India's merchandise exports dipped by about one per cent to $38.01 billion in December 2024 against $38.39 billion a year ago, according to government data released on Wednesday. Imports increased by 4.8 per cent to $59.95 billion in December 2024 compared to $57.15 billion in the year-ago month.
Thanks to an ambiguous law on the import of platinum alloys, some bullion importers are making big profits. A handful of them are importing refined gold cloaked as platinum alloy. Gold attracts 15 per cent import duty, as opposed to platinum alloy that invites a duty of 10.75 per cent. Industry sources say this is a case of mis-declaration and duty violation.
Invest with a 5 to 7 year horizon so that you are able to ride out price volatility and benefit from the long-term trends of demand and macroeconomic shifts.
Govt proposes to introduce redeemable gold bonds.
With an 11% return in 2022, gold was the best-performing asset class, beating equities, debt, real estate etc, by a considerable margin. Rishi Piparaiya explains why gold needs to be a part of our investment portfolio.
Meenaakshi Chaudhary looks just as great in a simple cotton sari as she does when she is red-carpet ready.
On the opening day on Sunday, fast-rising Rezoana Mallick Heena and Bharatpreet Singh clinched a gold medal each in women's 400m and men's discus throw respectively.
Never got mentally down when people made fun of my weight: Neeraj Chopra in Fit India Champions podcast
This is a fashion parade you don't want to miss! Who's your favourite?
Gold, silver and other precious metals along with imported mobile phones, certain cancer drugs and medical devices are set to become cheaper with Finance Minister Nirmala Sitharaman announcing cuts in customs duty in the Union Budget 2024-25.
A yellow glow is likely to stand out amid grey geopolitical clouds in 2023, with gold price projected to touch Rs 60,000 per 10 grams in the Indian market as more investors veer towards safe-haven assets. In a year where volatility was more a norm than an exception, gold prices in the international market oscillated from a peak of $2,070 per ounce in March to a low of $1,616 per ounce in November and is steadily recovering since then, according to market experts. At the beginning of 2022, gold prices were around $1,800 an ounce.
Gold deposited by households to gold savings accounts will be used for auctioning, replenishment of RBI's gold reserves.
Rashmika Mandanna's style is peppy, snazzy and so worth emulating.
The Indian camp's most satisfying moment was, however, the gold-winning effort of women's 4x400m relay quartet of Mandeep Kaur, Manjeet Kaur, Sini Jose and Chitra Soman in championship record timing of 3:37.46s, on the final day of the third Asian Indoor Athletics Championships in Doha on Saturday.
India claimed the team dressage gold in equestrian sport at the Asian Games in Hangzhou on Tuesday, breaking a 41-year-old jinx at the continental event.
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.
Her wardrobe exudes confidence, sophistication and an undeniable X-factor.
Brides and grooms are pulling out all the stops when it comes to wedding wear. Conventional is passé, observes Asmita Aggarwal.
The commerce ministry is working on different scenarios to assess the possible fallout of reciprocal tariffs to be imposed by the US administration on April 2 on its key trading partners including India, sources said. US President Donald Trump has said that April 2 will be 'Liberation Day' as he plans to announce tariffs or import duties to bring down America's trade deficit, and promote the country's manufacturing.
While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.
At face value of Rs 2,893 and interest payout of 2.5 per cent, sovereign gold bonds offer best route to invest in yellow metal, says Tinesh Bhasin
The duo clinched their second gold medal in archery at the Asian Games.
Of Trump's reciprocal tariffs and trade deals
Despite its recent underperformance, gold must be a part of your portfolio.
Nothing combines elegance and beauty better than a Kerala kasavu sari.
While radiant skin, statement eyes and flawless lips dominated, it's evident that 2024's makeup offerings were not just about beauty -- they were about celebrating individuality and self-expression.
In 2022, gold emerged as the top performer among all conventional asset classes with over 14 per cent returns mainly owing to the depreciation of the rupee.
Celeb-approved nail trends you need to try right now.
Gold stocks in India are estimated to be over 20,000 tonnes at present.
Officials were surprised at how quickly smugglers appraised the Covid situation to recruit jobless migrant workers to ship gold.
8 celeb-inspired ways to wear metallic silhouettes.
The RBI on Wednesday eased gold import norms by allowing select trading houses, in addition to already permitted banks, to procure the precious metal to boost exports.
India and the United States will finalize the contours, schedule of negotiations, and terms of reference for a proposed bilateral trade agreement (BTA) during a three-day meeting beginning Tuesday. The agreement is expected to be finalized in two tranches, with the first phase focusing on goods trade. The US team, led by Assistant US Trade Representative for South and Central Asia Brendan Lynch, will be in India from March 25-29 to discuss the agreement. Both countries are aiming to conclude the first phase of the agreement by fall 2025.
This trending sari style gives a dreamy ethereal twist to our traditional saris. And Bollywood is loving it.
Gold exchange traded funds (ETFs) witnessed a net outflow of Rs 199 crore in January, making it the third monthly withdrawal in a row, with investors preferring equities over other segments on buoyant record SIP flow. This was in comparison to a net outflow of Rs 273 crore registered in the segment in December and Rs 195 crore in November. Prior to that, Gold ETFs attracted Rs 147 crore in October, data with Association of Mutual Funds in India (Amfi) showed.
Given the economic trends, it might make sense to allocate some savings to gold.
Take inspiration from these cutting-edge designs worn by fashion-forward celebs to ensure turn heads with your ultra-mod style.
The surge in volatility across the globe sparked by Russian invasion of Ukraine has led to an increase in prices of gold and silver - considered to be safe-haven investment bets. In the past month, silver funds have delivered returns of 7.34 per cent, while gold funds on an average have risen around 6 per cent. In comparison, the benchmark Nifty has declined 4 per cent. Fund managers say precious commodities act as a good hedge against inflation and phases of geopolitical uncertainty.
Jyothi Yarraji opened India's gold medal account in the Asian Athletics Championships
The government has hiked gold import duty to 15 per cent from 10.75 per cent to check the current account deficit (CAD) and rising import of the yellow metal. The duty changes came into effect on June 30. Earlier, the basic customs duty on gold was 7.5 per cent, now it will be 12.5 per cent.
