ilver continues to outperform the yellow metal, with the gold-to-silver price ratio declining to its lowest level since 2013. The ratio fell to around 57 on Wednesday in the international market, from a five-year high of 100.8 at the end of April 2025.
"Independence means if government has done something wrong, you say it's wrong. But at the same time, you should have courage when the government is doing the right thing every day. You have to also say that," he Gautam Adani was quoted as saying by FT.
Businesses that either take local communities for granted or see them as an obstacle to be 'managed' are skating on thin ice.
India's annual gold consumption is about 800-900 tonnes, of which about 750 tonnes is imported. However, in 3-5 years, domestic refineries would meet the whole demand, reports Rajesh Bayani.
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 present, it is trading at around $1,004 an ounce in the international market, about $150 cheaper than gold
Gold has held up better than many expected.
Totally 13 global brands were surveyed by NGO on whether they ensured human right protection while sourcing when gold and diamonds
There was a massive 24% decline in India's gems and jewelry exports to $2,321 million for September 2018 as against $3,053.38 million in the same period last year.
Providing relief to the economy from widening trade deficit on account of gold imports, the inward shipments of the metal slumped in December to 39 tonnes, Commerce Secretary Rajeev Kher said on Wednesday.
Even as Pakistan continues to urge the international community to accept its membership to the Nuclear Suppliers Group, highly placed sources in the United States who are involved with the tracking of nuclear commerce have claimed that Islamabad is still selling nuclear materials to North Korea.
The government has retained 10% duty on import of the yellow metal.
Those who have a long-range mission of true nation-building will pay close attention to World Bank's new action plan for fairness in all matters of land use, says Rajni Bakshi.
'India has about 22,000 tonnes of private gold, held by individuals and temples.' 'Much of this is locked up in safes and vaults as a dead investment. If we can put the vast reserves of gold to use, it would boost the economy,' says V P Nandakumar, executive chairman, Manappuram Finance, India's first listed gold loan company.
'No PM has said no to anything we have proposed. I am not a politician and I cannot give speeches about things, but a lot of good things have been done in science by previous governments.' 'Under Dr Manmohan Singh, we could do a few important things. I used to meet him once in 6, 8 weeks. He often said, 'Professor Rao, you assume that you have my approval and carry on.' He was shy and decent. He is a real gentleman.' 'Science keeps me going at 80. I feel young.' Professor C N R Rao, the eminent scientist who was honoured with the Bharat Ratna, on the state of science in India.
The former McKinsey India head is presently on board of many big Indian conglomerates.
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