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The Gem and Jewellery Export Promotion Council has engaged UK-based Trend Forecasting for trend analysis focussing on the global market. \n\n
After demonetisation, demand jumped as many people with unaccounted money bought the yellow metal.
Silver, however, recovered by Rs 50 to Rs 36,800 per kg
'It really doesn't matter that investors getting allotments sell their IPO stock holdings on listing day because a new set of investors are entering.' 'This explains the continued rise in stock prices even after the first day of listing.'
The charges against the diamond merchant centre around his firms Diamonds R Us, Solar Exports and Stellar Diamonds making fraudulent use of a credit facility offered by the Punjab National Bank, known as 'letters of undertaking'.
Power, realty, FMCG, consumer durables, metal, infrastructure, PSU and oil and gas and banking stocks emerged front-runners on sustained buying by participants.
The overall third quarter demand in the country for 2013 stood at 161.6 tonnes, WGC Gold Demand Trends report showed.
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.
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Fashion designer Neeta Lulla and jewellery designer Varuna D Jani presented wedding trends for 2013 through a lavish wedding fashion show called Shehnaai 2013 in Mumbai.
A sightholder is a company on the Diamond Trading Company's list of authorised bulk purchasers of rough diamonds.
WGC will conduct nearly 30 workshops across the Indian cities as a prelude to Au DITIONS, a competition for gold jewellery designers. Au DITION is aimed at identifying three trend-setting designers, whose works will be showcased worldwide.
Malaika Arora Khan wowed the audience as she walked for designer Mandira Wirk, and Aditi Rao Hydari looked stunning in a Shruti Sancheti outfit.
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While the import of gold fell by about 11 per cent to $2.58 billion in February as against $2.89 billion in the corresponding month last fiscal, inward shipments of petroleum products were down by nearly 8 per cent to $9.37 billion.
Globally, gold added 0.4 per cent to $1,228.65 an ounce in Singapore.
India's jewellery consumption in Sept quarter increases 5% to 193 tonnes.
Gold prices dipped below the 29K mark to a three-week low of Rs 28,840 per 10 gm, down by Rs 475, in the national capital today on continued selling by stockists sparked by a weakening global trend amid drying up demand.
Gold in Singapore, which normally sets price trend on the domestic front, fell by 0.9 per cent to $1,327.94 an ounce and silver by 1.6 per cent to $20.61 an ounce.
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Silver also dropped Rs 560 to Rs 36,440 per kg.
While gold spurted by Rs 220 to Rs 30,520 per 10 grams, silver shot up by Rs 1,000 to Rs 54,000 per kg on increased offtake by jewellers and industrial units.
Gold rose by Rs 190 to Rs 31,350 per ten grams in the national capital on Thursday as stockists and retailers remained net buyers of the precious metal for the marriage season amid a firming global trend.
Gold in global markets, which normally sets the price trend on the domestic front, recorded a sharp gain of USD 17.50 to USD 1,738.40 an ounce and silver rose by 2.45 per cent to USD 34.27 an ounce in New York last evening.
Traders said increased buying by stockists and retailers mainly kept gold prices remain higher for the third day.
Gold prices spurted to set a new closing peak at Rs 9,200 per 10 gram on the bullion market on Tuesday on aggressive buying by stockists and jewellery fabricators triggered by surging overseas trend.
Silver prices also jumped by Rs 500 to Rs 45,000 per kg on increased offtake by jewellery fabricators and industrial units.
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These fashion lovers upped the style quotient at Day Three of the Lakme Fashion Week Summer/Resort.
Silver also dived by Rs 600 to Rs 40,600 per kg.
Here's a look at the Chivas Studio fashion shows held in Mumbai over the weekend -- and the first style trends for this year!
New gold schemes may perform better than previous plans: UBS.
Supply through recycling of used gold declined to around 10 tonnes in the second quarter of the current calendar year.
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Silver also shot up by Rs 400 to Rs 34,400 per kg.
52 per cent of shoppers surveyed said they prefer to shop online.
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In Mumbai, gold of 99.9 and 99.5 per cent purity rebounded by Rs 170 and Rs 190 to Rs 30,650 and Rs 30,520 per ten grams, respectively. Silver jumped by Rs 1,050 to Rs 46,800 per kg.
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