Theft of gold from five packets had been reported to the police on January 16, 20, April 30.
In mid-March this year, the finance ministry asked state-run banks to review their gold loan portfolio for the two-year period between January 1, 2022, and January 31, 2024. This business had grown at a fast clip. Reserve Bank of India (RBI) data has it that it grew 15 per cent to Rs 1 trillion in FY24. Now, in recent times, any kind of exuberance in financial services has seen the authorities swoop down - be it pushing the lines on governance or unsecured credit.
India's star shuttler P V Sindhu pulled out of the upcoming BWF World Championships on Saturday following a stress fracture on her left foot.
About 5,000-6,000 people are dealing in gold dust in West Bengal for months along the Ganges in and around Shibpur area of Howrah district without any licence whatsoever.
Gold on Tuesday advanced further to hit a fresh two-month high of Rs 29,100 per 10 grams, driven by heavy buying by retail customers for the festival of 'Akshaya Tritiya'.
'At a young age he's brought immense pride and glory'
WA noted that the 23-year-old Chopra had 143,000 followers before the Olympics, but now has a staggering 3.2million (on Instagram), making him the most followed track and field athlete in the world.
Gold today zoomed by Rs 1,025, its second biggest rise this year, to Rs 28,990 per 10 grams, on brisk buying by stockists and investors amid a firming global trend and shifting of funds to the precious metal from volatile equity and forex markets.
India claimed the team dressage gold in equestrian sport at the Asian Games in Hangzhou on Tuesday, breaking a 41-year-old jinx at the continental event.
It was trading around Rs 30,638 per 10 grams, the lowest since August 30.
The world's first gold vending machine unveiled at Abu Dhabi's Emirates Palace hotel, began attracting customers minutes after it was opened.
The other Indian in the fray, Parth Makhija, who also qualified for the ranking event following an impressive show on Sunday, finished fourth with a score of 258.1, behind 33-year-old Israeli shooter Sergey Richter, who scored 259.9.
The government on Thursday slashed the import tariff value on gold for the second straight day to $ 414 per 10 grams and silver to $672 per kg, in line with weak global prices of the precious metals.
Traders said sentiments continued to remain bearish on persistent selling by stockists after the RBI last week eased import norms on the yellow metal by allowing select trading houses, in addition to already permitted banks, to procure the metal to boost exports.
Gold prices in India have been escalating very fast of late and in the last week of April, it scaled a new peak by adding Rs 50 to a record price of Rs 22,520 per 10 grams.
Sentiment remained bearish as gold fell in global markets after better-than-expected US economic data backed the case for the Federal Reserve to slow stimulus, traders said.
The white metal had hit a record level of Rs 74,300 on April 25.
While gold surged Rs 200 to Rs 21,420 per 10 gm on rising seasonal demand, silver rose by Rs 1,250 to Rs 54,450 per kg on heavy buying by stockists and industrial units, amid firm global cues.
Prices registering a whopping 65 per cent growth in domestic markets and a 75 per cent jump in the US.
Parupalli Kashyap brought the curtains down on India's campaign in the 20th Commonwealth Games to a thunderous applause, winning a historic gold in the men's singles badminton on Sunday, as the country earned a fifth-place finish with 64 medals, including 15 yellow metals.
Real estate buying dropped between 2004 and 2012.
Rinku Hooda and Ajeet Singh finished third and fourth respectively in the men's F46 javelin throw final on Friday, but the result was put on hold after India lodged a protest that Herath was ineligible to compete in the category.
'You should always maintain an allocation to gold as it has the ability to counterbalance any correction in the equity market.'
Will continue to play for India in multi disciplinary events
According to Ketan Shroff of Pushpak Bullions Pvt Ltd, "Traders are selling at Rs 14,900 -- 14,950 per 10 gm presently, which was Rs 100-150 lower than the landed cost." He added, "The consumer price depends upon customers' needs as some in dire need of money sell at prices lesser than Rs 14,900 per 10 gm while others attract customers through price negotiations."
The spot gold was sold below the landed cost due to the weak demand for the metal.
Rio is at the back of his mind but for Sushil Kumar, one of India's greatest Olympians, the immediate aim is to win a gold medal in the upcoming Asian Games, a stage where the decorated wrestler, surprisingly, is yet to taste success.
The yellow metal on Wednesday hit a new record at the New York Mercantile Exchange at $1,148.10 an ounce (28.34 grams) for the December delivery following a 0.37 per cent dip in the dollar index.
Gold and silver imports during April, 2013 jumped by 138 per cent to $7.5 billion against $3.1 billion in the year-ago period.
They are paying a premium of Rs 700 - Rs 1,500 per 10 gm.
On gold buying occasions such as Akshaya Tritiya, Chiraj Mehta points out, investors are often confronted with the question: Should I make just a token purchase, or should I buy more towards building my allocation in the yellow metal?
The only Indian to win an individual gold medal in Olympics, shooter Abhinav Bindra, has been recommended for the Bharat Ratna -- the country's highest civilian honour -- by the National Rifle Association of India (NRAI).
In India, gold breached all previous records to hit the high of Rs 14,320 per 10 gm taking consumers and stockiest out of the trading floors.
Silver crossed the coveted Rs 50,000 per kg mark today by rising Rs 1,200 to Rs 50,500 per kg, while gold surged to an all-time high of Rs 21,240 per 10 grams, an increase of Rs 300 from its previous close, on brisk buying by jewellers for the ongoing marriage season.
Her awww-worthy wardrobe is an absolute treasure trove.
These styles will bring out the Marathi mulgi in you on Gudi Padwa.
Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.
Silver prices zoomed to set an all-time high peak at Rs 12,750 per kilo on the bullion market on Saturday as stockists and jewellers bought silver, shifting from the yellow metal which touched a record high.
Let's take a look at the arguments that will decide the price of gold this year.
