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SUDHEESH NAMBIATH
Import duty on gold hiked to 12.5% in Budget 2019Budget 2019 has proposed to hike the import duty by 2.5 per cent.- Gold futures trade at a discount to spot ratesThe futures closed at Rs 175/10 gm discount to the spot rate polled by MCX on Monday.
- Niti Aayog panel to help revamp gold marketIt will also examine the duty structure on gold, currently at 10 per cent, and suggest changes.
- 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’s physically challenged: Bonds, no barIndia’s total bar and coin demand at 194.6 tonnes in 2015 accounted for a little over a fifth of the total demand, the rest of it being jew...
- Demonetisation: Hoarders used gold to convert cash?Gold imports rose after recall move, fell after cap on note exchange: Report.
- Gold demand may pick up in second half of 2016, say expertsAnnouncement of excise duty and strike lead to destocking at jewellers' end and unanticipated increase in price of gold in early 2016 pushe...
- Global demand for gold will continue to remain strong, and price higher: ExpertsGold is expected to remain above $1270 per ounce, while silver will continue to remain above $17 per ounce in London market.
- Some bullion traders misusing government schemeThe exporter first gains by being able to source gold locally at a discount for export of medallions or jewellery from an SEZ or EOU.
- 8% price rise in gold prices further crimps consumer demandThe 8 per cent sudden rise in gold price from the year's low a month ago to Rs 26,895 per 10 gm on Wednesday has crimped consumer demand.
- 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.
- MCX gold delivery attains year's high as supply easesRBI's policy of re-allowing premier trading houses to import gold in addition to banks has driven up deliveries on MCX to a yearly high of ...
- 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 ...
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