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PUSHPAK BULLIONS
Court orders issuance of letters seeking help from US, UAE for bank fraud probe on Pushpak BullionsA special CBI court has ordered judicial assistance from the US and UAE following an alleged Rs 83 crore bank fraud by Pushpak Bullions. Th...- ED attaches assets of firm owned by brother-in-law of Maharashtra CM Uddhav ThackerayIn a statement, the Enforcement Directorate said it has issued a provisional order under the Prevention of Money Laundering Act (PMLA) to a...
- Bullion dealer arrested for buying 285 kg gold post note banPushpak's account was already declared an NPA by the concerned bank.
- CBI books DGM, AGM of Union Bank of IndiaThe FIR has been registered against the then Deputy General Manager, Ashok Kumar Dhabhai, and the Assistant General Manager, K Shivashankar...
- Unseasonal rains, hailstorms affect rural demand for gold in wedding seasonFarmers and villagers are using their household gold to meet the wedding demand rather than buying fresh gold, jewellers say.
- Silver demand falls 75% in current fiscal; Traders blame poor monsoon and robust equity marketIndia imported about 4,000 tonnes of silver last year, spelling average monthly imports of about 330 kg per month.
- Gold futures hit Rs 27,035 on weak rupeeIt touched an intraday high of Rs 27,035 and a low of Rs 26,650. In the spot market, the yellow metal appreciated by Rs 300 to Rs 27,700 pe...
- Gold prices remain steady amid negative outlookAnalysts said the forecast of below-average monsoon would hit demand further in the rural areas for the yellow metal.
- Gold prices fall sharply as RBI allows seven more agencies to importThe June contract on MCX was trading at Rs 27,277 per 10 gm. Gold touched an intraday high of Rs 27,520 per 10 gm and a low of Rs 27,225.
- Gold futures recover after early decline, spot price dropsGold futures dropped in Tuesday morning trade to Rs 28,120 per 10 gm before recovering at mid-day to Rs 28,165 per 10 gm
- Gold declines on strong rupee, holds at 1-week record overseasA strong rupee pushed down gold prices in India even though it held at a one-week high in international markets.
- Gold edges up in spot, futures marketsGold gained on Friday in Indian futures and spot markets on steady demand.Spot gold edged up Rs 50 at Rs 29,900 per 10 gm.
- Gold futures, spot rates rise as jewellers restock inventoryGold is expected to be range-bound this week unless the Ukrainian crisis intensifies further, said Amit Sampat, director, Pushpak Bullions.
- Semi-purified gold bars may find a passage to IndiaRefining of impure gold may spawn a new line of business; jewellers may also look at setting up refineries to ensure a steady supply of the...
- Gold funds may be hit by RBI's curbs on imports for domestic useAt present, an AP could take delivery of gold from banks and fix the price within 11 calendar days during which it would sell the gold to f...
- Strong demand for Indian silver jewellery abroad; exports likely to go up by 35% in FY 2013The exports are likely to go up by 35% in FY 2013, says Rajiv Jain, chairman of the Gems and Jewellery Export Promotion Council (GJEPC).
- Investors turn bullish on silver; prices zoom by 18%"If positive sentiments remain, silver prices may go over Rs 1 lakh crossing last year’s Rs 75,000," said a bullion trader.
- Reliance Exchange launches 2 gold contractsThe first trade was punched in by bullion dealer Pushpak Bullion, which will supply gold on to the exchange platform
- Traders bet on further fall in silver this weekSilver may fall more this week due to a stronger dollar, but investors continue to buy in the hope the metal will rise over the long term.
- Fall in gold price may not favour jewellery buyersOver the past seven to ten days, gold in Mumbai has risen by Rs 813 per 10 grams past Rs 21,000 while silver jumped by over Rs 4,400 a kilo...
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