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A salesman arranges a gold necklace inside a gold jewellery showroom in Kochi

Gold, silver tumble on global cues, sluggish demand
New Delhi: Both the precious metals, gold and silver tumbled in the national capital on Monday on heavy sell-off by stockists in tandem with a weakening global trend. While gold dropped by Rs 120 to Rs 29,620 per 10 gm, silver lost Rs 550 to Rs 55,700 per kg on reduced offtake by retailers and industrial units at prevailing higher levels. Trading sentiment turned bearish after gold and silver dropped

Govt may withdraw excise duty on gold jewellery

Jewellers may heave a sigh of relief as the government may withdraw the new excise duty proposals on the sector. In a decision to be taken next week, the finance ministry may remove the duty on both,

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Gold sets new record at Rs 29,750

New Delhi: Gold prices rose by Rs 55 to touch fresh all-time high of Rs 29,750 per 10 grams in the bullion market here on Friday on sustained buying from stockists and investors even though the metal

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Gold near 1-week low ahead of U.S. jobs data

Gold held near its weakest in a week on Friday as cautious investors and jewellers stayed on the sidelines ahead of the release of a U.S. payrolls report, which could revive hopes of a third round of

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Gold near 1-week low ahead of U.S. jobs data

Gold held near its weakest in a week on Friday as cautious investors stayed on the sidelines ahead of the release of U.S. payrolls report, which could revive hopes of a third round of U.S. Federal

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Gold at life-time high of Rs 29,695

Gold prices on Thursday rose to all-time high of Rs 29,695 per 10 grams in the bullion market in New Delhi as investors shifted funds from melting equity markets to the precious metal, considered a

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