Gold News

Bullion spurts even as India's jewelry stores hit shutdown

Bullion spurts even as India's jewelry stores hit shutdown

Mumbai/Chennai: Gold jewellers and stores across India wear a deserted look adhering to Prime Minister Narendra Modi's suggestion for a strict 21-day isolation. 90 percent of gold jewellers in the country have already shut their shops, paying heed to the PM's first clarion call - the Janta Curfew on...

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T Nagar, Ranganathan Street, Gold showrooms, markets in Chennai wear deserted look

T Nagar, Ranganathan Street, Gold showrooms, markets in Chennai wear deserted look

Chennai: Places that were the favourite haunts of people across Tamil Nadu in the recent past and normally filled with parked vehicles wore a desolate look even as educational institutions across the southern state will remain shut till March 31 to prevent the spread of coronavirus.A visit to r...

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Over 4 kg smuggled gold seized at Chennai Airport

 Over 4 kg smuggled gold seized at Chennai Airport

Chennai: Customs officials at Chennai Airport on Wednesday seized 4.6 kg gold worth about Rs 1.90 crore hidden in two aeroplanes.In a statement issued here, the Commissioner of Customs in the Chennai International Airport said based on information that gold was likely to be smuggled through flights ...

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Gold rates cool to a month low across Indian cities, Silver prices sink

Gold rates cool to a month low across Indian cities, Silver prices sink

Mumbai/Chennai: Gold rates across the country cooled off to a month-low even as investors reportedly made a scramble for holding cash to secure equity investments.<p>On Tuesday, domestic Gold rates cooled in tandem with international benchmark and spot rates that sunk below $1500 per troy ounc...

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Gold and Silver rates crash in India, international spot rate below $1600 levels

Gold and Silver rates crash in India, international spot rate below $1600 levels

Mumbai/New-Delhi: Gold rates across major jewelry stores on Friday have cooled by a huge margin of 3 to 4 percent implying that the time may be sweet for average buyers to invest in the Yellow metal. Buying bullion has turned cheaper by a margin of Rs 90-150 per gram according to data sourced from m...

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Gold and Covid March Outlook: Panic-proofing is tough, but here's what happened in 2008

Gold and Covid March Outlook: Panic-proofing is tough, but here's what happened in 2008

After touching 7 year highs of $1690/ounce in February driven by the threat of a Covid-19 pandemic, gold ended the month much lower at $1610 levels, still clocking gains of 1.62% for the month. The fall in gold prices at the end of the month alongside fall in risk assets despite the risk of the cont...

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NRI investor alleges Raj Kundra and Shilpa Shetty cheated him in Gold investing scam

NRI investor alleges Raj Kundra and Shilpa Shetty cheated him in Gold investing scam

Mumbai: Bollywood actress Shilpa Shetty and her husband Raj Kundra have been named in another alleged scam -- this time, concerning the Satyug Gold Pvt. Ltd, a gold trading company of which they are ex-directors.A Non-Resident Indian businessman, currently in Mumbai, Sachiin J. Joshi has claimed in ...

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5 factors to consider while investing in Series X Sovereign Gold Bonds

5 factors to consider while investing in Series X Sovereign Gold Bonds

The Series X Sovereign Gold Bond (SGB) Scheme 2019-20 is open for investors to subscribe.  For investors keen on Gold investments, the SGB schemes offer sovereign promise, liquidity and other benefits.  The window of investment is open from March 02 – March 06, 2020. The certificate of Bon...

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Gold falls for fourth day on profit booking

Gold falls for fourth day on profit booking

Mumbai: Gold prices fell for the fourth straight day on Friday as investors booked profit after the precious metal logged record high earlier in the week.On the MCX, gold futures for delivery in April slipped Rs 665 to Rs 41,730 per 10 gm while silver futures for May delivery declined 3.8 per cent t...

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Gold and Silver rates cool, but wait there's bad news you must know

Gold and Silver rates cool, but wait there's bad news you must know

In what may appear as a soothing news for prospective Gold and Silver buyers, rates for several precious metals have cooled by a wide margin in the past two trading sessions. Gold rates which swung up by as much as 6 percentage and Silver which peaked to levels of Rs 53 per gram have certainly ...

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