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Supreme Court asks Centre to clarify stand on interest waiver during moratorium

Supreme Court asks Centre to clarify stand on interest waiver during moratorium 0

🕔13:03, 1.Sep 2020

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 waiver of interest on interest for deferred payments of instalments for loans during the

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Here’s why Reserve Bank of India may be looking to boost its gold reserve

Here’s why Reserve Bank of India may be looking to boost its gold reserve 0

🕔16:22, 20.Aug 2020

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 Bank buys gold for the same reason that households do. It’s a safe investment.

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Gold prices at Rs 59,300 per 10 gm, silver jumps to Rs 74,210 a kg

Gold prices at Rs 59,300 per 10 gm, silver jumps to Rs 74,210 a kg 0

🕔12:08, 10.Aug 2020

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 Returns website. Gold jewellery prices vary across India, the second-largest consumer of the metal,

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Get more from gold, as RBI increases the lending limit against the yellow metal

Get more from gold, as RBI increases the lending limit against the yellow metal 0

🕔12:56, 7.Aug 2020

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. This relaxation will be available till March 31, 2021. So, you can borrow more

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The case for bullion banking in India

The case for bullion banking in India 0 Updated

🕔15:14, 27.Dec 2019

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 to private players almost a decade ago, but not a single mine could be

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India has 10th largest gold reserves in the world, reveals World Gold Council data

India has 10th largest gold reserves in the world, reveals World Gold Council data 0

🕔14:47, 4.Nov 2019

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 reserves in the world, revealed data released on Friday on the world official gold

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Both fundamental and technical factors favouring gold on long side

Both fundamental and technical factors favouring gold on long side 0 Updated

🕔13:34, 23.Oct 2019

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 this time it was different on account of recession fears. On Oct 3, ISM

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RBI directs banks to be more proactive on GMS

RBI directs banks to be more proactive on GMS 0

🕔16:27, 20.Aug 2019

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 the banking regulator to make the Scheme a success, said officials from two private

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Gold schemes: Don’t just tweak, revamp them

Gold schemes: Don’t just tweak, revamp them 0

🕔15:58, 27.Jun 2019

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, 190,000 tonnes is ‘above the ground stock’ and 55,000 tonnes is ‘below the ground’—being

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Gem and jewellery industry seeks lower customs duty on gold

Gem and jewellery industry seeks lower customs duty on gold 0 Updated

🕔13:09, 25.Jun 2019

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 in Parliament on July 5. At present, the customs duty on gold is 10

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