Gold News

Benchmark Gold at seven year high, Gold and Silver rates highest across major cities

Benchmark Gold at seven year high, Gold and Silver rates highest across major cities

<b>Chennai/Mumbai:</b> Buying or investing in Gold or Silver this week? Be prepared to be stunned by higher rates. Benchmark or prospective rates from several agencies for the yellow metal are on the higher side and so are rates quoted at Wednesday's auction at LBMA. The LBMA rates are a...

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Gold tops life-time of Rs 42,000 per 10 gram

Gold tops life-time of Rs 42,000 per 10 gram

Mumbai: Spot gold prices on Monday crossed Rs 42,000 per 10 gram for the first time owing to the escalating US-Iran tensions.Prices of the safe haven asset surged as Iran on Sunday said it will no longer abide by any of the limits imposed by 2015 nuclear deal, sparking fears of a military conflict.T...

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Gold prices jump up 5.5% in first few days of 2020

Gold prices jump up 5.5% in first few days of 2020

Mumbai: Geopolitical tensions and a slower growth rate has led investors rushing for the safe haven of gold, as the yellow metal prices have shown an acceleration of 5.5 per cent during the first week of 2020 itself.As per the market data, the yellow metal prices had risen by 24 per cent in 2019, wh...

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Easing US-Iran tensions boost equities, subdue oil, gold

Easing US-Iran tensions boost equities, subdue oil, gold

Mumbai: Easing geopolitical tensions in the Middle East along with prospects of announcements for for boosting growth in the upcoming Union Budget pushed the Indian equities market higher on Thursday.As tensions in the Middle East seem to subside for the time being, gold and crude prices took a dip,...

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Delhi Government employees cheated in Gold scheme

Delhi Government employees cheated in Gold scheme

New Delhi: A Gold scheme run by a jeweler in New Delhi's Karol Bagh has turned into a fraud with accounts emerging of government employees turning victims. The victims are mostly low rung government employees of ministry and their relatives.According to an IANS story, Delhi's Karol Bagh-based Shiv O...

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Uniform LTCG duration for equity, property, gold likely in Budget

Uniform LTCG duration for equity, property, gold likely in Budget

New Delhi: In a major move, the government is likely to stipulate a uniform framework for all asset classes-equity, property and gold-for computation of capital gains.Among the Budget proposals being considered for the Union Budget is that the long term capital gains (LTCG) tax will be fixed at 24 m...

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Here's what jewellers expect from Nirmala's 2020 budget

Here's what jewellers expect from Nirmala's 2020 budget

New Delhi: The upcoming Union Budget should come up with business-friendly policies for the gems and jewellery industry, according to Shailen Mehta, Co-founder of eJOHRI, an onmichannel jewellery startup. The e-commerce segment requires policies and regulations to benefit the overall jewellery indu...

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2nd largest diamond ever discovered

2nd largest diamond ever discovered

New Delhi: In a unique collaboration, luxury fashion house Louis Vuitton is all set to transform a rare and exceptional diamond specimen-- the 1758 carat diamond, SEWELO DIAMOND.The monumental 1758 carat rough diamond, has been named Sewelo, meaning 'Rare Find', in the Setswana language. It was reco...

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People bought gold post Uri attack, jewellers to tax dept

People bought gold post Uri attack, jewellers to tax dept

New Delhi: Three years after demonetization, a closer scrutiny by the tax department, using data analytics, revealed that many jewellers allegedly deposited cash in the banks much in excess of their known source of income suggesting that they indulged in turning black money into white.Asked to expla...

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Budget may lower gold import duty from 12.5% to boost jewellery exports

Budget may lower gold import duty from 12.5% to boost jewellery exports

New Delhi: Union Budget 20-21 is likely to cut the import duty on gold from the current 12.5 per cent with a view to push exports of jewellery despite the reduction likely affecting the current account deficit, people in the know of matters said.India is the largest importer of gold and gold importe...

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