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KETAN SHROFF
Discounts fall as gold falls by about 4 per centAnalysts said the investors who booked profits in the recent rally are waiting for prices to dip further before they take a long position i...
MMTC-PAMP halts gold refining after proposition turns non-profitableGold in entering India through illegal route, no demand in market for gold, impure gold is imported from countries like Peru, Ghana and Tan...
Government may not alter gold import duty: Ketan Shroff, Penta GoldMCX polled spot price traded at a discount of almost Rs 400 to the front month futures contract (Rs 29,035) intraday Tuesday.
PM Narendra Modi draws bullion traders’ ire over ED heatWhat has irked the community is the fact that the notices are being served under the stringent Prevention of Money Laundering Act (PMLA).
Amid low spot demand, bullion traders opt to make delivery on MCXLow demand in the spot market has resulted in Rs 77.98 crore of gold being delivered on the exchange platform, according to a trade officia...
Weak rupee absorbs fall in international gold pricesGold fell ahead of Friday’s release of US non-farm payrolls data. The median estimate, according to Bloomberg, is for an addition of 225,00...
Gold demand may pick up in AprilBullion traders and jewellers in India are expecting gold sales to pick up next month with the onset of the wedding season.
Gold futures reflect hopes of import duty cut in BudgetThe February gold contract on commodity bourse MCX has been trading at a premium to the April contract ahead of its expiry on Thursday.
Gold slips 0.14% in noon tradeIndustry executives said the metal may see fresh demand if prices stay between Rs 25,500 and 26,500.
Gold slips on stronger rupeeSpokesman of Indian Bullion & Jewellers Association Ketan Shroff said lack of liquidity was crimping demand and consumers at retail level w...
Gold slips on weak global trendGold for February delivery traded 0.3% down at Rs 26,971 per 10 gm at mid-day on the Multi Commodities Exchange.
Gold prices fall below average rate since July 2014Domestic jewellers and bullion dealers have resorted to hedging on the commodity bourse MCX to guard against inventory loss.
Gold prices down while markets trade in positive territory“Many consumers are exchanging their old jewellery for new jewellery,” said Shroff, adding that jewellers and bullion dealers have resorted.
Traders deliver gold on MCX at a profitGold demand has fallen in recent times, according to leading jewellery companies, including Tanishq, because of high price volatility.
Traders fear fresh restrictions on gold imports after government withdraws 80:20 schemeSome traders believes that its prudent to exercise caution in importing gold because govt might make fresh restrictive measures to contain ...
Day traders raise bearish bets on goldOutstanding trader positions on active December contracts were 7,216 contracts in early noon on Thursday, up from 6,752 contracts on Wednes...
Gold offtake slows on MCX as buyers expect price to correct to Rs 25,000Gold was trading at Rs 26,639 per 10 gm on the MCX Wednesday, 20 basis points higher than the previous close.
Gold offtake slows as consumers expect price correction despite global uptrendGold was trading at Rs 26,639 per 10 grams on the MCX mid-day on Wednesday, 20 basis points higher than the previous close.
MCX may meet part of festive need for goldTheir forecast is based on a sharp jump in warehouse stock position of gold on MCX from 59 kilos on Saturday to 594 kilos on Monday. The MC...
- Traders sell gold as prices hit a record
On an average, traders sold 10 kg of gold against 1 kg of buying, market watchers said.