For India to monetise gold, it is not the institutional depositor that policymakers must target but the average retail depositor.
Sluggish economy, high bullion prices and consumer shift towards cheaper gifting options such as electronic goods and mobiles have taken the sheen off gold
Official sources say that the finance ministry is aware of the possible spike in smuggling activity and has already asked intelligence agencies to tighten their vigilance and come down on the unofficial entry of gold into India.
40-50 tonnes of gold may have been smuggled into India in July-September; industry seeks duty cut
CBI officer V K Shukla, who is probing the death of Jharkhand Judge Uttam Anand, is among 15 officers of the agency awarded the 'Union Home Minister's Medal for Excellence in Investigation' for the year 2021, officials said Thursday.
Comedies are a difficult genre to pull off in today's day and age, thanks to the audiences' increasing exposure to diverse content and dwindling attention spans. Still, there are quite a few Tamil movies that can bring on the laughs. Arjun Menon lists the recent releases you can watch at home.
The 24-year-old from Tripura, who had finished fourth in vault event in the 2016 Rio Olympics, scored 14.150 to win gold. She had topped the qualification also with a score of 13.400.
Sales of gold in the form of jewellery, coins and bars have risen 20-25 per cent over last year's festive season on the back of discount offers.
Singaporean para-athlete Mohammad Khairi Bin Ishak has been barred from competing at the Gold Coast Commonwealth Games after failing a doping test prior to the multi-sports event beginning, the Singapore team said on Saturday.
Geopolitical climate and equity markets as supportive for gold's role as a risk hedge.
Men joined the gold quest through Gaurav Solanki (52kg) and Vikas Krishan (75kg) as the team rejoiced its best ever medal haul at the mega-event on Saturday.
For the second straight year, the gems and jewellery industry is set for almost a washout of business on Akshaya Tritiya as only about 10 per cent of pre-Covid sales of 2019 are expected on Friday amid the raging pandemic sapping footfalls and purchasing power of people.
A "flat-footed" athlete, P R Sreejesh had a specific aim in mind when he decided to become a hockey player: securing 60 marks in annual examinations without having to study.
President Murmu reached the new Parliament building in a six-horse buggy accompanied by the Presidential Bodyguards riding horses.
She was utter perfection in the high-shine standout piece.
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?
A year before Paris Olympics, Ukraine torn over whether to compete
India's hopes of redeeming some pride in the junior men's hockey World Cup remained only a dream as they lost 1-3 to Spain in the bronze medal playoff in Kuala Lumpur on Saturday.
India imported 769 tonnes of gold in 2014, down from 825 tonnes in 2013.
Russian pole vaulter Yelena Isinbayeva was elected to the International Olympic Committee (IOC) athletes' commission on Thursday, despite being barred from the Rio Games over doping allegations.
Both banks and jewelers sell coins and bars, but it is generally costlier to buy it from a bank
Going ahead, the likely implementation of the goods and services tax bill in July and how the monsoons play out will have a bearing on India's demand for gold and gold jewellery
The women's football competition at the Asian Games 2023, meanwhile, will kick off on September 21.
Here are some highlights -- in pictures -- from Day 2 of the events at Gold Coast...
Check out the gold medallists on Day 11 of the 2016 Olympic Games in Rio de Janeiro on Tuesday.
You can do so through physical gold (coins and bars), gold exchange-traded funds (ETFs), feeder funds and the e-series (popularly called, e-gold) launched by the National Spot Exchange.
Supply through recycling of used gold declined to around 10 tonnes in the second quarter of the current calendar year.
In domestic market, gold prices had peaked to Rs 39,011 per 10 grams in September and are now ruling at Rs 38,800 per 10 gram.
Providing relief to the economy from widening trade deficit on account of gold imports, the inward shipments of the metal slumped in December to 39 tonnes, Commerce Secretary Rajeev Kher said on Wednesday.
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.
Neymar shed tears of joy after delivering Brazil's first men's soccer gold medal with the winning penalty in a 5-4 shootout triumph over Germany after a thrilling final ended in a draw following extra-time on Saturday.
Max Whitlock ending the long wait for a champion by claiming victory in the floor exercise and pommel horse finals.
Images from the World Athletics Championships in Budapest on Saturday.
Analysts see steady long-term gains, say volatility to last for a short while.
The strong rowing contingent has not attracted much attention but they can significantly contribute to India's medals tally at the Games.
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'So far we have paid our salaries and pension in full because we had some reserve fund.' 'But we cannot afford to do so for more than another three months.'
The Archery Association of India (AAI) also have roped in two-time Italian World Cup winner Sergio Pagni, who is accompanying the compound team to the Turkey World Cup.
Banks cannot function as traders of commodities, including gold, RBI chief general manager (communication) Mumbai Alpana Killawala told PTI over phone when asked about the reason behind the policy.
Mumbai-based Clarity Gold Pvt Ltd on Monday said it had joined hands with Switzerland-based global mint company, Faude and Huguenin, to set up a 300-metric tonne gold minting plant in Jaipur with an investment of Rs 40 crore (Rs 400 million).
