Gold News

PC Jewellers stocks slump as SEBI serves notice to Balram Garg

PC Jewellers stocks slump as SEBI serves notice to Balram Garg

New Delhi: Stocks of PC Jewellers traded to a low of Rs 24.50 per share, down by 5.40 percent in the intra-day trading session on the Bombay Stock Exchange on Wednesday. The 52 week low of the stock ahs been 20.75 while the scrip recorded a high of 31.05. The negative trend followed after a SEBI...

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How Golconda fuelled the world's appetite for big diamonds

How Golconda fuelled the world's appetite for big diamonds

New Delhi: Years ago, the very mention of the name Golconda, brought up the image of diamonds, heaps and heaps of beautiful diamonds! In fact the legendary name "Golconda Diamond" became synonymous with Golconda itself. It was during the reign of the historic Qutb Shahi dynasty (also known as the "G...

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Gold hallmarking mandatory from January, traders concerned

Gold hallmarking mandatory from January, traders concerned

New Delhi: Union Consumer Affairs Minister Ram Vilas Paswan on Friday announced that hallmarking of gold jewellery and artefacts will be mandatory from January 15, 2020.Addressing the media, Paswan said that hallmarking of gold jewellery and artefacts is being made mandatory in India for which a not...

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Uncle-nephew duo again in jail under COFEPOSA Act

Uncle-nephew duo again in jail under COFEPOSA Act

Kolkata: With the Supreme Court restoring the detention orders issued against the "uncle-nephew duo" of Ashok Jalan and Amit Jalan under the COFEPOSA Act, both the accused have surrendered and are now lodged in a correctional home here, a DRI official said on Tuesday.The Jalans were arrested by the ...

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Assam clears Arundhati scheme, brides to get aid worth 'one tola' Gold soon

Assam clears Arundhati scheme, brides to get aid worth 'one tola' Gold soon

Guwahati: From January 2010, marriageable girls in Assam would get financial help worth 'one tola' (10 gram) of gold from the Assam government, said Finance Minister Himanta Biswa Sarma here on Wednesday."The scheme will be launched in January 2020. One will have to register the marriage under ...

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Gold settles higher as US dollar, stocks fall

Gold settles higher as US dollar, stocks fall

Chicago: Gold futures on the COMEX division of the New York Mercantile Exchange gained for the second day in a row as the US dollar weakened and stock benchmarks retreated.The most active gold contract for December delivery was up $10.10, or 0.69 per cent, to close at $1,473.40 per ounce on Thursday...

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EOW arrests brothers of Ghatkopar jewellery store for duping customers of Rs 300 crores

EOW arrests brothers of Ghatkopar jewellery store for duping customers of Rs 300 crores

Mumbai: The Economic Offences Wing of the Mumbai Police is reported as having arrested brothers Jayesh Rasiklal Shah (55) and Nilesh Rasiklal Shah (53) on Monday. The EOW alleges that the duo may have duped customers into investing in schemes with Ghatkopar based Rasiklal Sankalchand jewellery showr...

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'Holdings of gold-backed ETFs hit all-time high'

 'Holdings of gold-backed ETFs hit all-time high'

Mumbai: The World Gold Council (WGC) on Tuesday said that the holdings of gold-backed ETFs hit a new all-time high of 2,855.3 tonne in Q3 and the global gold demand also rose by 3 per cent on the same period last year.Growth was driven by a 10 per cent increase in recycling, to its highest level sin...

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Indian jewellery demand of 101.6 tonnes in Q3 a third lower y-o-y: WGC

Indian jewellery demand of 101.6 tonnes in Q3 a third lower y-o-y:  WGC

New Delhi [India]: Gold jewellery demand in India fell to 101.6 tonnes during July to September, down 32 per cent from 148.8 tonnes in the same period of last year, the World Gold Council said on Tuesday.The demand suffered as consumer confidence fell further over concerns around the slowing economy...

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Gold Amnesty scheme is speculation ahead of budget process

Gold Amnesty scheme is speculation ahead of budget process

New Delhi/Mumbai: The government may not be planning to propose or revamp a Gold Amnesty Scheme. News regarding such a scheme had been doing the media rounds with several news-outlets suggesting that it was the Narendra Modi led government's part of a campaign in unearthing unaccounted wealth stocke...

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