Gold import this financial year is estimated at 945 tonnes.
At a time when the whole world is going ga-ga over stocks and debt is too easy to borrow, do not forget gold, says Anil Rego.
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Levy in India one of the highest in the world; finance minister urges banks to tell customers not to invest in the metal.
Global buyers are putting pressure on exporters to offer discounts between 10 per cent and 15 per cent.
Imports in 2016 expected to be lowest in 7 years but experts don't rule out a revival in demand if the yellow metal's price falls
Did you know that your home insurance covers valuables in bank locker?
The richest Hindu temple in the world could soon come to the rescue of Prime Minister Narendra Modi's plan to recycle tonnes of idle gold and cut economy-hurting imports.
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Gold loans can be released online or by bank transfers.
Silver is emerging as a stronger bet for the long-term.
'Irrespective of the price movement of gold, customers can lock in their purchase at Rs 28,000 per 10 grams of pure gold.'
If hallmarking data are anything to go by, the proportion of spurious jewellery in the country might have shrunk significantly in the past five years.
Investors, including large corporations, view them as a potential hedge against uncertainty, and mainstream investment banks too are jumping into the game.
In 2013, the fall in international gold prices was 28 per cent.
According to sources, a few hundred have been issued to Indian businessmen, celebrities and brand experts.
The sector employs around 1 million skilled and unskilled workers directly and indirectly and decline in exports is a major worry for participants in the value chain.
Investors must be cautious and follow a prudent diversification strategy to mitigate against any risks in case of any unforeseen events.
Elections will also be held in 35 assembly constituencies in Odisha.
Most consumers are going for token buying of lesser value and are waiting for price correction for purchase of wedding jewellery.
Veterans recall they haven't seen gold falling for 3 years in a row.
Huge gold imports have put pressure on the country's CAD, which in turn is affecting the value of rupee.
Huge gold imports have put pressure on the country's Current Account Deficit, which in turn is affecting the value of rupee.
It is true that the rupee is at least becoming less strong, albeit slowly.
The auditors have discovered lack of confirmation of balances from 14 overseas buyers as claimed by Winsome Diamonds.
Gold is often considered a 'hedge' against an economic uncertainty.
'Azim Premji has given away about one-and-a-half lakh crore rupees of his wealth.' 'Most of us will not even know what that sum actually means.' 'To put it into context, it can fund India's health budget and education budget,' points out Aakar Patel.
The jewellery industry has welcomed the government's decision to ban old Rs 500 and Rs 1,000 notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes. But the unorganised builders and secondary (resale) property market would be adversely impacted.
This has steered a rally in global equities and dollar Index also ticked higher, trading near its four year high.
The new TTD chairman's Venkateswara pendant seems like a simple yet effective tool to silence his critics and to unburden the baggage of his family's religion.
Earnings growth is unlikely to see much recovery and sales revenues are also likely to remain muted
The price of gold in India seems to have bottomed out.
It was unclear how bankers were deciding which jewellers to support
During his visit, first by an Indian prime minister in 34 years, Modi will seek to enhance cooperation in energy and trade and reach out to investors to hardsell India as an attractive business destination.
Sensex ends lower; govt schemes in focus.
Nobutaka Kitajima, chief investment officer -- equity, LIC Nomura Mutual Fund, tells Business Standard the reaction to the Fed's statements has been overdone and the current downturn has punished certain stocks much more than their inherent economic worth and business potential.
If you simply understand that you do not understand the sock market, that will be a favour. A big favour...
Totally 13 global brands were surveyed by NGO on whether they ensured human right protection while sourcing when gold and diamonds
There are two important points about the price correction in gold. The first one is the anti-correlation with the U.S. dollar; certainly that put pressure on gold. The second one, which may be even more important, is that people really seem to believe that the financial system is safe again.
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