Demand for investment instruments is expected to be more than jewellery.
The Enforcement Directorate (ED) on Wednesday searched locations in Karnataka, including educational institutions linked to state Home Minister G Parameshwara, as part of a probe into alleged gold smuggling-linked money laundering case against Kannada actor Ranya Rao and others. The ED sources said an educational trust is suspected to have "diverted" funds and made a payment of Rs 40 lakh towards the credit card bill of Rao, allegedly on the instructions of an influential individual. The sources claimed the trust is linked to Parameshwara and the "influential" individual is a politically exposed person. The searches found there were no supporting vouchers or documentation to "substantiate" this payment (for credit card bill payment), they said.
The US retaliatory tariffs are a major setback for the Indian gems and jewellery exports, apex industry body GJEPC said on Thursday as it urged the government to take steps to secure the long-term interest of the sector. The US has announced 27 per cent reciprocal tariffs on India saying New Delhi imposes high import duties on American goods, as the Donald Trump administration aims to reduce US' trade deficit and boost manufacturing.
Paris Paralympic gold medallist Praveen Kumar had to settle for bronze in the men's T64 high jump at the Asian Para Games after clearing a season's best 2.00 metres.
Kannada actress Harshavardhini Ranya, accused in a gold smuggling case, has alleged that DRI officials assaulted her and forced her to sign blank and typed papers. She claims she was wrongly accused of carrying over 14 kg of gold upon her return from Dubai and was physically abused while in detention. Ranya also alleges that officials threatened to expose her father's identity if she refused to sign fabricated statements.
Duplantis first broke the world record in February 2020, when he cleared 6.17 metres to eclipse France's Renaud Lavillenie. Since then, he's been inching it higher.
The trigger for international gold prices rising to $3,000 per ounce was Germany's upcoming heavy government borrowing.
Left-arm spinners, all-rounders, and pacers who mastered their craft and left a mark in Test cricket.
India's gold and silver imports from its free trade agreement (FTA) partner UAE have skyrocketed 210 per cent to $10.7 billion in 2023-24 and there is a need to potentially revise the concessional customs duty rates under the pact to mitigate the arbitrage driving this surge, a report said on Monday. Economic think tank Global Trade Research Initiative (GTRI) said this sharp rise in gold and silver imports is primarily driven by import duty concessions granted by India to the UAE under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
India's Sarvesh Kushare finished a creditable sixth as he cleared 2.28m -- his personal best in the men's high jump at the World Athletics Championships in Tokyo on Tuesday.
Gold demand in India witnessed a 5 per cent on-year rise at 802.8 tonnes in 2024 supported by reduction in import duty, and purchases related to weddings and festivals, and going ahead consumption of the yellow metal in 2025 is likely to be between 700-800 tonnes, according to the the World Gold Council. The World Gold Council (WGC) in a report on Wednesday said gold demand in the country in 2024 stood at 802.8 tonnes, as against 761 tonnes in 2023.
Washington Sundar enhanced his reputation as a T20 hitter with India batting in top gear through the innings to comfortably chase down a target of 187 for a series levelling five-wicket win over Australia.
Indian weightlifter Koyel Bar etched her name in history by setting two new youth world records en route to winning both the youth and junior titles in the women's 53kg event at the Commonwealth Championships in Ahmedabad on Tuesday.
The Central Board of Indirect Taxes and Customs (CBIC) has stepped up its watch on the import of unbranded gold jewellery amid a spurt in seizures on international borders and from importers. During FY24, the CBIC and Directorate of Revenue Intelligence (DRI) jointly seized about 5 tonnes of gold, 30 per cent more than what they did in FY23. In FY23, 3.5 tonnes of gold was confiscated.
While Mane was consistent throughout the final and rarely let the lead slip from his grasp, Rudranksh's shooting during the elimination round caught the eye.
The Enforcement Directorate on Thursday continued its searches at places linked to Karnataka Home Minister G Parameshwara as part of the probe into alleged gold smuggling-linked money laundering case against Kannada actress Ranya Rao and others, official sources said.
Srihari Nataraj led the charge for swimming powerhouse Karnataka with his fifth gold at the National Games.
Second-half strikes from Mikel Idiakez and Joby Justin fired debutants Diamond Harbour FC to a 2-1 win over East Bengal on Wednesday, sealing a spot in the 134th Durand Cup final against NorthEast United FC.
The gold and currency had arrived on an Air Canada flight from Zurich, Switzerland, to Pearson International Airport in Toronto.
'If you invest in sovereign gold bond, you are going to get the price rise of gold over an eight year period.' 'You're also going to get that two-and-a-half percent which the Government of India is willing to give you, treating the money that you've invested in the sovereign gold bond as a kind of a FD or a deposit.' 'That kind of return you can never get anywhere else.'
Karnataka's 14-year-old swimming sensation Dhinidhi Desinghu won her fourth gold medal, even as weightlifters continued to impress with Manipur's Bindyarani Devi smashing a National record, on a day when the tiny northeastern state rose to the top of medal tally at the National Games on Friday.
India's craft chocolate makers are changing the market by using local cacao, creating bold new flavours, making chocolate both a luxury and a story.
India's gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in demand. India's gold demand in value terms rose 20 per cent on an annual basis to Rs 75,470 crore during the January-March period of this year on volume growth as well as a rise in quarterly average prices by 11 per cent.
Coolie is expected to be an unabashed celebration of the larger-than-life ethos of Rajinikanth, predicts Arjun Menon.
From drone-lit skies and gemstone rangolis to fragrance journeys and theatrical thalis, India's new-age festive events blend heritage with high-tech spectacle to create memories that feel both intimate and unforgettable.
Months after a dress-code controversy involving five-time world champion Magnus Carlsen, the International Chess Federation (FIDE) announced a new dress code for the FIDE Grand Swiss and FIDE Women's Grand Swiss.
Gold prices have been on an uptrend in the last few months, rising nearly 28 per cent to $2387 per ounce now. This rise in gold price, according to Christopher Wood, global head of equity strategy at Jefferies, is attributed to the demand from China amid lack of investor euphoria as regards the yellow metal. "Recent developments show a distinct lack of investor euphoria as regards gold, the question remains what is driving the current rally.
Kannada actress Ranya Rao's frequent trips to Dubai have come under intense scrutiny following her arrest for allegedly smuggling gold into India.
While Nishaanchi is not a homerun for Kashyap, there's enough joy in this audience pleaser, notes Mayur Sanap.
Michael Phelps has launched a scathing attack on USA Swimming's leadership, with the 23-times Olympic gold medallist branding the body weak and demanding sweeping reforms
India had fielded a 19-member strong contingent in the prestigious boxing tournament, that attracted talented boxers from powerhouses like China, Kazakhstan, Uzbekistan, South Korea, and host Thailand.
Leading FMCG companies have announced a price cut on their products, including soaps, shampoo, baby diapers, toothpaste, razors, and after-shave lotions, effective from September 22 to extend the GST rate cut benefits to consumers. Firms such as Procter & Gamble, Emami and HUL have come up with new price lists which have been communicated to their respective distributors and consumers through their respective websites.
Simone Biles clinched her sixth Olympic gold medal in front of an ecstatic crowd at the Paris Games on Thursday.
Australian Nicola Olyslagers took silver and Ukraine's Iryna Gerashchenko and Australian Eleanor Patterson shared the bronze.
Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue.
Praveen Kumar smashed the Asian record with a best jump of 2.08m to win the gold medal at the Paralympics.
New Zealand's Hamish Kerr won gold in the men's Olympic high jump on Saturday with a best effort of 2.36 metres after a long and gruelling final, securing his country's first medal in the event.
The Reserve Bank of India (RBI) on Monday directed banks and non-banking financial companies (NBFCs) offering gold loans to thoroughly review their policies, processes, and practices to identify any gaps. The central bank also told them to closely monitoring their gold loan portfolios amid significant growth observed in this segment vis--vis some lenders. Additionally, the RBI, through a circular, instructed these lenders to ensure adequate controls over outsourced activities and third-party service providers.
Daiki Hashimoto turned heartache into unimaginable joy as he overcame a fall from the pommel horse to power Japan to the gold medal.
