Going ahead, the likely implementation of the goods and services tax bill in July and how the monsoons play out will have a bearing on India's demand for gold and gold jewellery
Gold demand in India -- one of most avid purchasers -- is interwoven with culture, tradition, the desire for beauty and the desire for financial protection.
Take a look at the releases and vote!
According to jewellers and MMTC-PAMP India, gold demand has picked up in the wake of good monsoon and favourable price levels. There was positive response and more footfalls.
The overall third quarter demand in the country for 2013 stood at 161.6 tonnes, WGC Gold Demand Trends report showed.
The government has retained 10% duty on import of the yellow metal.
The World Gold Council, which represents the mining industry, puts India's demand between 850 and 950 tonnes in 2014.
Supply through recycling of used gold declined to around 10 tonnes in the second quarter of the current calendar year.
Globally, jewellery buying fell 14%, investment slid 11%.
India has 20,000 tonnes of idle gold; gold is an important aspect of women empowerment: PM.
India's biggest jewellers' association has asked members to stop selling gold bars and coins.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
If politics in Tamil Nadu, under Chief Minister J Jayalalithaa, can be compared to a complex game of chess, then she is undoubtedly the all-powerful queen while her ministers are mere pawns. If it is compared to a game of rummy, then she is the ace of cards and her ministers are simply a pack of jokers.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances