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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......

Why India will stop importing refined gold in 3-5 years

India’s annual gold consumption is about 800-900 tonnes, of which about 750 tonnes is imported. However, in 3-5 years, domestic refineries would meet the whole demand, reports Rajesh Bayani.......

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,......

India's gold demand up 15% in Q1 post note ban

Going ahead, the likely implementation of the goods and services tax bill in July and how the monsoons play out will have a bearing on India's demand for gold and gold jewellery Coming from the......

Gold imports may rise to $37 billion this year

Gold imports in the first eight months of this calendar year were almost $24 billion. Analysts expect another 300 tonnes or $13-13.5 billion worth of import in the remaining four months of calendar......

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