The RBI’s strategic adjustments reflect a broader movement towards securing national assets amid global economic uncertainties, reinforcing gold’s enduring value as a secure and stable investment ...
Following a significant decline in March, gold imports rebounded in April, reaching a value of US$3.1bn, more than double the amount of the previous month and...
The gold jewellery demand of 78 tonnes in the first quarter of 2023 was the weakest for the first quarter in India since 2020 Indian consumers...
CHENNAI: Indian entities can hedge their exposure to gold price risk in overseas markets on recognised exchanges in the International Financial Services Centre (IFSC), Gujarat, said...
The RBI on Wednesday came up with norms for facilitating physical import of gold through India International Bullion Exchange IFSC (IIBX) or similar authorised exchange by...
There is a need to establish a gold bank in the country to help monetise physical gold lying with people, Reserve Bank of India’s former deputy...
The finance ministry, the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) are working to bring digital gold, along with...
Most investors have held on to their investments in Sovereign Gold Bonds despite recently getting an opportunity to exit after staying invested for five years. The...
With the highest gold purchase on a half-yearly basis, the Reserve Bank of India’s (RBI) gold reserves, in proportion of its forex reserves, has crossed 700...
With immense financial uncertainty, many have turned to investing in gold as a safe haven.
NEW DELHI: The Supreme Court on Wednesday took note of the Centre’s alleged inaction and asked it to clarify its stand within a week on the...
Reports say that the RBI is looking to hike its gold reserves to 10% of its total reserves as opposed to the current 6.5%. A Central...
Gold prices Monday jumped to Rs 59,300 from Rs 59,290 per 10 gram, while silver climbed to Rs 74,210 from Rs 74,200 per kg, according to Good...
RBI Governor Shaktikanta Das announced that banks can lend up to 90 per cent of the value of gold. It stood at 75 per cent earlier....
India has been myopic about so many things. One of them, tragically, is gold. It has forgotten to exploit its own mines. It gave out licences...
While panic recently gripped the already slowed down Indian economy following media reports on India selling its gold reserves, the country has the 10th largest gold...
Historically, October has been a volatile time for equities and a muted month for gold. The yellow metal has typically shown weakness during the month, but...
Mumbai: The Reserve Bank of India’s direction to all lenders to promote and publicise the Gold Monetisation Scheme (GMS) from their branches underscores the intent of...
World Gold Council, US Geological Survey and other agencies estimate that the total quantity of yellow metal on this planet is around 245,000 tonnes. Of this,...
KOLKATA: The gem and jewellery industry Monday approached the government for a reduction in customs duty on gold in the Union Budget for fiscal 2019-20, to be tabled...
This refers to the report “RBI joins peers to buy gold insurance” (June 17). While it is comforting to note that the RBI is augmenting the gold component in India’s foreign exchange reserves,...
The newly-elected government under Narendra Modi has taken the first step towards punishing wilful defaulters, a problem that has been plaguing the banking industry for the...
The Reserve Bank of India purchased 52.3 tonnes gold in FY19 to augment its foreign exchange reserves, according to the latest data released on Tuesday by the World Gold Council. With this, it has...
It has bought 50.4 tonnes since December 2017. Like Russia and China, the aim is to reduce dependence on the US dollar. The much-coveted yellow metal...
Purchasing gold and investing in the yellow metal has been largely considered auspicious, as far as the buying preferences in India are concerned. A number of...
Gold has been on a steady decline over the past couple of months. From Rs 33,262 per 10 grams on 1 February to Rs 31,854 on...
The Reserve Bank of India, which added 6.5 tonnes of gold to its reserves in January, taking its total holding forming part of its foreign exchange...