After a technology upgrade, the Multi Commodity Exchange of India (MCX) appears poised for an improvement in volumes. The premier commodity and forex exchange reported a loss of Rs 19.1 crore in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24). This was attributed to higher software charges payable under an extended service agreement with 63 moons technologies and a one-off cost towards core guaranteed funds (CGF).
It rose to 310 tonnes in the second quarter ended June.
Bullion may settle with limited upside potential
Chinese gold demand slid to a four-year low of 866 tonnes.
Veteran powerlifter Farman Basha clinched two silver medals at the Asia-Oceania World Para Powerlifting Open Championships in Pyeongtaek, South Korea on Thursday
American Athing Mu shook off the disappointment of her third-place finish at worlds to win the women's 800 metres in 1:54.97, holding off Britain's Keely Hodgkinson, who finished second in 1:55.19.
The scheme is yet to take off.
Gold deposited by households to gold savings accounts will be used for auctioning, replenishment of RBI's gold reserves.
Debutant teenager Saurabh Chaudhary clinched India's first shooting gold of the 18th Asian Games, fetching the top honours in the men's 10m air pistol event, in Palembang, on Tuesday.
Images from the UEFA Champions League matches played on Tuesday night.
The richest Hindu temple in the world could soon come to the rescue of Prime Minister Narendra Modi's plan to recycle tonnes of idle gold and cut economy-hurting imports.
Sanju Samson has never enjoyed the backing of the team management while Riyan Parag and Abhishek Sharma were ignored despite good showing with the bat in the Mushtaq Ali Trophy, the national T20 tournament.
Dream Girl 2's understanding of womanhood boils down to her boobs, sighs Sukanya Verma.
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
This season, franchises like the Lucknow Super Giants have revamped their kits while teams like the Chennai Super Kings and Punjab Kings XI were satisfied with minor modifications.
A downturn in Indian demand could hit global gold prices.
There was double joy for India at the Rio Paralympics on Saturday, as high jumpers Mariyappan Thangavelu and Varun Singh Bhati won gold and bronze. Thangavelu scripted history, becoming the first Indian para-athlete to win a gold medal in the men's high jump-T42 final, on Day 2 of the Games at the Olympic Stadium.
American Noah Lyles shot to 200 meters world championships gold on Tuesday, providing a bright finish to a day darkened by yet another doping scandal.
Gold retains gains, gain nearly 3 per cent in the past three sessions.
Bhagat now has 11 medals, including six gold, two silver and three bronze medals in the world championships. He has the distinction of reaching the finals in all the editions, barring the 2007 and 2017 World Championships.
Kohei Uchimura left it late -- very, very late -- before a heart-stopping horizontal bar routine lifted him into the pantheon of greats as he became the first gymnast in 44 years to win back-to-back Olympic all around titles on Wednesday.
At their medal ceremony, the players team sang the Russian anthem over the sound of the Olympic anthem at the Gangneung Hockey Centre despite being barred from having their flag raised or anthem played.
This Vikram Samvat year 2070, ending on Thursday, has proved the worst in 17 years in terms of return on investment in gold.
The 21-year-old from Maharashtra lifted a total of 248kg (113 snatch, 135 clean & jerk) to secure the medal.
Indian weightlifting had two contrasting medallists to celebrate on Day 2 of the Commonwealth Games, in Gold Coast, on Friday.
Sweden's Armand Duplantis broke his own pole vault world record with a jump of 6.21 metres on Sunday on the way to winning his first gold medal at the World Athletics Championships.
Only three or four tonnes is estimated to have been mobilised under the scheme.
A summary of sports events and persons who made news on Sunday.
The RBI on Wednesday eased gold import norms by allowing select trading houses, in addition to already permitted banks, to procure the precious metal to boost exports.
Gold prices hit a record high in India on Wednesday as global prices surged on war fears, bringing professional bullion trade in the country to a standstill and drawing queues of sellers at jewellery shops.
Either Sanjay Kumar Singh or 2010 CWG champion Anita Sheoran will become the next WFI President.
A rare 18th century decorated gun made in India for Mysore ruler Tipu Sultan, and valued at around GBP 2 million, has been barred from export to allow time for a UK-based institution to acquire it for the public study of a "fraught period" in India-UK history.
The overall gold demand during the second quarter of 2013 stood at 1,148 tonnes, the World Gold Council Q2 Demand Trends report said.
Australia's Sally Pearson completed one of the great sporting comebacks when she overcame two years of injury agony to win the world 100 metres hurdles title at the age of 30.
Arnie's back, Varun shape shifts while others fight the good fight and more on OTT this week.
Gold imports by India, the world's largest consumer, are expected to take a knock in the coming weeks due to a surge in global prices and the off-season at home.
The longest-serving Bharatiya Janata Party chief minister and popularly known as mama (maternal uncle) and 'paon-paon wale bhaiya' (foot soldier), Shivraj Singh Chouhan has emerged as the hero of his party's stunning victory in the state assembly elections.
Globally, jewellery buying fell 14%, investment slid 11%.
The iconinc Zaveri Bazaar in south Mumbai does business of around Rs 3 trillion a year.
