW DELHI: The average ticket size of gold and silver jewellery sale rose 16 per cent in November compared to the previous month despite gold prices hitting record levels, according to a report. There was a 16 per cent increase in ticket size in

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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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