Gold, jewellery trade's reax on Union Budget

News n Analysis by , Cosmo Theorist, on the issue of gold consumption and demand. The trend fluctuates not only in the blood of an Indian to have love for gold. The fact remains whatever the govt may take measures to curb it down, it carries only a ...

GOLD premiums in India, the world's biggest buyer, have more than doubled on speculation that government restrictions on bullion imports by banks to rein in a record current account deficit would reduce supplies. The fees jewellers paid dealers for ...

New Delhi, May 13 (IANS) Jewellers across the country registered high sales this Akshay Tritiya Monday as customers emptied their wallets to buy the yellow metal that fell 1.2 percent in international market, holding near its weakest level in two ...

May 13: The efforts being made by the Centre and the Reserve Bank of India to quell gold imports don't seem to be working if sales on Akshaya Tritiya are anything to go by. The market mavens believe that gold imports will continue to rise because of ...

SPOT GOLD PRICES slipped back below $1470 per ounce Thursday morning in London, drifting as world stock markets failed to follow Wall Street higher, where equities yesterday hit new all-time highs. Silver held above $24.00 per ounce, just shy of ...

KOLKATA: Even though gold is said to have entered a bearish phase there is no respite for Indian consumers. They may end up paying more for the yellow metal if the RBI's recent move to restrict banks' bullion imports becomes effective. Jewellers ...

Non productive gold lying with ETF should be channelized through nominated agencies in the domestic market so that Gold import can be reduced. Haresh Soni, Chairman, All India : Restriction on the import of gold on consignment basis by banks only to ...

The Reserve Bank's decision to restrict bank finance to gold imports meant only for jewellery exports will jeopardise the supply system and increase prices apart from boosting grey market, an industry body has said. RBI's restriction on the import ...

Wholesale gold prices hovered around $1,480 an ounce most of Friday morning, around 1% up on the week, as European stock markets edged higher and the Euro regained some ground against the Dollar ahead of the release of key U.S. jobs data for April, ...