Gold News

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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Gold moves up Rs 700 in two days, is this time to invest in bullion?

Gold moves up Rs 700 in two days, is this time to invest in bullion?

Gold after a disappointing June seems to look at a promising July. In fact the investment in Yellow metal is expected to sizzle in the coming days.The price of the yellow metal has suddenly started witnessing a bump. In just two days, the price of ten grams of gold is up by Rs 700 across Indian reta...

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Gold rates across India slip, here's why

Gold rates across India slip, here's why

Mumbai / Delhi / Chennai: Gold rates across India sank by a significant margin to erase any gains it had set in the last week.According to rates tracked by Sify.com, a dip was observed in the range of Rs 300 - 400 per ten grams. MCX futures expiring August too contracted by a similar number as ...

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RBI Series 4 Gold Bond scheme for 2021-22

RBI Series 4 Gold Bond scheme for 2021-22

The Reserve Bank of India on Friday announced dates for subscribing to the next Sovereign Gold Bond.The Series IV 2021-22 Gold Bond will open for subscriptions from July 12-16 2021.Subscriptions can be made from scheduled commercial banks and exchanges such as  Bombay Stock Exchange and the Nat...

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RBI note says jewellers can repay their gold loan in physical form

RBI note says jewellers can repay their gold loan in physical form

Mumbai: A recent notification from the Reserve Bank of India has allowed jewellers, mostly exporters, to repay a part of their Gold loans in physical gold. The RBI announced the directive for banks to enable jewellery exporters and domestic manufacturers.According to current rules, authorized banks ...

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Gold rates crashed in June, here are factors for price momentum in July

Gold rates crashed in June, here are factors for price momentum in July

International gold prices plunged 7% in June as the Federal Reserve signaled that it plans to raise interest rates by 2023, a year earlier than planned. This announcement came on the back of an encouraging economic recovery in the US and higher than expected inflation.It raised market expectations o...

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Buying or Selling Gold? You may require this from today

Buying or Selling Gold? You may require this from today

Mumbai: Planning to buy or sell Gold? It is advised that you opt only for hallmarked Gold in your transaction.The deadline for mandatory hallmarking of Gold jewelry commences from June 15.The previous deadline to this rule was extended by a fortnight keeping in mind the Covid-19 related lockdowns ac...

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Here's how May 2021 turned sweet for Gold, but will it shimmer in June too?

Here's how May 2021 turned sweet for Gold, but will it shimmer in June too?

The month gone by has seen Gold prices rise above the key psychological level of $1,900 per troy ounce. Gold rates ended the month of May roughly 8% higher and turning positive for the year to date.Much of May's action in gold was a result of evidence showing a rise in prices in the United Stat...

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RBI Gold Bond window opens today, should you subscribe?

RBI Gold Bond window opens today, should you subscribe?

India's Sovereign Gold Bond Scheme managed by the Reserve Bank of India is open to subscriptions from today.The central bank in a press release said the window for subscriptions will be open from Monday for four days. The subscription closes on May 28 2021.The price of Gold for the Series II 2021-22...

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