Rapid growth in personal gold loans has raised concerns over borrower leverage, large-ticket exposure and volatility in gold prices, points out Swaminathan J, Deputy Governor, Reserve Bank of India.
Leading Indian jewellery bodies, including the All India Gem & Jewellery Domestic Council (GJC) and Malabar Gold & Diamonds, have expressed support for Prime Minister Narendra Modi's appeal to reduce gold imports and are advocating for enhancements to the Gold Monetisation Scheme (GMS) to unlock India's vast idle gold reserves.
'What exactly is on the prime minister's mind, we do not know. But it feels like the government wants the country to be prepared for unseen challenges ahead.'
Jannat Zubair Rehmani's feed is proof that subtle is overrated. With her film, Glory on OTT, and her fashion game shining just as bright, Jannat is fully in her metallic era serving gold, silver and everything in between like it's second nature.
Revenue intelligence and customs officers are set to intensify surveillance and increase vigilance on international borders to combat potential gold smuggling following a significant increase in customs duty on gold.
The Indian government has increased import duties on gold and silver from 6 per cent to 15 per cent to curb inbound shipments of precious metals amid a rising import bill due to the West Asia crisis.
The Customs department seized gold worth Rs 3.15 crore from two passengers at Mumbai airport, including a finance professional smuggling gold due to US-Iran conflict concerns.
The Indian women's recurve team, consisting of Deepika Kumari, Ankita Bhakat, and Kumkum Mohod, secured a dramatic shoot-off victory against China to win the gold medal at the Archery World Cup Stage 2 in Shanghai.
Army shooter Ganga Singh won gold in the men's 50m rifle 3-positions at the 24th Kumar Surendra Singh Memorial Shooting Championship. Haryana's Kamaljeet Choudhary and Surbhi Rao secured the 10m air pistol mixed team title.
Olympian Anish Bhanwala won gold in the men's 25m rapid fire pistol event at the 24th Kumar Surendra Singh Memorial Shooting Championship. Suraj Sharma won silver and Vijayveer Sidhu took bronze.
Jewellers in Lucknow protest Prime Minister Modi's appeal to defer gold purchases for a year amid the West Asia crisis, fearing significant business losses and economic hardship for those involved in the trade.
Madhya Pradesh's Nupur Kumrawat won the 50m rifle prone women's event at the 24th Kumar Surendra Singh Memorial Shooting Championship. Tamil Nadu's MA Akschadha Aiswarya secured the junior and youth women's titles.
The Indian trio of Deepika Kumari, Ankita Bhakat, and Kumkum Mohod secured the women's recurve team gold medal at the Archery World Cup Stage 2 in Shanghai, defeating China in a tense shoot-off. India finished the campaign with two medals, including a bronze in the men's individual compound section.
A home tutor in Delhi has been arrested for allegedly stealing gold and diamond jewellery from a house in Paschim Vihar. Police recovered the stolen items from her residence after an e-FIR was filed and CCTV footage was analysed.
A jeweller was robbed of gold jewellery, cash, and his scooter at gunpoint in east Delhi's Preet Vihar, police said on Monday. The incident occurred on Sunday night when the victim was returning home from his jewellery shop.
Rajasthan's Anjali Shekhawat won gold in the women's 10m air pistol event at the 24th Kumar Surendra Singh Memorial Shooting Championship. Haryana's Kanak Budhwar secured silver, and Punjab's Agam Ranjit Kaur Grewal took bronze. Haryana also dominated the team event.
The Indian women's recurve team, consisting of Deepika Kumari, Ankita Bhakat, and Kumkum Mohod, secured a gold medal at the Archery World Cup Stage 2 in Shanghai, defeating China in a tense shoot-off. This victory marks India's first World Cup women's team gold since 2021 and follows a stunning semi-final win against South Korea.
Congress leader Rahul Gandhi has criticised Prime Minister Narendra Modi's call for citizens to make economic sacrifices in response to the West Asia conflict, calling it 'evidence of failure'. Gandhi accused Modi of shifting responsibility onto the public and being incapable of running the country.
Rudrankksh Patil of Maharashtra won the gold medal in the men's 10m air rifle event at the Kumar Surendra Singh Memorial Shooting Championship, overcoming a challenge from Haryana's Rohit Kanyan.
Police in Gurugram have arrested four individuals involved in an interstate gold coin fraud, recovering a substantial amount of cash and gold. The alleged mastermind, Solanki Prabhubhai Gulshanbhai, has a long history of fraud and is accused of targeting high-profile individuals.
The Indian women's recurve archery team secured a medal at the Archery World Cup Stage 2, defeating South Korea in the semi-final. However, the men's team faced a disappointing defeat against Bangladesh.
Vanshika Chaudhary and Chirag Sharma secured gold in the 10m air pistol mixed team event at the ISSF Junior World Cup in Cairo, boosting India's gold medal count to five. India leads the medal table with a total of 14 medals.
A significant fraud involving the theft of gold ornaments and their replacement with fake jewellery has been discovered at a Canara Bank branch in Jalna district, Maharashtra. The alleged fraud amounts to Rs 7.31 crore.
Indian weightlifters continued their impressive performance at the Commonwealth Youth and Junior Weightlifting Championships and Universal Cup, securing a gold and three silver medals in Apia, Samoa.
Asian Games gold-winning quarter-miler VK Vismaya has been suspended for two years by NADA after testing positive for a banned substance, while sprinter N Shanmuga Srinivas received a four-year ban for evading sample collection.
A significant structural shift is underway in India's gold market, with investment purchases projected to account for 35-40 per cent of total consumption by FY27, driven by geopolitical uncertainty, price momentum, and portfolio diversification.
A 40-year-old domestic help has been arrested in Delhi for allegedly stealing gold jewellery from the house of an 82-year-old woman. Police recovered the stolen gold from her residence.
India's Prachi Gaikwad won gold in the women's 50m rifle 3-positions at the ISSF Junior World Cup in Cairo. Naraen Pranav added a bronze in the men's 10m air rifle, boosting India's medal tally.
At least four people were killed and several others injured in a clash between two rival groups over alleged illegal gold mining activities in Pakistan's Khyber Pakhtunkhwa province.
The Congress party in Kerala has expressed a lack of faith in the Special Investigation Team (SIT) probing the alleged misappropriation of gold from the Sabarimala Sree Ayyappa Temple, stating that a thorough investigation will be conducted if the UDF comes to power.
Shiva Narwal secured gold in the men's 10m air pistol event at the ISSF Junior World Cup, with Chirag Sharma winning bronze.
India continued its impressive performance at the ISSF Junior World Cup, with Prachi Gaikwad winning gold in the women's 50m rifle 3-positions, and Vanshika Chaudhary and Sejal Kamble securing gold and silver respectively in the women's 10m air pistol final. Naraen Pranav also added a bronze in the men's 10m air rifle.
Sixteen people, including two gold appraisers, have been booked for allegedly securing loans worth lakhs of rupees against counterfeit gold from a bank in Prayagraj.
Prime Minister Narendra Modi has urged for restraint in the use of petro products due to the West Asia crisis, emphasising the need to save foreign exchange and reduce the impact of war. He also highlighted India's progress in solar power and ethanol blending, while assuring support to Telangana's development.
The Directorate of Revenue Intelligence (DRI) has dismantled a gold smuggling operation at Mumbai's Chhatrapati Shivaji Maharaj International Airport, arresting 24 female carriers and seizing a significant quantity of gold.
The Directorate of Revenue Intelligence (DRI) seized 29.37 kg of gold worth Rs 37.74 crore from 24 women at Mumbai's Chhatrapati Shivaji Maharaj International Airport, uncovering a significant smuggling operation.
Nepal's former parliament speaker Krishna Bahadur Mahara and others have been accused of facilitating gold smuggling, leading to a corruption case filed by the CIAA.
Indian women boxers dominated the Asian Boxing Championships, securing four gold, two silver, and four bronze medals. Minakshi Hooda, Preeti Pawar, Priya Ghanghas, and Arundhati Choudhary all won gold in their respective weight categories.
Delhi Police have arrested two men for allegedly stealing gold rings from jewellery shops by swapping them with fake ones. The accused used distraction tactics to deceive shopkeepers.
Patna police have arrested three individuals and recovered 5.79 kg of stolen gold in connection with a robbery that occurred on April 4 near Danapur railway station. The suspects, posing as customs officials, robbed employees of a firm carrying 14.9 kg of gold.
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