Gold News

Gold August Outlook: Undervalued and good fundamentals, but read this before investing

Gold August Outlook: Undervalued and good fundamentals, but read this before investing

Gold the precious metal has nudged up by nearly 2 percent in the month of July. According to Sify Gold, the rates moved anywhere in a range of 1-2 percent across several key cities of India in the month of July.For those of you keen on investing or planning to buy a few grams of the yellow metal, a ...

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Gold demand in India rose 19.2% in Apr-Jun: WGC

Gold demand in India rose 19.2% in Apr-Jun: WGC

New Delhi: Demand for gold in India during the April-June period increased 19.2 per cent to 76.1 tonne, compared to the same quarter of 2021, according to a report by the World Gold Council (WGC).In April-June 2021, demand stood at 63.8 tonne."Demand for gold in India for Q2 2021 was at 76.1 tonne, ...

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US Fed policy leads to a jump in Gold rates across India

US Fed policy leads to a jump in Gold rates across India

<b>Mumbai / Chennai:</b> Gold rates across India saw a marginal spurt after a crucial announcement from the US Federal Chief Jerome Powell.US Spot Gold rallied up by 0.9 percent to levels of $1,818 per troy ounce. MCX Gold futures too cruised upwards by a similar margin on Thursday.On We...

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Believe it or not! Bihar has country's largest deposit of Gold ore

Believe it or not! Bihar has country's largest deposit of Gold ore

New Delhi: Believe it or not, but one of the country's poorest state, Bihar, is the goldmine of the nation, literally, holding country's largest resource gold ore, more than traditional leaders.This revelation has been made by union minister of mines, coal and parliamentary affairs in reply to a que...

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India's gold imports surge in Apr-Jun, silver imports fall

India's gold imports surge in Apr-Jun, silver imports fall

New Delhi: India registered a manifold raise in import of gold during the first three months of FY22 on a year-on-year basis, to nearly $7.9 billion.This rise in gold imports can be attributed to low imports during the same period last year owing to the nationwide lockdown and the revived consumer d...

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Dollar rally dents Gold rates across India

Dollar rally dents Gold rates across India

Rising cases in Delta virus variants across the globe and a surprise rally by the US Dollar on Tuesday evening are reported as reasons for the dip in Gold rates.As of Wednesday morning, the average rates quoted by jewellers across India was lower by Rs 13 per gram. Bullion futures on the MCX al...

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Gold futures rise on global cues, rising concerns of Covid-19 'Delta' variant

Gold futures rise on global cues, rising concerns of Covid-19 'Delta' variant

Mumbai: Gold futures on the Multi Commodity Exchange (MCX) rose on Tuesday taking cues from international markets and rising concerns over Delta variant of Covid-19.The August contact of gold on the MCX is currently trading around Rs 48,185 per 10 gram, higher by Rs 91 from its previous close.Kshiti...

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Here's why gold rates slipped to five day low across India

Here's why gold rates slipped to five day low across India

Mumbai / Delhi / Chennai: Gold rates across India have sunk to a five day low. According to rates tracked by Sify.com, retail gold rates for 999 quality gold are down by at least Rs 500 in the last three days (excluding weekend) alone.Rates for 22 Karat or 916 Gold declined by a similar margin in th...

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GST payable only on profit earned from resale of gold jewellery

GST payable only on profit earned from resale of gold jewellery

New Delhi: In a major relief for jewellers, the Karnataka Authority for Advance Ruling (AAR) has held that in case of resale of second-hand gold jewellery, jewellers have to pay GST only on the profit earned from such sale.The ruling was made in reference to the application filed by Aadhya Gold Pvt ...

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Gold futures decline on global cues, US Fed's tapering concerns

Gold futures decline on global cues, US Fed's tapering concerns

Mumbai: Domestic futures of gold declined on Friday, tracking decline in the global prices, along with concerns of tapering by the US Federal Reserve.The August contract of gold on the Multi-Commodity Exchange was at Rs 48,260.00 per 10 gram, lower by Rs 140, or 0.29 per cent, from its previous clos...

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