For the first time, consumers, including those at the so-called bottom of the pyramid, are monetising gold by taking loans from banks, offering the yellow metal as collateral, says Tamal Bandyopadhyay.
Round-tipping creates the opportunity for exporters to source funds at a much cheaper cost, which they divert to some other business.
The big names who will be bidding for a podium finish before bidding farewell...
India's Neeraj Chopra explains why he lost to Pakistan's Arshad Nadeem in the Olympics men's Javelin Throw final.
The 30-year-old, who won Olympic gold at the Rio Olympics in 2016, will miss this year's Olympic Games in Paris.
East Bengal edge past NEUFC 1-0 to register first win of ISL season
Mark your calendar! On August 7, Tata Motors is unveiling a revolutionary vehicle -- the Curvv, billed as India's first SUV coupe.
Available in a range of standards, including gold and silver, the special collectors' coin is designed by Heena Glover and features an image of a lotus, India's national flower, alongside one of Gandhi's most famous quotes -- "My life is my message".
The best part is that an investor gets price appreciation and earns interest income as well, which is unique only to sovereign gold bond.
Northern Ireland boxer Sean McComb has been fined and banned from the Gold Coast's nightclub districts for the rest of the Commonwealth Games after being involved in an altercation with bouncers at a local bar.
Simone Biles withdrew from the vault and uneven bar apparatus finals at the Tokyo Olympics on Saturday as the US gymnast continued to wrestle with mental health issues.
Global gold demand has seen a year-on-year decline of 8 per cent during the April-June period to 948.4 tonnes and going ahead further monetary tightening and continued dollar strength may pose headwinds, says a report. According to the WGC Gold Demand Trends Q2 2022 report, the total gold demand during the second quarter of 2021 stood at 1,031.8 tonnes. The year-on-year demand was affected by increase in gold electronic traded funds (ETFs) outflow, decline in Central banks buying and lower demand from the technology segment, the report said.
Unnecessary victimisation may "reflect in the bilateral relations", the Bombay high court said on Thursday while ordering the authorities to issue exit permit to a Chinese woman who was acquitted in a gold smuggling case yet could not leave India.
A summary of Indian athletes' showing at the Paris Paralympics on Sunday, September 1.
A former world number one, Panghal has medals in the all big-ticket events barring the Olympics
Images from the Diamond League Finals at the King Baudouin Stadium in Brussels on Friday.
At a time when none in Kerala's Left politics questioned the chief minister's authority, MLA P V Anvar hurled a series of accusations against Pinarayi Vijayan's government, notes Shyam G Menon.
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The government has also raised the duty on gold ore/ concentrates/dore bars and silver dore bars ranging from 7 per cent to 10 per cent.
In July alone, 2.5 tonnes of gold coins were imported so far from South Korea under zero-duty facility
US women dazzle in crystal-studded leos
The NIA had filed the case suo motu on July 8 last year and arrested the 13 persons from Tamil Nadu.
CA bans haircuts of Big Bash players among other new COVID-19 protocols.
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.
In a first for India, bullion derivatives contracts will be settled on a blockchain platform. This will help in global acceptance of gold refined by Indian bullion refineries, giving a fillip to the local industry, exports, as well as investments. From November 1, the National Stock Exchange (NSE) will accept gold delivery only on the blockchain platform.
A summary of Indian athletes' showing at the Paris Paralympics on Friday, September 6.
For easy and wide access, the government plans to market the bond through post offices and various brokers.
'The girls will do well, I hope we get one or two medals. It could be a silver or may be even a gold.'
Indian javelin thrower DP Manu, a rising star with his sights set on the Paris Olympics, has been provisionally suspended by the National Anti-Doping Agency (NADA) after a failed doping test.
Buying had been muted in the past few weeks.
Gold demand in India dropped by 30 per cent during the July-September quarter to 86.6 tonnes, compared to the same period last year due to Covid-19 related disruptions and ruling high prices, the World Gold Council (WGC) said in a report.
Silver also extended its rally for the eighth day.
The seizure occurred during raids at eight premises of a group engaged in sand mining in Tamil Nadu.
The national shooting federation NRAI chose current form over pedigree to pick the squad for the mega event and it will be hoping they hit the bullseye at the National Shooting Centre in Chateauroux.
Indian wrestler Vinesh Phogat had to settle for a bronze medal at the Asian Games four years ago but with experience and momentum on her side, she is hopeful of clinching a gold in Indonesia this month.
Silver also extended its losing streak for the seventh straight session and declined by Rs 350 to Rs 44,200 per kg.
India is the largest importer of gold after China.
They have sought data from these companies on loss absorption capacity in case of a fall in gold prices and higher defaults.
Indian overtakes China in gold consumption.
If CAS rules in Vinesh's favour, she will be awarded a joint-silver in the women's 50kg freestyle category.
The government has asked jewellers to provide information on purchases of gold bars or jewellery worth more than Rs 500,000 by the end of this month, a move seen keeping a check on big transactions amid rising smuggling.
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