touched a record high of Rs 16,800 per 10 gram in the bullion market on Wednesday amidst reports of massive gold buying by the Reserve Bank from the International Monetary Fund.Marketmen said the rising trend was boosted after reports that the precious metal in overseas markets reached an all-time high of USD 1,092.40 an ounce after the Reserve Bank of India bought 200 metric tons of gold from the...
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Gold touched a record high of Rs 16,800 per 10 gram in the bullion market on Wednesday amidst reports of massive gold buying by the Reserve Bank from the International Monetary Fund.Marketmen said the rising trend was boosted after reports that the precious metal in overseas markets reached an all-time high of USD 1,092.40 an ounce after the Reserve Bank of India bought 200 metric tons of gold from...
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State-owned lender UnionBank of India (UBI) has denied the tax department’s allegations thattransactions over Rs 10 lakh were not reported to the Financial IntelligenceUnit (FIU).“Cash transaction report has been sent regularlyto authorities concerned . Every single cash deposit above Rs 10 lakh has beenreported to the authorities concerned as per the prevalent regulations,”UBI CMD MV Nair told media...
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Gold prices today rose by Rs 55to Rs 16,230 per 10 gram in the bullion market here on heavybuying by stockists and investors in line with firming globalcues.Meanwhile, silver ready spurted by Rs 200 at Rs 27,550per kg and weekly-based delivery by Rs 140 to Rs 27,440 perkg.Marketmen said the yellow metal rose to near record levelin the domestic market as investors were seen shifting fundsfrom melting...
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Gold prices today surged by Rs200 and touched an all-time high of Rs 17,300 per 10 gram inthe bullion market here on frantic buying by jewellers for theongoing marriage season amid firming global trend.Meanwhile, silver coins also set a record by adding Rs400 to Rs 33,900 for buying and Rs 34,000 for selling of 100pieces.Marketmen said gold spurted on buying by stockists andjewellery fabricators, indulged...
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National Multi Commodity Exchange of India (NMCE), the first commodity exchange of the country, has started trading in gold guinea contract to reach to the masses. The commex has tied-up with Muthoot Group to set up multiple delivery centres.The commodity exchange, which has primarily dealt with agro commodities in the past, launched gold guinea at Kochi, which will give its bullion segment a huge...
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Firming global trend and weak domestic equities helped gold prices reach a new high at Rs 17,400 per 10 gram in New Delhi’s bullion market today.Marketmen said the bullion market drew support from reports that gold in international markets surged to an all-time high of 1,153.90 dollar an ounce.Besides, some investors were seen shifting from melting equity market to rising bullion for quick gains, boosting...
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Income-Tax Department sleuthson Monday questioned Union Bank of India chairman and managing director M V Nairover his bank reportedly accepting deposits of over Rs 991 crore from an allegedfrontman of former Jharkhand chief minister Madhu Koda who is facing charges ofmoney laundering.During the questioning here lasting more than threehours, the taxmen are understood to have asked Nair whether the government-runbank...
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MUMBAI:Income-Tax Department sleuths on Monday questioned Union Bank of India chairmanand managing director M V Nair over his bank reportedly accepting deposits ofover Rs 991 crore from an alleged frontman of former Jharkhand chief ministerMadhu Koda who is facing charges of money laundering.During thequestioning here lasting more than three hours, the taxmen are understood tohave asked Nair whether...
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in the bustling lanes of Zaveri Bazaar knew of the Balaji Group until Saturday when the income tax (I-T) department raided it.The company’s office, located on the third floor of an old building in Zaveri Bazaar, was raided for allegedly transferring former Jharkhand Chief Minister and Member of Parliament Madhu Koda’s funds amounting to Rs 1,500 crore through hawala (illegal transfer of money).Traders...
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