NEW DELHI: It is not just Indian households which look to bring gold into their lockers. On Dhanteras, the Reserve Bank of India disclosed that it has shipped another 102 tonnes of gold from Bank of England’s vaults in London to secure locations within the country.At the end of September, of the 855 tonnes of…
Representative image Gold raced past the $2,700 mark for the first time on Friday, extending a rally driven by expectations of further monetary policy easing and safe-haven demand due to uncertainty about the U.S. presidential elections and Middle East conflicts. Spot gold rose 0.6% to $2,709.81 per ounce by 1145 GMT, having hit an all-time…
Representative image Kolkata: Gold touched a new high of ₹78,300 per 10 gm on Wednesday due to safe-haven buying amid escalating tensions in the Middle East, and lower US bond yields. Market participants are expecting the yellow metal to rise further if global geopolitical uncertainties worsen. Prices rose by ₹1,500 per 10 gm compared to…
Representative image New Delhi: Gold prices are witnessing a strong resurgence in both international and domestic markets, with increased jewellery buying and investment activities expected to persist, according to the latest report from the World Gold Council. Rural demand, in particular, is showing signs of recovery. With an improved monsoon season and higher crop sowing…
Gold ETFs back in demand! Investors are showing renewed interest in gold Exchange Traded Funds (ETFs) due to the absence of new Sovereign Gold Bond (SGB) offerings from the government and recent tax rate reductions on funds backed by the precious metal.In the past four months, gold ETFs, which are traded on stock exchanges, have…
Gold price outlook: Goldman Sachs predicts that gold is most likely to experience a price increase in the near future due to its popularity as a risk hedge. The bank believes that upcoming US Federal Reserve rate cuts will attract Western capital back into the gold market, which has been largely absent during the sharp…
Sovereign Gold Bonds: The Reserve Bank of India (RBI) has declared early redemptions for 30 series of Sovereign Gold Bonds (SGBs) maturing between October 1, 2024, and March 31, 2025. The central bank has provided a calendar from September 2024 to March 2025 for repurchasing the bonds that have completed five years, allowing investors an…
NEW DELHI: Think tank Global Trade Research Initiative (GTRI) on Friday suggested a withdrawal of duty concessions on platinum, silver, diamonds, gold jewellery, and tweaking the rules of origin norms in the India-UAE Comprehensive Economic Partnership Agreement (CEPA), which was implemented on May 1, 2022. Alleging that there is a potential misuse of the rules…
AHMEDABAD: A man from Gujarat and his Chinese associate have been arrested for their involvement in conning two elderly US couples out of their life’s savings by having it converted into gold.Harmish Patel, a migrant from Gujarat, and Wenhui Sun from China have been arrested by Homeland Security Investigations (HSI) officials for the fraud currently…
PARIS: Star athlete Neeraj Chopra won India’s sole silver medal in the Paris Games with a season’s best throw of 89.45m in javelin on a day the hockey team had snatched its second successive Olympic bronze.While Chopra became the first Indian to win an Olympic gold and a silver in athletics, the event was dominated…
