Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
Govt proposes to introduce redeemable gold bonds.
The fall in exports of gems and jewellery exports is mainly because of shortage of raw-material for jewellery manufacturing.
West Bengal Chief Minister Mamata Banerjee on Wednesday attacked Union Home Minister Amit Shah over violent protests against the new citizenship law, saying his job is not to set the country on fire but to put it out. Taking a dig at Prime Minister Narendra Modi's 'Sabka Saath Sabka Vikas' slogan, she said the BJP government has brought "satyanaash" (disaster) for everyone in the country.
Silver also recovered Rs 600 to Rs 45,200 per kg on increased offtake by industrial units and coin makers.
Silver also reclaimed the Rs 34,000 per kg mark.
The specifics will also cover what's fit and proper to be a chest manager; the insurance and re-insurance aspects; and the new capital threshold, which is Rs 100 crore now.
With its new line-up, the firm has managed to touch the right chords, but to regain market share from the established players, Micromax will have to fight a protracted battle.
The Euro was formally launched on January 1, 1999, but the currency has only been used for non-cash transactions such as cheques and bank transfers. The Euro notes and coins were officially launched on January 1, 2002, with the new currency becoming the sole legal tender of the Eurozone on March 1, 2002.
Even though emerging markets generally do not have the level of market efficiency and strict standards, they are most sought after by investors.
'For the RBI, for a central bank, reputational risk is the worst risk.' 'Credibility is the worst risk,'
"We know that the Communists do not respect the Indian history, culture and spirituality but nobody imagined they would have such hatred," Modi said.
Traders said besides stockists selling, a weakening global trend where gold posted its biggest decline in almost seven months as Portuguese banking concerns eased and equities gained, diminishing safe-haven demand.
Traders said sentiment turned distinctly weak after gold prices slumped in global markets as Swiss voters rejected a plan for their central bank to accumulate bullion and oil extended its decline to five-year low, curbing demand for the precious metal.
Total export of gold, silver and coins in the month of June 2014 stood at 3.9 billion Swiss franc
'My brother was a brat,' she tells Rajesh Karkera with a laugh.
India's biggest jewellers' association has asked members to stop selling gold bars and coins.
Of the 1,000 surveyed by IIM-A, only five were aware about the government-sponsored gold schemes
Indian currency notes will soon bear the rupee symbol. It will also have extra security features.
Readers tell us how they are managing without cash since November 8.
Limit your investment in cryptocurrencies and make sure you have current holdings in your own custody until regulatory cloud blows over, experts tell Sanjay Kumar Singh.
Employers will also have the option to pay wages in cash.
In 1989 when Bajaj came out with their legendary and elegant Hamara Bajaj campaign, that looked more at apna India, rather than the scooter, and at all hues of scootered Indians, it drew millions of eyeballs and was brilliantly successful.
The State Bank of India said on Monday it would launch a gold exchange traded fund in 2008. "We are examining this product in our mutual fund company and we are hopeful we should be able to come out with an ETF next year," O P Bhatt, SBI chairman said at a conference in Mumbai.
Ahmedabad-based crypto firm Kali Digital Ecosystems' plea against the ban will be heard on July 20.
Gold is a 'must have' in your investment portfolio. Frankly, there is no need to advocate investment in gold amongst Indian audiences. Traditionally it is a popular avenue of investment for Indians. However buying jewellery is not as good an investment as buying pure 24 karat gold. Hence, when we talk of gold as an investment, we mean gold coins, gold biscuits or gold bars any piece of 24 karat gold. `
Gold in Singapore, which mostly set the price trend on the domestic front, climbed 0.6 per cent to $1,303.63 an ounce and silver by 1.9 per cent to USD 18.33 an ounce, the highest since September.
Gold schemes are offering attractive returns to investors.
After losing Rs 730 in last six sessions after the Reserve Bank of India eased imports curbs by scrapping 80:20 scheme, gold staged a strong comeback by rising Rs 840 to close at Rs 27,040 per ten grams, a level last seen on October 30.
Indian exporters are said to be exporting gold jewellery with minimum value addition to get a higher gold import quota for domestic market after imports linked to exports under the 80:20 rule.
The government's ambitious gold deposit scheme can succeed only if depositors are paid a higher interest rate.
Virtual currencies don't have any intrinsic value and are not backed by any kind of assets.
In order to contain current account deficit, the Reserve Bank last month imposed restrictions on gold imports by banks and other authorised agencies.
'Chand Chhupa Badal Mein were originally written for a film that Ram Gopal Varmaji was directing.' 'One day he said, "Mehboob, the lyrics that you have written are really beautiful, but the hero of my film is a goon. He cannot sing such beautiful lyrics".'
The AIADMK's staying power is not in question, but it has to regain the winning streak. That will require its leaders and leadership to re-wire themselves, to be able to re-think situations in ways different from what they had been accustomed to, suggests Sathiya Moorthy.
Why is China's supreme leader promoting Han Chauvinism so aggressively, asks Claude Arpi.
Major rival parties in poll-bound Madhya Pradesh are literally waging a 'war of words' by coining meanings to alphabets to highlight issues of corruption allegedly linked to each other.
Silver followed suit and traded higher by Rs 200 at Rs 34,200/kg.
Here's what your favourite Hollywood stars have been up to.
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