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.
Nearly five months after its soft launch, the government's e-portal, the National Single Window System (NSWS), is seeing a significant increase in the number of investors using it to get a bunch of approvals for their ventures. The first clearance was granted on 18 January. Since then, the progress has been good. Out of the 1,258 registered users on the portal, 378 were registered in the last one week.
Gold traders and jewellers continued their strike for the 17th day today in protest against the 1 per cent excise duty on non-silver jewellery announced in the Budget.
In a world where age and form seem to be at odds with each other, these IPL veterans defied expectations wrote their own narratives and left us all marveling at their incredible staying power.
A WGC survey says that there is no dearth of gold demand, but there is lack of trust among prospective gold buyers, not only in India but globally.
Mandatory hallmarking of gold would be a positive in making the gold market more organised. Mandatory hallmarking would come into effect from January 15, 2020, with a one-year transition period for trade to sell existing inventories. Experts also expect more policy measures next year to bring in more transparency in terms of gold as an asset class.
The customs duty from gold imports could be approximately Rs 8,000 crore, about less than half of what was collected a year ago.
The UK judge who handed down his judgment on Thursday in favour of the extradition of Nirav Modi to face charges of fraud and money laundering in India said he had found no evidence of adverse political influence in the case, as claimed by the diamond merchant's legal team.
The proposed bullion bank can help settle gold loan accounts in gold terms, and promote existing gold schemes, along with launching schemes including gold-recurring deposits.
In 5 years, the average demand for gold has been 895 tonnes annually.
The Finance Ministry has sought comments from stakeholders.
For India to monetise gold, it is not the institutional depositor that policymakers must target but the average retail depositor.
The iconinc Zaveri Bazaar in south Mumbai does business of around Rs 3 trillion a year.
Gold schemes are offering attractive returns to investors.
A wide range of Malayalam movies is set to hit the screens in the coming months.
Despite the recent imposition of import rule and high duties, the yellow metal continues to attract buyers.
"Guide to looting India by Nirav Modi - - 1) Hug PM Modi 2) Be seen with him in Davos. Use that clout to: A) Steal 12,000 crore B) Slip out of the country like Mallya, while the government looks the other way," Congress chief Rahul Gandhi tweeted.
'Today the Chinese think they can slap India, and there will be no consequences.' 'They must be made to feel the consequences through any and all means,' says Rajeev Srinivasan.
Prince William and Princess Catherine, the Duke and Duchess of Cambridge, collected quite a few Mumbai hearts on a hot two days in April.
