The gold market has remained under pressure.
The recently approved government scheme provides both liquidity and returns.
The government on Wednesday increased the import tariff value on gold and silver to $408 per 10 gram and $520 per kg, respectively in line with global prices.
The unusual gift for a visiting foreign dignitary was presented to Mohammad during his first official visit to Islamabad.
'We are committed to achieving the targets we had outlined.'
Dealers expect prices to fall further, owing to an impending rate hike in the US
BSE proposes two models for making gold trading and investment transparent
Spot silver rose 0.3 per cent to $15.35 an ounce.
Seeking to restrict gold imports, the Reserve Bank on Friday said nominated banks and agencies will not be allowed to import the precious metal in excess of their entitlements in first or second lot under the 80:20 scheme.
In Zaveri Bazar, gold is being traded at Rs 26,920/10 gm
The country's gold jewellery exports climbed in August from the previous month on improving US demand.
The government on Tuesday slashed the import tariff value on gold and silver to $59 per 10 grams and $ 470 per kg respectively, following weak global cues.
The trials to short-list the wrestlers for the Asian Games will likely take place around July 20.
Geopolitical climate and equity markets as supportive for gold's role as a risk hedge.
India imported 967 tonnes of gold in 2014-15.
This may free up resources for productive or lending purposes.
Now, non-banking finance companies can give a loan up to 75 per cent of the gold value; the previous limit was 60 per cent.
As RBI curbs lending against gold, it's now harder to raise loans against the yellow metal.
The price of gold in India seems to have bottomed out.
On a year-to-date basis, gold prices have gained 23 per cent as the dollar weakened and as demand for the metal from central bankers rose.
While global uncertainty has led to a rise in prices in 2016, there is still a lot of doubt regarding its future.
India is crazy about gold jewellery. With the World Gold Council aggressively marketing social and religious functions as gold buying events, the demand has shot up in the recent years to record levels.
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.
As per a data released on Monday by the government, gold and silver imports during April jumped by 138 per cent to $7.5 billion against $3.1 billion in the year-ago period.
While the gold policy covers every aspect, from sourcing gold to trading and investing in it, experts assert that the policy is incomplete if mining of gold in India isn't promoted.
Gold imports tick up 10.47% to $2.42 billion in May.
Foreign exchange reserves moved up $771 million to $89.327 billion in the week ended September 26, 2003 when compared with $88.556 billion in the previous week, according to the weekly supplement released by the RBI on Saturday.
The reserves had touched an all-time high of $367.16 billion previously
Earlier this month, RBI had raised loan to value ratio to 75 per cent from 60 per cent earlier.
Central bank says it may bring more curbs.
Import in the first nine months of the current calendar year fell 20 per cent to 525 tonnes from 658 tonnes in the year-ago period.
Silver coins remained steady at Rs 52,000.
Snapping its two-day losing streak, gold prices on Wednesday rebounded by Rs 120 to Rs 28,420 per ten grams at the bullion market in New Delhi on revival of buying by jewellers to meet ongoing wedding season demand even as metal retreated overseas.
Gold plunged sharply to hit a three-month low.
Smuggled gold, which is selling sharply lower than the spot market price, is also responsible for discounts not ending. Some consumers are selling high amounts of gold.
Demand bounces back but uncertainty over GST rate for jewellery casts a shadow over future.
Imports in July 2012 were 65 tonnes, said a bullion analyst.
The precious metal has now lost Rs 280 in last three days.
October shipments to India, the world's No.2 gold consumer behind China, jumped to about 150 tonnes from less than 25 tonnes a year earlier and 143 tonnes in September, a finance ministry official said last week.
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Gold prices have eased off in recent months after the formation of a new government bringing in positive sentiment back to the stock market.
