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Gold sales down by 50 pc on Dhanteras day

Gold sales on Dhanteras -- the first day of the five-day Diwali festival -- are down by about 50 per cent despite lower price as sluggishGold prices are ruling at Rs 31,400 per 10 grams in the national capital, lower than Rs 32,485 on the last Dhanteras."There is a drastic fall in gold demand due to weak economy and inflation," All-India Gems and Jewellery Federation Chairman Haresh Soni said on F...
Source : Business Today |
Category : Business | City : New Delhi

RBI tightens norms for lending against gold jewellery

Seeking to keep demand of gold under check, the Reserve Bank of India has tightened norms for loans against pledge of gold jewellery....
Source : Times Of India |
Category : Business

India Gold imports fall sharply by 66% in 2013 14 smuggling soars

may be recalled that in 2013 China surpassed India to become the largest consumer of gold apart from being the largest producer of gold. As per government data, India imported 1013.92 tons of gold in 2012-13, and 11..: India's gold imports have fallen sharply in 2013-14 sharply by 66.1% to 670.41 tons following the increase in import duty to 10% for gold bars and jewellery to 15%, as per government...
Source : Commodity Online |
Category : Commodities

Gold loses sheen this quarter: 10 facts

India is the biggest consumer of gold. However, a drastic increase in the current account deficit – an amount in foreign currency India owes to the world – has led to the introduction of restrictions on import of gold. This has dragged down the total demand for gold in the quarter to September 2013, according to a report by the World Gold Council (WGC).1. Consumer demand for gold in India fell 32%...
Source : Yahoo Finance |
Category : Personal Finance

India Gold prices may drop to Rs 25000 on Rupee strength easing import curbs

Global markets witness continued weaknes in gold on US dollar strengh, improved outlook on US economy and easing of import restrictions on gold in India.India gold prices weakened considerably last week as Reserve Bank of India (RBI) eased restrictions on gold imports and Rupee strength added to the bearishnes in the yellow metal. At spot market gold bullion prices fell from Rs 28800 levels to Rs 28100...
Source : Commodity Online |
Category : Commodities

India cannot afford to invest in gold import: KC Chakrabarty

"Gold was an asset 2,000 years ago, when India was rich and contributing 30 per cent to world GDP. Our current account deficit is negative and how can we invest in importing gold: India cannot afford it," a release by IIM Bangalore quoting Chakrabarty said.Speaking at a panel discussion on Gold and its status in India - at IIMB, he said gold intoxication is prevalent only to India, and society as a...
Source : The Economic Times |
Category : Business

Indians at CWG: Lifters Sukhen, Sanjita win gold

» Indians at CWG: Lifters Sukhen, Sanjita win gold; rousing start to India's campaignIndians at CWG: Lifters Sukhen, Sanjita win gold; rousing start to India's campaignIndians at CWG: Lifters Sukhen, Sanjita win gold; rousing start to India's campaignukhen Dey and K Sanjita Chanu stole the limelight by clinching a gold each in weightlifting, as India launched their campaign in the 20th Commonwealth...
Source : Rediff |
Category : Headlines

Saina, Kashyap reach India GP Gold pre-quarters (Second lead)

advanced to the pre-quarterfinals of the $120,000 India Grand Prix Gold badminton tournament after...
Source : Webindia123 |
Category : Headlines

CWG: India’s Abhinav Bindra wins gold medal in 10m Air Rifle event

CWG: India’s Abhinav Bindra wins gold medal in 10m Air Rifle event...
Source : News Room Post |
Category : Others

Saina enters final of India GP Gold

India entered the womens singles final of the $120,000 India Grand Prix Gold at the Babu Banarasi Das Indoor Stadium...
Source : Webindia123 |
Category : Headlines
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