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INDIA GOLD IMPORT SURGE
PM Modi urges Indians to avoid buying gold to curb trade deficit and support rupeePrime Minister Modi renewed his appeal for Indians to avoid buying gold unless necessary. This call aims to curb bullion demand and ease ec...- Titan Company, Sky Gold, other shares fall up to 6% on PM Modi’s second appeal to avoid goldJewellery stocks fell after Prime Minister Narendra Modi urged citizens to avoid non-essential gold purchases. The appeal, aimed at conserv...
- Unless necessary, do not buy gold, reiterates PM Modi on Instagram; jewellery stocks slidePrime Minister Narendra Modi has again urged Indians to avoid buying gold unless necessary, saying greater focus on local products and self...
- GRT Jewellers seeks control of Tribhovandas Bhimji Zaveri in up to $109 million dealGRT Jewellers will acquire a significant stake in Tribhovandas Bhimji Zaveri for over 10 billion rupees. This acquisition aims to expand GR...
- Govt likely discussing import duty cut on gold and silver as high tariffs ‘fail’ to curb importsThe government is discussing a possible cut in gold and silver import duties after the higher rates failed to reduce imports and instead co...
- Augmont Enterprises shares drop 2% after listing at 22% premium. Buy, sell or hold the stock?Augmont Enterprises made a strong stock market debut, listing at a 22% premium to its IPO price, but gains fell short of grey market expect...
- Augmont Enterprises shares debut at 22% premium over IPO priceThe Rs 825 crore IPO, priced at Rs 788 per share, comprised a fresh issue of 79 lakh shares worth Rs 620 crore and an offer for sale (OFS) ...
- India becomes key petrol supplier to Russia as refinery attacks biteIndia has become a key gasoline supplier to Russia recently. Russian fuel imports surged due to Ukrainian drone attacks on its refineries. ...
- Surging gold prices drive record margins despite mining costs rising 16% in Q1'26: World Gold CouncilGold producers achieved record margins and cash flows in early 2026. Rising royalty payments significantly increased mining costs during th...
- A 10% gold rally could create $400 billion in wealth for Indians. Jefferies names stocks set to benefitJefferies sees a 10% gold rally unlocking $20–25 billion in gold-backed loans and boosting household wealth by $400 billion, with Manappura...
- Gold, silver ETFs slide up to 2% on import duty cut expectationsExchange-traded funds for gold and silver experienced marked declines on Thursday, even as global precious metal prices held steady. Antici...
- Kundan Refinery Wins Two Awards at IGC Excellence Awards 2026, Marking a Decade of Continued RecognitionKundan Refinery achieved a remarkable milestone by winning two IGC Excellence Awards during the 2025-26 period, celebrating ten consecutive...
- CBIC hikes gold tariff value; check latest update on other key importsThe CBIC has kept tariff values unchanged for several imported goods. Crude palm oil and soybean oil values remain the same for importers. ...
- The business shift in India's ₹7 lakh crore market amid gold cost pressureIndian jewellery sales show resilience despite lower gold volumes. Consumers now buy lighter pieces and focus on value per gram. Organised ...
- Axis Bank bets on data centres to gold loans to outpace industry credit growthAxis Bank expects credit growth to exceed industry averages this fiscal year. Strong demand stems from corporate sectors and retail borrowe...
- Gold, Bitcoin or Stocks: Who’s winning the 2026 race for returns?Gold, Indian equities and bitcoin have delivered sharply different returns in 2026. Bitcoin has led the recent rally, gaining 27% over both...
- Gold gets its glitter back as Indian buyers return ahead of wedding and festive seasonIndia’s gold demand is recovering after June’s price correction, with jewellery purchases, imports and retailer stocking picking up ahead o...
- India's goods trade deficit hits 6-month high as imports rise amid Middle East conflictIn July, India's merchandise trade deficit climbed to $31.98 billion, the highest in six months, largely attributed to increasing oil and e...
- Gold regains momentum as weak dollar, safe haven demand and seasonal buying support pricesGold prices have surged sharply in August, supported by a weaker U.S. dollar, expectations of monetary easing, geopolitical tensions, and s...
- MMTC PAMP calls for better Gold Monetisation SchemeIndia needs to boost gold recycling to decrease reliance on imports. A more appealing gold monetization scheme could unlock significant hou...
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