The restrictions on gold imports will be reviewed by March end, Finance Minister P Chidambaram said on Monday.
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BSE auto index surged 2%, capital goods, healthcare and oil & gas indices also up.
India's Yogeshwar Dutt beat Yusupov Zalimkhan of Tajikistan 1-0 to win the gold medal in the men's freestyle 65 kg wrestling event at the Asian Games in Incheon.
Track and field success at the Olympics has largely eluded India
Pret designers Alpana Mittal and Neeraj Chauhan's outfits have been worn by Tyra Banks, the late Sridevi and Sofia Reyes.
Gold is often considered a 'hedge' against an economic uncertainty.
According to World Gold Council (WGC), gold jewellery demand in India, the world's largest consumer, touched record 662.1 tonnes in 2014.
India's gold import bill, estimated at $3 billion in May, is seen falling further this month
Gold monetisation scheme will help unlock value of gold.
India has 20,000 tonnes of idle gold; gold is an important aspect of women empowerment: PM.
The idol was made by artist Abaasaheb Shewale and his team.
Track and field athletes led India's gold rush on the third day of competitions at the 13th South Asian Games as the country added a whopping 29 medals to jump to the top of the medals tally, in Kathmandu, on Wednesday.
Mehuli Ghosh's effort will, however, not be considered as a world record, as the South Asian Games' results are not recognised by the international body (ISSF) for the purpose of records.
Indian shooter Manu Bhaker won gold in women's 10m Air Pistol in Youth Olympics on Tuesday.
By 2020, we should have some 10 listed sports companies, with one or two big enough to be on the Sensex
World Championship silver medallist wrestler Amit Kumar rued that a bad umpiring decision at the end of his bout cost him a deserving gold medal in the final of the 55kg category against Iran's Hassan Farman Rahimi.
Replaces China as imports more than double to 204 tonnes in September quarter, with demand up 39%.
Yuki Bhambri advanced to the singles second round of the ATP Tashkent Open and reached the doubles quarter-finals, partnering compatriot Divij Sharan, following an upset victory over the top seeds on Tuesday.
While taking gold out of the closet to borrow money is no longer taboo in Indian households, the sharp drop in gold prices is hitting the newest loan product on the banking turf hard, explains Tamal Bandyopadhyay.
If new goals have emerged, this is the time to make fresh investments.
In the Financial year 2013-14 there were encouraging signs on the foreign trade front as India's trade deficit recorded a sharp fall.
The country's two biggest state-run lenders on Saturday pitched for treating a portion of their gold deposits as part of the mandatory cash reserve ratio (CRR) or statutory liquidity ratio (SLR), both of which banks consider as non-productive.
Make way for these beauties who ruled the red carpet at the GQ Men of the Year Awards 2017.
India continued its fine run at the 22nd Asian Athletics Championships, winning four gold medals so far on a rain-hit second day of the competition in Bhubaneswar.
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'Gold could return 10% to 12% in the next two-three years.'
Trust Beyonce to bid a stylish farewell to 2018.
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Summary of sports events and persons who made news on Wednesday
By tying gold imports directly to export volumes, India is effectively trying to cap how much bullion can be brought into the country, tightening supplies and driving up local prices.
Virat Kohli sent the shutterbugs into a clicking frenzy as he received the Rajiv Gandhi Khel Ratna award
Movements in gold prices will depend on the US' interest rates.
Minutes earlier, Sarkar had been in the media tribune, capturing the proudest moment of his coaching career on a modest mobile phone as Barman stood on the podium shrouded in India's tri-colour flag with the gold medal around her neck.
On the last day of the competition, Yash Vardhan and Shreya Agrawal bagged three gold medals each.
Is that your jaw on the floor?
Rahi Sarnobat beat all expectations to become India's first woman shooter with an Asian Games gold and the low-profile wushu players delivered their best ever performance even in defeat on another high-yielding day for the country at the regional showpiece.
2,500 kg of sandalwood to Pashupatinath temple cost India Rs 1.9 crore, reports Nivedita Mookerji
Being more financially savvy helps women choose the right balance between consumption spending vs investing for future and can hold them in good stead as life hands out various twists and turns along the way, says Piyush Baranwal
