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Jewellers can now repay part of loan in physical gold

The RBI on Wednesday asked banks to provide an option to jewellery exporters and domestic manufacturers of gold jewellery to repay a part of Gold (metal) Loans (GML) in physical gold. As per the......

NSE blockchain platform for gold a game changer

In a first for India, bullion derivatives contracts will be settled on a blockchain platform. This will help in global acceptance of gold refined by Indian bullion refineries, giving a fillip to......

As gold hits all-time high, jewellery sales drop sharply

Irrespective of the global movement, gold prices in India are nearing the level of Rs 34,000 per 10 grams in the physical markets. Gold hit the highest in Zaveri Bazaar in Mumbai on Wednesday,......

Sebi readies plan for operationalising gold exchange

Capital markets regulator Sebi on Monday came out with a framework for operationalising the gold exchange, wherein the yellow metal will be traded in the form of electronic gold receipts (EGRs).......

Gold set to cement safe haven status

Gold prices will rise next year as the financial crisis pushes more investors into the precious metal safe haven, according to delegates polled on Tuesday during the London Bullion Market......

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