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GFMS THOMSON REUTERS
Niti Aayog panel to help revamp gold marketIt will also examine the duty structure on gold, currently at 10 per cent, and suggest changes.- Demonetisation led to decline in silver bar demand: surveyThe introduction of an excise duty on gold in India also had a spillover effect on silver demand.
- From June, only BIS accredited refiners can import raw goldIndia on average imports 750-800 tonnes of gold. This includes refined bars and dore gold.
- Gold, silver prices trade lower on subdued demandThe yellow metal was trading 0.28 per cent, or Rs 79, down at Rs 27,699 per 10 gm, while the white metal was down by 0.31 per cent, or Rs 1...
- Gold trades flat in early trade, silver surges nearly 1%On the Multi Commodity Exchange (MCX), the yellow metal was quoting nearly 0.09 per cent, or Rs 26, higher at Rs 27,596 per 10 gm around 10...
- Demonetisation: Hoarders used gold to convert cash?Gold imports rose after recall move, fell after cap on note exchange: Report.
- Jump in gold imports not unusual, says World Gold Council officialSomasundaram said January and February witnessed lower than usual imports as stakeholders anticipated a cut in import duty of gold in the B...
- India second largest importer of swiss goldIndustry sources say that the quantum of gold imports from Switzerland has increased to around 60% in 2013 and 2014 from an average 45-50% ...
- Switzerland accounts for 60% of India’s gold importsIndustry sources say that the quantum of gold imports from Switzerland has increased to around 60% in 2013 and 2014 from an average 45%-50%...
- India overtakes China as world's leading gold consumer: GFMSIndian jewellery demand rose 14 per cent last year to a record 690 tonnes, putting it back ahead of China as the world's number one jewelle...
- Gold slips below Rs 26,000 per 10 gramThe fall of the front-month gold contract to below Rs 26,000 resulted in a marginal increase in demand for the wedding season.
- Gold trading flat, reflecting overseas trendOn Monday, a day before Dhanteras, feedback from jewellers and bullion dealers across the country on consumer demand was mixed.
- Gold premiums widen as jewellers stock up in anticipation of festival demandHowever, gold rose by 1 per cent to $1,289.06 an ounce as investors assessed the geopolitical impact of tensions in the Middle East and Ukr...
- Gold futures drop on lacklustre overseas tradeEasing tensions in the Middle East and Ukraine have pulled down the metal from a three-week high of $1,322.76 on Friday.
- Weak rupee cushions sharp fall in international gold pricesThe fall in the rupee against the US dollar has cushioned in the domestic market the sharp slide seen in international gold prices in recen...
- Spot gold price moves up, suggesting marginal demand pickupDemand for gold normally remains tepid in June-July and starts picking up slightly thereafter with the onset of the marriage season in the ...
- Gold purchases to resume with mid-Aug festival demandThe government last year raised the import duty in phases, among other things, to reduce the strain on the current account deficit and the ...
- Gold trades nearly flat on dull demandThe price of overseas gold has risen recently because of escalating violence in Iraq, a weak dollar and US economic growth in the quarter e...
- Gold climbs on weak rupee; up by Rs 70 per 10 gramGold was up Rs 70 per 10 gm at Rs 27,820 at 5.40pm. Analysts said it is expected to stay above Rs 27,000 until the government presents the ...
- Gold price seen averaging $1,770 in Q4: GFMSThe price of gold is expected to average $1,770 per ounce in the fourth quarter, Thomson Reuters GFMS said on Wednesday.
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