Forex reserves include a country's gold holdings and convertible foreign currencies held in its banks, including special drawing rights and exchange reserve balances, with the International Monetary Fund.
A bill to allow the private sector to mine six atomic minerals, including lithium, and deep-seated minerals like gold and silver was approved by the Lok Sabha on Friday.
'Try to obtain a secured personal loan or credit card by offering some collateral, such as a fixed deposit or gold.' 'Not only will this improve your eligibility, but the lender may even offer a lower interest rate.'
India's exports in April jumped nearly three-fold to USD 30.63 billion from USD 10.36 billion in the same month last year, according to government data released on Friday.
From its March 2020 low, Bitcoin has gained a massive 474 per cent and has surged 214 per cent year-to-date.
Despite returns from gold down over 5% in the past three months, it is a good idea to keep this asset class in your portfolio.
Terming the Tokyo Olympics as 'different from the normal Games', FIH CEO Thierry Weil said a team can still keep on playing even when multiple cases are reported within the group.
Gold schemes are offering attractive returns to investors.
The Delhi Police had on June 15 filed a report before the court seeking cancellation of the case by the minor wrestler.
This is good news for the central government at a time when crude oil prices are rising.
India is among the top 10 nations in terms of foreign exchange reserves.
'We are committed to achieving the targets we had outlined.'
Finance Minister Arun Jaitley's decision to cut arbitrage may ensure that the standards of purity of the refined gold in the Indian market meet the global benchmark
Meanwhile, retail jewellery sales in India have declined by 50 per cent since gold price started its uptrend nearly two weeks. Buyers deferred their fresh purchase amid expectations of a correction in gold prices from the current high level.
According to data released by the Reserve Bank of India on Friday, foreign currency assets dropped by $4.54 billion to $238.30 billion during the week. Gold and special drawings rights have remained unchanged in the reserve. During the week, the reserve position in the International Monetary Fund dropped by $15 million to $828 million.
India (NRIs included) goes crazy about gold jewellery.
'Gold could return 10% to 12% in the next two-three years.'
The fall in reserves was due to a sharp fall in foreign currency assets.
The US Federal Reserve's decision to continue bond-buying has lifted investor sentiment for gold and silver.
In the swap auction conducted on April 23, the Reserve Bank had received bids worth $ 18.65 billion against $ 5 billion on offer.
The bill on October 2013 was $1.01 billion for 38 tonnes.
Something is cooking in online food delivery. After 15 years of grappling with the demands of the business - read cash burn - Gurugram-based Zomato reported its first profit in the first quarter of 2023-24 (FY24). Not satiated, it reported a profit in the following quarter as well: Of Rs 36 crore in the second quarter compared to Rs 2 crore in the first. A year ago, in the second quarter of FY23, it had reported a loss of Rs 251 crore.
Jewellery stores remained deserted as buyers deferred their non-essential purchases awaiting softness in gold prices.
Analysts say investors should increase their exposure to gold up to 10% of their portfolio, depending on their comfort with a 2-year horizon. But avoid investing in physical gold or deposit schemes run by jewellers
The new norms come into force with immediate effect.
Both the government as well as the RBI took a series of steps to curb imports of gold and other non-essential items in addition to increase foreign exchange inflows.
In order to contain current account deficit, the Reserve Bank last month imposed restrictions on gold imports by banks and other authorised agencies.
NMDC reported a strong standalone revenue at Rs 5,410 crore, rising 45 per cent year-on-year (Y-o-Y) and 35 per cent quarter-on-quarter (Q-o-q) in line with consensus. Iron ore sales at about 11.4 million tonnes (MT) grew 18.9 per cent Y-o-Y (19 per cent Q-o-Q). Realisation stood at Rs 4,679 per tonne, higher by 22 per cent Y-o-Y (12.9 per cent Q-o-Q).
Imports dwindle in July on RBI gold swap deal possibility, apart from monsoon dullness and this being an off-season for demand.
The trials to short-list the wrestlers for the Asian Games will likely take place around July 20.
'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.
President Murmu reached the new Parliament building in a six-horse buggy accompanied by the Presidential Bodyguards riding horses.
The reserves had touched a life-time high of $426.028 billion in the week to April 13, 2018.
Spot gold was bid up at $1268.30 in early European trading and silver also moved up at $17.42 an ounce.
The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.
Foreign Portfolio Investors (FPIs) selling spree continued as they dumped Indian equity worth over Rs 5,800 crore this month so far on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
Given the uncertainties around gold's future course, stagger your purchases and buy on declines, says Sanjay Kumar Singh.
At the heart of Paytm's slide lies the abject failure of its Super App strategy, notes Indrajit Gupta.
Gold is seen as a preferred asset for all types of investors, even central banks.
Veterans recall they haven't seen gold falling for 3 years in a row.
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