All stories by Rajesh Bhayani
Govt mays block IP addresses of cryptocurrency exchangesRediff.com30 Mar 2021
The government is considering blocking internet protocol (IP) addresses of companies/exchanges on which trading in cryptocurrencies is happening, said a source in the know. Two months ago, the government had said it intended to bring a Bill to ban private cryptocurrencies and introduce India's own digital currency in line with what China and other countries had done. This move is part of that. The government had also proposed to promote technology like blockchain. Industry, however, says banning decentralised currencies like bitcoin and ethereum is not possible.
Indians flocking to bitcoin after Elon Musk's backingRediff.com17 Feb 2021
Bitcoin has been on fire ever since Musk announced that Tesla had bought $1.5 billion of the cryptocurrency, and that his electric-vehicle company would accept bitcoin from buyers.
How Indian banks are looking to cash in on bitcoin rallyRediff.com23 Dec 2020
Indian banks have started exploring opportunities in the space, including lending to crypto exchanges, and accepting bitcoins as collateral, among others.
Fall in gold price opens up window for investorsRediff.com7 Oct 2020
Experts recommend buying gold as the fundamentals supporting a rally have not changed.
Gold rises to lifetime high even as profit-taking loomsRediff.com30 Jul 2020
Any shift in investor sentiment may result in speculators fleeing the gold market, driving its price down sharply, quickly. One significant risk for gold is a near-term reversal in the dollar, which recently fell to a two-year low.
As demand shrinks, gold import likely to fall to 17-year lowRediff.com21 Jul 2020
Those interested in investing in gold have shifted to instruments, such as sovereign gold bonds and gold ETFs. Many others are, in fact, selling gold or using it as collateral to generate short-term liquidity.
At Rs 52,195/kg silver turns most expensive since Sep 2013Rediff.com17 Jul 2020
The all-time high price of silver is Rs 75,000 a kg, recorded in April 2011.
Sovereign gold bond sale in May highest since launchRediff.com28 May 2020
The government has sold SGBs worth Rs 1,990 crore in April and May alone.
Silver likely to outperform goldRediff.com22 May 2020
Silver has been quoting at a premium in India since mid-March because of huge scarcity.
Why govt is keen to buy your goldRediff.com21 May 2020
It plans to use it as collateral, along with forex reserves, to print currency.
Gold up 1.7% in Mumbai as north India opens jewellery storesRediff.com19 May 2020
Gold and silver became costlier in the country following the international price rise over the expectations of negative interest rates in the US, the rising trade tensions between the US and China and the weakening of the rupee.
Akshaya Tritiya was never so dull for jewellersRediff.com27 Apr 2020
Industry estimates over 30 tonnes of gold were sold on Akshaya Tritiya this time.
Gold import lowest in 10 years, March saw huge plungeRediff.com1 Apr 2020
The month of March could be worst in many years, with imports estimated only around 18 tonnes amid the coronavirus pandemic and the nationwide lockdown, said an industry player. The import in March 2019 was 72.5 tonnes, according to the GFMS data.
Coronavirus: Essential goods market faces labour shortageRediff.com24 Mar 2020
Nilesh Veera, director of APMC said, complained that availability of workers is a big problem. They have asked the government to provide enough sanitizers, masks, etc, for worker safety, to call them back. There has been no reply.
Gold takes a beating, falls by Rs 3000 in a weekRediff.com14 Mar 2020
Gold price in Mumbai's physical market on Friday fell 31.1 per cent or Rs 1,351 to close at Rs 41,848 per 10 gramme. Friday's fall in per cent terms is worst after November 2015 and, in absolute terms, the worst after August 2013. Silver prices fell Rs 2,255 to close 5 per cent lower at Rs 43,085 per kg on Friday.
After 5 months RBI buys gold, now holds 625 tonnesRediff.com18 Jan 2020
The RBI is still a small player in international gold buying among central banks. But in terms of total gold bought in 2019, it is the sixth largest buyer with 25.2 tonnes purchases in the first 10 months of 2019.
Gold is still the 3rd-most popular investment choiceRediff.com19 Nov 2019
A WGC survey says that there is no dearth of gold demand, but there is lack of trust among prospective gold buyers, not only in India but globally.
'Things are not that bad in India'Rediff.com18 Nov 2019
'India can afford more debt at this juncture.' 'India's fiscal deficit is still manageable.'
Jewellers report fall in gold demand in September quarterRediff.com2 Nov 2019
The worsening demand for jewellery has already started impacting jobs and karigars or goldsmiths.
Gem and jewellery sector fails to shine in H1Rediff.com11 Oct 2019
The industry alleges the government has been apathetic, despite their pleas for quick action. However, H2 may be different as The US-China trade war had opened a window for Indian exporters to ship more to America.