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Gold-silver ratio indicates more upsurge possible for the white metal.
During the ancient Olympic Games, athletes who emerged victorious were awarded 'Kotinos' or olive wreaths
The precious metal had gained Rs 1,240 in the last eight days.
While gold fell by Rs 400 to Rs 28,000 per 10 grams, silver plunged by Rs 1,500 to Rs 43,100 per kg on poor offtake.
Amid concerns of bullion trade being used for routing of black money, Switzerland's gold exports to India have risen further and is fast approaching Rs 1-trillion mark for the entire 2014.
India's current account deficit (CAD) will be contained at USD 45 billion this financial year, well below the record high level of 2012-13, Finance Minister P Chidambaram said on Monday.
India's gold demand declined 18 per cent to 135.5 tonnes in the first three months of this year, mainly due to a sharp rise in prices, according to the World Gold Council (WGC). The demand stood at 165.8 tonnes in the first three months of 2021. In terms of value, gold demand dropped 12 per cent to Rs 61,550 crore in the January-March period. It stood at Rs 69,720 crore in the year-ago period, the 'Gold Demand Trends Q1 2022' report released by the WGC said.
India will be fielding three teams each in the Open and women's sections respectively.
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
Elevated gold prices have led Indian investors to eye diamonds and platinum as a lucrative investment opportunity.
Geopolitical tensions in different parts of the globe and slowdown in global economy led investors to opt for safe-haven like gold over the last one year.
A gold was there for the taking but Saurav Ghosal let it slip, squandering a two-game advantage to narrowly miss out on becoming the first Indian squash player to win the yellow metal at the Asian Games, in Incheon on Tuesday.
Telegraphing messages from the Grazia Young Fashion Awards 2022.
Her clothes, like her chess tactics, are smart and full of finesse.
The gold medal in men's javelin throw F46 category in the Rio Paralympics made Devendra Jhajharia the most successful Indian para athlete ever but he is in no mood to stop here and is eyeing for a treble in the 2020 Tokyo Games. The 35-year-old Jhajharia, a left-hand amputee, is the only Indian para athlete to have won two gold medals in the Paralympics, the earlier one being the yellow metal he won in 2004 Athens. "I am not stopping here after the Rio success. I have enough gas in my tank and I will definitely go for gold in Tokyo. I know my body and I can still train two hours in the morning and two hours in the evening rigorously everyday, just like I did in the build-up to the Rio Paralympics," Jhajharia told PTI in an interview.
However, silver held steady at Rs 42,600 per kg on scattered enquiries from industrial units.
Traders said buying activity in gold picked as stockists enlarged their positions for the rising wedding season demand.
In order to check rising current account deficit, the government had raised import duties on the yellow metal to 10 per cent while Reserve Bank of India imposed curbs on import of gold and also laid down various pre-conditions for inward shipments of the precious metal.
In an unusual move, ace weightlifter Mirabai Chanu has been nominated for the Arjuna award by the national federation though the former World champion is already a recipient of Khel Ratna, country's highest sporting honour. The Indian Weightlifting Federation (IWLF) has nominated Chanu along with Ragala Venkat Rahul and Punam Yadav.
The demand for gold has bounced back sharply in India from the lows seen in 2020 because of the outbreak of the Covid-19 pandemic, and has even beaten the pre-pandemic level. In the September quarter, the demand for gold jumped 47 per cent year-on-year (YoY) to 139.1 tonnes, as against 94.6 tonnes in the year-ago period, and higher than the 123.9 tonnes recorded in the pre-pandemic September 2019 quarter, the World Gold Council (WGC) said in its latest release. In value terms, demand surged 37 per cent year-on-year (YoY) to Rs 59,330 crore during the quarter.
India opened its medal account with a gold each in the 10m Air Rifle Mixed and 10m Air Pistol Mixed Team events on the third day of competitions at the ISSF Shooting World Cup.
'Investors with as little as Rs 1 can start investing in digital gold.'
India's shooters clinched a gold and two silver medals on Thursday, the second day of competition, to remain on top of the standings in the 12th Asian Airgun Championships, in Taoyuan, Taipei. Ravi Kumar and Elavenil Valarivan won silver in the senior 10 metres air rifle mixed team event while it was a 1-2 for India in the corresponding junior event on yet another profitable day.
The number of ultra rich falls to 2.56 lakh in 2018 from 2.63 lakh. As much as Rs 262 lakh crore of the wealth possessed by the high networth individuals are in the form of financial assets, while the rest are parked in physical assets.
India's current account deficit, which is the excess of foreign exchange outflows over inflows, touched a historic high of 4.8 per cent of GDP in 2012-13, mainly due to rising imports of gold and petroleum products.
A glimpse of Rubina Dilaik's modern, wearable styles.
A large number of successful IPOs ensured that the total investor wealth, measured in terms of cumulative valuation of all listed shares, rose by nearly Rs 6 lakh crore during the year to Rs 106.23 lakh crore
Looks that hijacked eyeballs at the Elle Graduates 2022 Awards.
Miss Universe Harnaaz Kaur Sandhu shows off her love for colours.
India earned their second gold medal at the 17th Asian Games after the men's compound archery team bagged the yellow metal by getting the better of South Korea, in Incheon on Saturday.
Malavika Mohanan is proof that, sometimes, keeping it simple is best.
Vikas Gowda gave its first athletics gold medal of the 20th Commonwealth Games by winning the men's discuss throw on Thursday.
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Olympic silver medallist Rajyavardhan Singh Rathore says people called him a 'mad' when he first started dreaming about Olympic medal.
The current bear run has already been the second longest since 1975.
