The Bombay Stock Exchange on Thursday said it will keep a special window open for trading in gold ETFs (exchange traded funds) on 'Akshaya Tritiya' day on May 16.
According to a statement from the Rudraprayag police, the landslide was triggered by continuous heavy rainfall, which caused large amounts of debris and stones to fall onto the trekking route, blocking and damaging the walkway to Kedarnath Dham.
The Badrinath temple in the Garhwal Himalayas in Uttarakhand opened for devotees on Sunday, May 12, 2024, after remaining closed during the winter.
Maharashtra Navnirman Sena chief Raj Thackeray has appealed to his party workers to not perform 'maha aarti' on May 3, the day of Eid ul Fitr and Akshaya Tritiya.
Earlier, the administration had announced a 24-hour curfew on May 2 and 3 and asked Khargone residents to celebrate the Eid-al-Fitr and Akshaya Tritiya festivals at home.
From Rs 73k to over Rs 1.2L between January-December 2025 -- is buying gold in 2026 still sensible?
The biggest gold buying festivals are Akshaya Tritiya and Dhanteras.
A limited edition Sachin Tendulkar gold coins, with the senior cricketer's face and signature embossed on them, were launched in Mumbai on Monday on the auspicious day of 'Akshaya Tritiya'.
Ramakrushna Dasmohapatra, who was the chief priest during the inauguration of the Jagannath Temple at Digha on April 30, on Friday joined the voices demanding withdrawal of the 'Jagannath Dham' phrase attached to the new temple in West Bengal.
The Bihar government has formed a state-level task force to monitor actions taken by authorities to prevent and eradicate child marriages in the state. Bihar has the second-highest rate of child marriage in India, with 40.8% of women getting married before turning 18. The government is implementing a multipronged strategy to combat child marriage, including stricter enforcement of the law, empowering girls through education, and raising awareness.
Trend may slow down the growth in investment demand of the yellow metal in the short term.
Gold is back in favour with consumers shifting their focus on the precious metal on the back of moderation in prices.
The administration in Madhya Pradesh's Khargone lifted the curfew with immediate effect on Wednesday evening, 24 days after it was imposed following violence during a Ram Navami procession on April 10, an official said.
The government will review the weather conditions in the coming days and accordingly take a decision in the interest of the pilgrims, he said.
Amazon India has witnessed an 84 per cent year-on-year (Y-o-Y) increase in sales of hallmarked gold jewellery and posted a 5-fold spike in demand during the first two days of its ongoing Amazon Great Indian Festival (AGIF) sale event, which started on September 27. This demand is for brands such as Malabar Gold and Diamonds, PN Gadgil Jewellers, Joyalukkas, PC Chandra and KISNA, among others. According to current trends, customers buy fine jewellery starting at Rs 2,000 in the silver category and shell out up to Rs 40,000 for gold and diamond jewellery. In the last year, Amazon has seen more customers opt for 14 Karat purity.
Gold seems to be losing its glitter in India due to a rise in prices. Demand in Q2CY24 was 149.7 tonnes - a 5 per cent drop compared to 158.1 tonnes in the same period last year, according to a report by the World Gold Council (WGC). Demand by value in April-June 2024 stood at Rs 93,850 crore, up by 14 per cent compared to Rs 82,530 crore in the same period last year.
Prime Minister Narendra Modi will interact with chief ministers on the emerging Covid-19 situation in the country on Wednesday through video conferencing, an official said.
The drive begins just days ahead of the Char Dham Yatra in the state.
Indians love affair with gold will never end. Despite a lull, there is heavy demand in the market.
The gifted mogri even bears the caption 'sharabiyon ke sutara hetu bhent, police nahi bolegi' (gift for beating drunkards, police will not intervene).
"All these festivals are festivals of restraint, purity, charity and harmony. Advance greetings to all of you on the occasion of these festivals. Celebrate these festivals with great gaiety and harmony," Modi said.
With COVID protocols lifted, Bollywood is back to celebrating festivals the only way they know!
The move comes days after Chief Minister Yogi Adityanath's directive for restricting the volume of loudspeakers at religious places in order to avoid trouble to people living nearby.
The process of opening the doors of Kedar Dham began at 3 am. Shiva Shankar Linga, the chief priest of the shrine, carried out the tradition of opening the doors. The first 'pooja' was performed in the name of the Prime Minister Narendra Modi, said a statement.
During the daily media briefing, Lav Agarwal, Joint Secretary, Union Health and Family Welfare Ministry, said that 16 districts in the country, which earlier had cases, have not reported any fresh cases for the last 28 days.
Govt has so far refused to bring down the import duty to 2% from the current 10%.
The government has sold SGBs worth Rs 1,990 crore in April and May alone.
"The nakli Shiv Sena wants to bury me alive. They abuse me in such a way that it will be liked by their favourite vote bank," Modi said.
With Eid festival and Akshaya Tritiya likely to fall on the same day next month and many other festivals lined up in the coming days, Adityanath said the police needs to be extra cautious.
Stocks of gold jewellery retailers have been able to retain their sheen in 2023 despite volatile gold prices. Kalyan Jewellers, Titan, PC Jewellers, Thangamayil Jewellery, and Tribhovandas Bhimji Zaveri (TBZ) have rallied 21-72 per cent so far since April as compared to a 13 per cent gain in the benchmark Sensex index. The rally gained steam on the back of gold's 6 per cen
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.
Uttar Pradesh Chief Minister Yogi Adityanath on Monday cancelled the leaves of all police and administrative officials in the state till May 4 and asked all those on leave to report within 24 hours.
The demand for gold is expected to take a hit if the price of the yellow metal - which has been hovering around Rs 60,000, a level never seen before - remains elevated. Due to a sharp increase in price in a very short time and the flow of smuggled gold continuing, gold price in Mumbai is quoted at around Rs 59,000 per 10 gram. Typically, overall demand in the January-March and July-September quarters is moderate-to-dull, which is the case in the ongoing period.
Gold is usually seen as a safe-haven when stocks are falling or when inflation is rising. With prices of the yellow metal hovering near record highs, people are also putting off their jewellery purchases. Along with a subdued marriage season, the orders with price open and settled on delivery day, too, are getting cancelled. Apart from high, volatile prices, there is no gold rush yet for the safe-haven asset, crimping demand.
March was the worst month for gold imports because of a strike by jewellers over the imposition of an excise duty.
Exports rise for 8th month, albeit at lower pace
In August 2013, import duties on gold, silver and platinum were hiked to 10 per cent in order to curb the surging imports and also to check CAD.
Gold jewellery demand in India is likely to decline in the second and third quarters of this fiscal due to hike in import duty, high volatility in prices and inflationary pressure, according to a report. While demand is likely to contract by 8 per cent year-on-year in the second quarter of FY23, the decline is expected to be higher at 15 per cent in the third quarter due to the exceptionally high base in the same period of FY22, Icra said in a report. According to the report, the exceptional third quarter performance in FY22 was due to the post-Covid reopening of the economy and the substantially high demand in the wedding and festive seasons.
After demonetisation, demand jumped as many people with unaccounted money bought the yellow metal.
