Silver also turned weak and dropped by Rs 350 to Rs 41,200 per kg on reduced offtake by industrial units and coin makers.
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An alert has been issued by the Directorate of Revenue Intelligence, lead agency to check smuggling and customs duty evasion, to all international transit points across the country, official sources said.
What makes temple jewellery so special?
Dhanteras' buying seemed to have been sparked by the belief that prices would remain firm
In an outbreak of communal violence, 25 houses were torched and as many ransacked in three villages of Howrah district on Monday after which curfew was clamped in the riot-torn areas. Superintendent of Police Niraj K Singh said trouble erupted on Sunday night when a person went to a jewellery shop owned by Ashis Parui and told him to mortgage some gold ornaments.
Irrespective of the global movement, gold prices in India are nearing the level of Rs 34,000 per 10 grams in the physical markets.
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Invest with a 5 to 7 year horizon so that you are able to ride out price volatility and benefit from the long-term trends of demand and macroeconomic shifts.
A downturn in Indian demand could hit global gold prices.
Dimple Yadav, Samajwadi Party leader and its candidate in the Mainpuri Lok Sabha bypoll, has declared movable and immovable assets worth over Rs 14 crore.
The exercise which began on June 27 to assess the value of the articles has been undertaken by a seven-member panel of observers, including two former High Court judges. It will continue on Monday after a day's breather.
The investigation agency said during the custody, Suresh had disclosed that she had kept proceeds of the crime at the bank lockers and invested as deposits in various banks.
With Rs 5.5 crores and counting, Mumbai's favourite Lord Ganesha, Lalbaugcha Raja, has turned richer this year.
From Ivanka Trump to Deepika Padukone, everyone loved Rohit Bal's magnificent creations.
Precious ornaments are estimated to become 3% costlier under GST
'The CM kept his cool, but his adviser was liberal with filthy language.' Tamal Bandyopadhyay recreates the diary of a general manager in a public sector bank, providing a glimpse of how they balance their work and life.
In a princely offering, Telangana Chief Minister K Chandrasekhar Rao on Wednesday donated gold ornaments worth around Rs 5 crore to the famous hill shrine of Lord Venkateswara in Tirumala for fulfilling the vows he had made for realisation of separate Telangana.
A national Investigation Agency court on Wednesday permitted the Crime Branch to list alleged LeT operative T Nazir, prime accused in the 2008 Bengaluru serial blasts case, for being involved in a jewellery heist in Ernakulam district in June 2002.
India imported 769 tonnes of gold in 2014, down from 825 tonnes in 2013.
Kurumbur in gold-loving Tamil Nadu was once a thriving centre for goldsmiths. Today their number is down to two.
Each of Navratri's nine days has their own colour and the hue associated with Day 1 is yellow.
'India has about 22,000 tonnes of private gold, held by individuals and temples.' 'Much of this is locked up in safes and vaults as a dead investment. If we can put the vast reserves of gold to use, it would boost the economy,' says V P Nandakumar, executive chairman, Manappuram Finance, India's first listed gold loan company.
The ornaments for the Ram Lalla idol consecrated at the grand Ayodhya temple have been prepared after an extensive research and study of texts such as the Adhyatma Ramayana, Valmiki Ramayana, Ramcharitmanas and the Alavandar Stotram, according to the temple trust.
The recent sensational triple murder of a family in Bengaluru has been solved with the arrest of three persons and recovery of Rs 2.5 lakh worth gold ornaments, Rs 11,500 in cash and four mobiles from them.
As per the offer 'Ilish Khao, Sona Pao', customers who buy Hilsa fish worth Rs 500 from some designated fish vendors would get a rebate of Rs 50 on making charges of gold ornaments. The shop had earlier offered free Hilsa to every customer buying jewellery worth above Rs 5,000.
Huge gold imports have put pressure on the country's CAD, which in turn is affecting the value of rupee.
The thief -- identified as Prabhat Tripathi -- managed to escape with Rs 7 lakh in cash and gold ornaments worth Rs 30 lakh.
Why millennials are choosing silver over gold this Valentine's Day.
Forecasts of a further rise in bullion prices keep Indians away from selling gold.
In the past two years, investors in gold have lost money.
The Chhattisgarh police have arrested two persons and recovered around 18.5 kg of gold and diamond ornaments in connection with a burglary of jewellery worth over Rs 20 crore from a store in New Delhi earlier this week, a senior official said on Friday.
Stories are legion about the Karatmeter's use at that time. Hundreds of people standing in queue for testing, customers breaking down after discovering the actual purity of their jewellery and then becoming irate about the jeweller who had gypped them, the local jewellery industry leaning heavily on the Tanishq franchisees to desist from using it, some jewellers even threatening violent action.
The owner of the flat had gone out of the town for two days and had left the house under the responsibilty of the\nmaid servant, police added.
Finance Minister must be hoping that Indians get over gold-addiction.
Some antique jewellery is displayed in a couple of museums in the world.
The short-term risk to our external balances stems from the yellow metal.
Sebi will e-auction next month, 48 jewellery and ornaments of gold (3.21 kg) of Sai Prasad group
