The MCX February gold contract is quoting Rs 510, or 1.8 per cent, lower than the spot market in Mumbai's Zaveri Bazaar's Friday closing price of Rs 28,890 per 10 gm on expectations of an import duty cut. Futures prices are usually higher than spot prices because these include a cost for carrying forward positions, but the market is expecting the government will lower the import duty on gold. The April contract is trading even lower than the February price.With declining imports and a virtual ... Rediff.com, 1 month ago
ED yet to establish any crucial evidence against bullion-cum-hawala trader Manoj Punamiya. 2 Punamiya used intercom services to deal with his clients. 3 Conversations done via intercom between two parties does not get recorded. Since last two weeks, the ...India Today, 1 month ago
Seizes huge quantity of forged hallmarked jewelleryBusiness Standard, 2 weeks ago
Enforcement Directorate (ED) officials on Friday night carried out raids at the offices of four bogus companies in Zaveri Bazaar that were allegedly involved in transferring money into the accounts of bullion traders for the purpose of buying gold. It is ...DNA, 2 months ago
[facebook_video url ="https://www.facebook.com/TimesofIndia/videos/10154942181717139/"] Mumbai: I-T dept conducts raids at jewellery shops in Zaveri BazaarCurrent News India, 1 month ago
Rs 48 lakh cash, including Rs 45 lakh in the new Rs 2,000 denomination, has been seized from an angadia (courier) firm owner in Zaveri Bazaar, a bullion trade hub here, police said today. Acting on a tip-off, sleuths of unit 2 of the crime branch ...Business Standard, 1 month ago
Dealers anticipated a sharp rise in jewellery demand this wedding season, but then came demonetisation.Dilip Kumar Jha/Business Standard reports. India's gold import in November was the highest in this calendar year, due to a sharp increase in demand from bullion dealers and stockists. Trade sources estimate import at 100 tonnes, as compared to 98 tonnes in the same month last year and 84 tonnes in October. Dealers and stockists were anticipating a sharp rise in jewellery demand this wedding ...Rediff.com, 2 months ago
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