In a rush to raise cash to fulfil banks’ payment commitments, bullion dealers are selling gold at a discount of $7-8 an ounce (Rs 175 for 10 gm) to jewellery manufacturers and retailers.......
It makes sense to wait for govt schemes such as gold bonds. Puneet Lakhotia, a private bank employee, wants to purchase gold for his daughter’s marriage. With gold prices coming down......
Dealers expect prices to fall further, owing to an impending rate hike in the US Bullion dealers in India have started restocking gold, following the commodity’s prices falling to multi-year......
'Everyone is still trying to understand the quantum of impact demonetisation will have on the economy.'Tinesh Bhasin reports.Illustration: Uttam Ghosh/Rediff.com Brace yourself for moderate......