Gold News

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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Jewellery trends 2020: A mix of modern and traditional

Jewellery trends 2020: A mix of modern and traditional

New Delhi: From traditional jadau to creative compositions, trendy textures to nature inspired pieces, the year 2020 is going to be a trendy concoction of jewellery.ANSlife spoke to experts in the field to list out of the top jewellery trends this year.Isha Pandey, Lead Designer of BlueStone Diamo...

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Volatility in gold to continue on US-Iran conflict: WGC

Volatility in gold to continue on US-Iran conflict: WGC

New Delhi: As gold prices touched Rs 42,000 for 10 grams on Monday in the wake of the US-Iran conflict, World Gold Council said the volatility in the yellow metal prices will continue and consumer demand will face a headwind because of this."There will be volatility (in Gold prices) with an upwar...

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Oil, gold prices climb higher as Middle East tensions flare

Oil, gold prices climb higher as Middle East tensions flare

Doha [Qatar]: Oil and gold prices continued surging on Monday as escalating tensions in the Middle East fanned worries about disruption to global oil supplies, sending investors scurrying to safer investments.Brent crude oil soared past 70 dollars a barrel, rising by more than 2 per cent on Monday, ...

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US' Iran strike dents stock markets, oil, gold, silver surge

US' Iran strike dents stock markets, oil, gold, silver surge

Mumbai:A major escalation in tensions between the US and Iran - the two biggest oil producing nations - following a US airstrike killing one of Iran's most powerful military commanders, General Qasem Soleimani, sent global financial markets into a tailspin on Friday.While the stock markets took a be...

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Gold annual return in 2019 touches 9 year high of 23 percent

Gold annual return in 2019 touches 9 year high of 23 percent

Mumbai: Those who doubt return from Gold investments may have to re-evaluate their investment strategies for 2020. Data analyzed by Sify.com until the last few trading hours of 2019 shows the yellow metal rose by 23 percent or an approximate two percent every month on an average in 2019. Rates on...

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Official panel moots 2 GST slabs, more items at higher rates

Official panel moots 2 GST slabs, more items at higher rates

New Delhi: A panel of officials on ways to augment Goods and Services Tax (GST) revenue has suggested two GST slabs of 10 per cent and 20 per cent and the transfer of some goods from the 18 per cent slab back to the highest 28 per cent category.The GST council has fixed over 1,300 goods and 500 serv...

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Original TBZ clarifies over bankruptcy proceedings

Original TBZ clarifies over bankruptcy proceedings

New Delhi: In a big relief for panicky investors, Tribhovandas Bhimji Zaveri Ltd on Friday clarified that a firm by similar name against which National Company Law Tribunal (NCLT) allowed bankruptcy proceedings is in no way related to it.The clarification to the BSE came after a public announce...

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