The precious metal gold peaked to 11 week high on the domestic markets Friday following higher international advices on weaker dollar.
Imports are down also because local traders are clearing unaccounted stock after introduction of 1 per cent excise duty
Samoa's Don Opeloge 381kg (171kg+210kg) bettered his 2018 silver by clinching gold with a record-breaking performance.
Gold prices rose further to touch an all-time high during early trade on the bullion market in Mumbai on Tuesday, with standard gold being quoted at Rs 6,495 per ounce and pure gold at Rs 6,530.
As Ayodhya readies itself for the glittering, much-awaited consecration ceremony of the Ram Mandir on January 22, and as millions of pilgrims and devotees pour into the holy city for the momentous event, companies are rushing to do their bit and be a part of the mega celebrations. Some are offering a part of their profits as donations, telcos are beefing up the number of cellular towers to ensure better connectivity, and there are those distributing jalebis and food platters.
Lenders feel temples still have a few apprehensions.
The United States set a world record of three minutes and 50.40 seconds in the women's 4x100m medley relay final at the world championships on Sunday.
Gold prices fell to a 5-year low of less than $1,100/ounce.
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Measure to be implemented in metros first, followed by state capitals, district HQs and rest of country
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Gold jumps on good seasonal support; silver extends losses.
Gold prices fell further at the local bullion market on Saturday due to reduced off-take by stockists as well as lack of local buying support at the existing levels.
In 2013, the fall in international gold prices was 28 per cent.
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Standard gold of 99.5 per cent purity declined by Rs 220 to end at Rs 25,680 per 10 gm. Silver plunged below the Rs 46,000 per kg-mark.
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Currently, there is no standard method for arriving at the value of gold accepted as collateral and valuation is arbitrary and opaque.
Spot gold was substantially higher at USD 1,117.40 an ounce in early European trade.
The options include involving jewellers as collection centres, addressing of issues that banks have been facing and using domestically available gold for giving metal loans to jewellers for domestic sales.
The trend is expected to continue for a couple of months. But that hardly moves investors. Confusion, lack of knowledge and unpredictability are some reasons for gold ETF not pickling up as an investment option in India, market pundits say. The idea of gold ETF was first officially conceptualized by Benchmark Asset Management Company in India when it filed a proposal with the SEBI in May 2002.
In 5 years, the average demand for gold has been 895 tonnes annually.
Gold demand in rural India is expected to be lower this year with weak monsoon affecting household savings, according to the World Gold Council (WGC).
The current bear run has already been the second longest since 1975.
The current monetary 'non-system' is the only way to deal with the turmoil in the world economy.
'If we want to ensure this isn't a once-in-four-decade phenomenon, then we have to produce 1,800 players all the time, create infrastructure, so that we are constantly challenging at the top of the ladder.'
Price up on weak dollar and strong demand
Half a century after he left school, A Ganesh Nadar attends a school reunion.
Gold prices declined further on the bullion market in Mumbai on Tuesday on persistent stockist offerings in view of the fall in the overseas markets.
Finance Minister Arun Jaitley's decision to cut arbitrage may ensure that the standards of purity of the refined gold in the Indian market meet the global benchmark
Prime Minister's Economic Advisory Council Chairman C Rangarajan dashes bullion firms' duty cut hopes.
India's top private banks might soon exit from the gold coin business.
Gold for August delivery jumped $8.70 to settle at $1,292.90 an ounce on the Comex division of the NYMEX late on Friday.
Markets will watch the policy meeting on June 18 and 19 for clues to a rollback of stimulus measures. Fed officials are divided over their ultra-easy monetary policy and some warn it could stoke future inflation and financial instability.
The scheme calls for banks, refineries and hallmarking centres to work together.
Gold prices crashed by Rs 105 per ten gram on the bullion market in Mumbai on Friday due to heavy offering by stockists after a sharp fall in New York prices.
Gold prices tumbled by Rs 100 per ten grams to close at Rs 6,395 at the bulllion market on Thursday, pulled down by persistent heavy stockists' offerings following a steep fall in New York after the US Dollar's sharp recovery against major global riv
Star Indian javelin thrower Neeraj Chopra shattered his own national record by clearing a distance of 87.43m en route finishing fourth in a star-studded field in the season opening Diamond League series meeting, in Doha, on Friday.
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