Promising sprinter Dutee Chand bagged her second gold medal, winning the women's 200 metres, in a clean sweep of medals by Indians at the Taiwan Open Athletics Championships, Taoyuan City, Taiwan, on Friday.
Jeera July futures in NCDEX touched a record high of Rs. 58,085 per quintal on Monday, before coming down to around Rs. 55,500 on Tuesday. This was due to profit booking and extension of additional surveillance margin of 2.5 per cent till July 18, including on all contracts to be launched in the future. The softening, according to some reports, is also because of fears of regulatory action on jeera traders over allegations of excessive speculation.
Finally, gold prices have started heading south this week. Prices of yellow metal tumbled to an eight-month low of Rs 8,600 per 10 gm
Standard gold prices soared to unprecedented levels to touch Rs 8,215 per 10 grams, gaining Rs 65 on a single day, while the price of the 22 carat ornament gold rose to a record high of Rs 761 per gram.
The rally in silver may continue if the global economic recovery remains on course.
Gold prices gained marginally, in an otherwise listless and cautious trading on the bullion market in Mumbai on Saturday owing to stray buying support.
Jewellers sold huge quantities of precious ornaments at a premium of up to 50%.
Sitharaman, India's first full-time woman finance minister, had in July 2019 ditched the colonial legacy of a Budget briefcase for the traditional 'bahi-khata' to carry Union Budget papers.
Gold spurted Rs 320 to trade at Rs 29,090 per 10 grams at the bullion market in Mumbai
Pressure from the Soren clan is only one of the challenges Champai faces as he readies himself to helm the predominantly tribal state.
Here is all you need to know about hallmarking of gold.
A survey by BIS has found that only 14 of the 120 gold samples collected from various parts of the country conformed to the standards, meaning that most consumers are almost certain to buy substandard gold than the metal of desired purity.
Haryana's 3000m steeplechaser Priti Lamba was on Monday added to the Indian athletics team for the Hangzhou Asian Games
Spot silver rose 0.3 per cent to $15.35 an ounce.
Images from the World Athletics Championships in Budapest on Saturday.
The ace shooter won the 25m standard pistol competition as India won its first shooting title at the Asian Games after 12 years.
The yellow metal now trades at a 0.5 per cent premium over its landed cost, compared to a 4 per cent discount in mid-September because jewellers have voluntarily withdrawn the display of cash price from their website.
The third quarter (Q3) of 2023-24 (FY24) has proven to be pivotal, witnessing some startups turning profitable and others enhancing their performance as their businesses finally begin to deliver. Startups like Delhivery, Zomato, PolicyBazaar, Mamaearth, and Nykaa have either become profitable or improved their profit margins in Q3FY24. A renewed focus on profitability, supported by operational efficiencies, expense rein-in, and robust demand during the festival season, has empowered companies to strengthen their performance.
Gold prices fell back after a brief overnight rebound on the first trading day of 2015 at the domestic bullion market due to reduced stockists offtake as well as lack of local buying interest.
BSE proposes two models for making gold trading and investment transparent
Spot gold was trading little changed at $1,315.15 an ounce in early European trade.
Dixon Technologies right now is a beehive of activity. It is building a new facility in Noida to make 1.3 million laptops for Taiwanese PC maker Acer. The facility must be up and running in four months. The pace of activity will only increase. Last week Dixon won a similar contract from Lenovo, the Chinese personal computer maker and the third largest information technology (IT) hardware brand in India, to assemble laptops and notebooks. Though the clientele in these two cases is Taiwanese and Chinese, Dixon is a company reaching for the stars with its feet planted firmly in the Indian government's policy.
The government's move to make hallmarking for gold mandatory from January 1, 2008 has got into bottlenecks thanks to lukewarm response from jewelers across the country.
Do you have financial planning queries? Ask rediffGURU Anil Rego.
Standard gold continued its rising momentum 6th straight day on Wednesday recording a staggering Rs 620 or Rs 2.83 per cent rise since May 19.
40-50 tonnes of gold may have been smuggled into India in July-September; industry seeks duty cut
The hallmarking of gold, which is voluntary in nature at present, is a purity certification of the precious metal.
Pure gold of 99.9 per cent purity gained by Rs 120 per 10 gm to close at Rs 30,470 from Rs 30,350.
On the other hand, silver rose on good speculative as well as industrial demand.
Gold plunged sharply to hit a three-month low.
At nine-month high, current prices attractive; consumers want to cash in before a correction
Smuggled gold, which is selling sharply lower than the spot market price, is also responsible for discounts not ending. Some consumers are selling high amounts of gold.
Gold has traditionally been the standard by which the value of anything is assessed
India's only para-athlete to win two Paralympics gold medals, Devendra Jhajharia is overwhelmed to have found a 'fan' in country's Olympic champion Abhinav Bindra, which he feels would motivated him to go for his second yellow metal at the upcoming World Championships.
Gold prices resumed the day on a historic high at the bullion market in Mumbai on Thursday, with standard gold (99.5 purity) opening at Rs 6675 per ounce, a level not seen before.
Continuing the record-setting spree, gold prices on Thursday climbed to Rs 18,399 per ten gram for April delivery amid weak US dollar.
Ravindra Chauhan, a regular commodity investor, is now regretting his decision to invest in gold, which fetched him only 6.08 per cent in the last one year because of a stronger rupee. He says that most banks' fixed deposits would have made him richer by at least 9 per cent during the same period with little holding risk.
Gold rises on firm demand, global buoyancy
'I will be running for timing in Asian Games. The training I had, I hope to record my personal best and win the race.'
The recent round of sell-off is losing momentum and buying is again picking up due to firm marriage season demand.
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