The biggest gold buying festivals are Akshaya Tritiya and Dhanteras.
The month of March could be worst in many years, with imports estimated only around 18 tonnes amid the coronavirus pandemic and the nationwide lockdown, said an industry player. The import in March 2019 was 72.5 tonnes, according to the GFMS data.
A limited edition Sachin Tendulkar gold coins, with the senior cricketer's face and signature embossed on them, were launched in Mumbai on Monday on the auspicious day of 'Akshaya Tritiya'.
Ten Maoists were killed in an encounter with a splinter group of the Communist Party of India-Maoist near a village of Chatra district, police said on Thursday.
The gifted mogri even bears the caption 'sharabiyon ke sutara hetu bhent, police nahi bolegi' (gift for beating drunkards, police will not intervene).
Jeweller and importers were awaiting the correction to stock the yellow metal for upcoming marriage season.
Trend may slow down the growth in investment demand of the yellow metal in the short term.
The Sena leader further said the RSS's agenda behind inviting Mukherjee as the chief guest to one of its event, held in Nagpur on June 7, would only be clear after the 2019 general elections.
Indians love affair with gold will never end. Despite a lull, there is heavy demand in the market.
Gold is back in favour with consumers shifting their focus on the precious metal on the back of moderation in prices.
Power, realty, FMCG, consumer durables, metal, infrastructure, PSU and oil and gas and banking stocks emerged front-runners on sustained buying by participants.
'Mohan Bhagwat's reaffirmation of the RSS's Hindu rashtra ideal has shown that nothing has changed, that it remains firmly rooted in its fundamental beliefs, that the willingness to listen to voices from outside its fold was a pretence about being openminded,' argues Amulya Ganguli.
Govt has so far refused to bring down the import duty to 2% from the current 10%.
Addressing his monthly 'Mann ki Baat' programme, he also said that India's fight against the novel coronavirus has become people-driven wherein every citizen is playing his or her part.
Exports rise for 8th month, albeit at lower pace
March was the worst month for gold imports because of a strike by jewellers over the imposition of an excise duty.
Uncertainties like the bankruptcies bill, rising non-performing accounts at banks and political uncertainty are expected to drive gold demand higher in India.
After demonetisation, demand jumped as many people with unaccounted money bought the yellow metal.
Despite various challenges, the past year was a good one, says Bruce Cleaver, chief executive officer of the De Beers Group, the global corporation that has been the leading one in all aspects of the diamond trade for over a century.
In August 2013, import duties on gold, silver and platinum were hiked to 10 per cent in order to curb the surging imports and also to check CAD.
The temple doors were opened at 8.50 am and the prime minister arrived just about half an hour later to offer prayers and perform a 'rudrabhishek'.
Gold demand will go up in the second half of this year.
Concern would kick in if imports stay at or over 100 tonnes a month.
The scheme, touted as a panacea to burgeoning CAD, was a huge flop that fostered a spike in smuggling and allowed several Gitanjali-like players to make a killing
Siddharth Varadarajan, Editor-in-Chief of The Hindu, announced his resignation from the newspaper on Twitter on Friday, two years after he took over the reins from N Ram as the first professional editor of The Hindu.
Devdutt Pattanaik, who has simplified the ancient Indian scriptures for millions of readers, highlights what our scriptures have to say about homosexuals and transgenders.
"In India, we derive our strength from tolerance, and respect our pluralism. We celebrate our diversity," he said.
Gold is often considered a 'hedge' against an economic uncertainty.
Dealers expect prices to fall further, owing to an impending rate hike in the US
Globally, jewellery buying fell 14%, investment slid 11%.
Patnaik, 89, passed away at Sri Venkateswara Institute of Medical Sciences in the temple city
The apex court said the exception in the rape law was contrary to the philosophy of other statutes and violates the bodily integrity of a girl child.
'For the last 10 years the Congress made the RSS an idea of intolerance, anti-minority, especially anti-Muslim, and an idea of fascism.' 'That has been demolished now by Pranab Mukherjee.'
The soul of India resides in pluralism and tolerance. This plurality of our society has come through assimilation of ideas over centuries. Secularism and inclusion are a matter of faith for us. It is our composite culture which makes us into one nation.
The current bear run has already been the second longest since 1975.
A tiny village in the Gangotri area and a self-discovery vacation...
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