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.
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.
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.
Gold rises on firm demand, global buoyancy
Do you have financial planning queries? Ask rediffGURU Anil Rego.
The recent round of sell-off is losing momentum and buying is again picking up due to firm marriage season demand.
India's gold obsession needs a correction.
In the first phase the yellow metal sold in four metro-Delhi Mumbai Kolkata and Chennai would compulsorily have hallmarking, assuring the purity, while the rest of the country would have to implement the norms in the next few months.India consumes on an average 800 tonnes of gold each year.
The duo combined to give India the first place in the men's standard pistol event at the Commonwealth Shooting Championships.
Rajasthan's Mahaveer Singh and Tejaswini Sawant of Maharashtra were among the shooters to have won the gold medals on the 10th day of the 56th National Shooting Championship in New Delhi.
Commonwealth Games gold medalist Krishna Poonia, on Thursday, won gold in women's discus throw event in the Harvest Throw Meet in Portland, United States.
Banks in talks with temple trusts to push gold scheme
Lack of security provisions coupled with inadequate infrastructure and lukewarm response from jewellers have put the government decision of making hallmarking mandatory for gold from January 1, 2008 into uncertainties.
The rapid molecular test is highly accurate and easy to use, making it a prime candidate for use in settings with limited testing capabilities, according to the researchers.
Gold prices dropped at the bullion market on Thursday on selling by stockists and traders following mute demand due to prevailing high prices and lower global cues.
Prices rose further on the bullion market in Mumbai on Tuesday as silver hardened smartly on heavy stockists' demand and gold closed higher in line with firm overseas advises.
Indian jewellery is widely prized for intricacy and craftsmanship.
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%.
Precious metals plummeted on the bullion markets across the board on weakening international trend, as gold lost between Rs 300 and Rs 220 per ten gram and silver by Rs 1015 and Rs 450 per kilo.
India's schedule on Sunday, August 7, Day 10 of the Birmingham Commonwealth Games.
'I will be running for timing in Asian Games. The training I had, I hope to record my personal best and win the race.'
India also bagged three 2024 Paris Olympic quotas while they had won two Tokyo Games quota places from the Changwon worlds.
The Reserve Bank of India (RBI) has given HDFC Bank six months to migrate HDFC's home loan customers to external benchmark linked lending rate (EBLR), top sources in the bank told Business Standard. Almost half of HDFC's 5.4 million customers are home loan customers. It is mandatory for banks to link retail loans and loans to micro, medium and small enterprises to an external benchmark. Non-banking financial companies do not have such a mandate.
Gold closed at its highest level in nearly two weeks.
Gold prices this year are higher than last year, and the goods and services tax is an additional burden for consumers
The government on Thursday said nearly 7,000 jewellers have been granted hallmark licences after the quality standards, or hallmarking, for gold were launched in 2001.
Here are five red flags that should prompt you to look beyond a mutual fund's five-star rating.
'Historically, equities have consistently outperformed debt, gold, property, and other assets over a reasonable period.'
The government has retained 10% duty on import of the yellow metal.
India's only individual Olympic gold medallist Abhinav Bindra was named on a panel entrusted with the task of preparing the blueprint for the country's success at the next three Games, the sports ministry said on Monday.
Dealers anticipated a sharp rise in jewellery demand this wedding season, but then came demonetisation.
Gold prices staged a smart rebound to surpass the psychologically important Rs 28,000 milestone.
In the overseas market, the yellow-metal was trading higher amid bargain hunting.
'The CM kept his cool, but his adviser was liberal with filthy language.' Tamal Bandyopadhyay recreates the diary of a general manager in a public sector bank, providing a glimpse of how they balance their work and life.
Prathap Reddy, chairman, Apollo Hospitals group, said the group was aiming to provide the best of West and East in healthcare.
Vijayveer Sidhu, 16, shot a gold in the 25m standard pistol event for junior men after combining with Rajkanwar Singh Sandhu and Adarsh Singh to claim the team gold on the last day of the ISSF World Championships.
.jpg)
Gold slumped by Rs 260 at the domestic bullion market on Thursday due to a fresh wave of profit taking by investors and traders amid reduced stockist demand.
Silver surged by Rs 1,575 per kg on higher speculative and industrial offtake.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances