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Economic Survey: Opportune time for removal of gold import restrictions

27-02-2015| Source:PTI

Citing prevailing favourable factors boosting the country's overall trade performance, the Economic Survey on Friday said it is an "opportune time" to remove restrictions on gold imports.The robust

Forex reserves continue to jump, hit new high at $4.2 bn

27-02-2015| Source:PTI

the stagnant prices of the yellow metal, the country's gold reserves continued to remain unchanged at USD 20.183 billion for the reporting week.

MCX Goldpetal April contract trades lower


Goldpetal prices on MCX were trading lower on Friday. MCX Goldpetal April contract was trading at Rs 2655 down Rs 10, or 0.38 percent.

MCX Goldm April contract declines


Goldm prices on MCX were trading lower on Friday. MCX Goldm April contract was trading at Rs 26150 down Rs 84, or 0.32 percent.

Buy gold and sell crude: Navneet Damani  

27-02-2015| Source:CNBC-TV18

Watch the interview of Navneet Damani of Motilal Oswal Commodities Broker with Ekta Batra and Anuj Singhal on CNBC-TV18. He spoke about the current trend in commodities markets.

Expect gold, silver prices to trade sideways today: Angel


According to Angel Commodities, gold and silver prices are expected to trade sideways today as investors will be cautious ahead of Prelim GDP data release from the US tonight.

Five things you must know about investing in gold


Indians are into buying gold for centuries. However when it comes to investing in gold one may not be aware of options beyond jewellery and issues such as taxation, cost of investing associated

MCX Gold June contract slips


Gold prices on MCX were trading lower on Friday. MCX Gold June contract was trading at Rs 26389 down Rs 62, or 0.23 percent.

Gold set to snap 4-week losing run on US policy hopes

27-02-2015| Source:Reuters

Spot gold was up 0.2 percent at USD 1,210.60 an ounce by 0042 GMT, having touched a one-week high of USD 1,220 on Thursday. Bullion has gained 0.8 percent for the week.

MCX Goldguinea March contract gains


Goldguinea prices on MCX were trading higher on Thursday. MCX Goldguinea March contract was trading at Rs 21285 up Rs 115, or 0.54 percent.

Union Budget 2015: Commodity mkt participants expect positive action- Geofin


market which was already reeling under NSEL issues. Volumes have been affected severely since its introduction.BULLION India, the world’s largest consumer of gold, imports around 800-900 tonnes

Budget 2015: Commodity industry expects relief on CTT, says Ventura


this fiscal to beginning April 2014-January2015.Gold industry is expecting a drastic drop in import duties from 10% to 2% levels although there is no clear indication whether this would happen.Amendment of FCRA

Commerce Ministry seeks cut in gold import duty

26-02-2015| Source:PTI

The industry has sought reduction in customs duty on gold to two percent, from 10 percent now. The gems and jewellery sector, which employs about 35 lakh people, would get a boost from the move. Gold

MCX Goldm May contract trades higher


Goldm prices on MCX were trading higher on Thursday. MCX Goldm May contract was trading at Rs 26336 up Rs 100, or 0.38 percent.

Vaishnavi Gold standalone Dec '14 total income from operations at Rs 0.97 crore


Vaishnavi Gold has reported a standalone standalone total income from operations of Rs 0.97 crore and a net profit of Rs 0.01 crore for the quarter ended Dec '14

Gold steadies as US rate hike timing expectations ease

26-02-2015| Source:Reuters

Gold rose as much as 1 percent on Wednesday after Yellen indicated flexibility in raising US interest rates.

Union Budget 2015: Jewellers seek cut in gold import duty in Budget


Jewellers may be happy if the government cuts import duty on gold in Union Budget 2015. Any cut in import duty (currently at 10 percent) is likely to boost gold volume, reduce prices and minimise

Cut gold import duty, expand tax holiday, says Tara Jewels


Rajeev ShethTara JewelsThe government of India needs to be complimented for doing away with the 80: 20 rule which stipulated that 20 per cent of the gold imported had to be exported

MCX Goldm April contract gains


Goldm prices on MCX were trading higher on Wednesday. MCX Goldm April contract was trading at Rs 26231 up Rs 145, or 0.56 percent.

Gold rebounds on wedding season buying, global cues

25-02-2015| Source:PTI

Gold in Singapore, which normally set price trend on the domestic front, climbed 0.9 percent to USD 1,211.84 an ounce and silver by 2.1 percent to USD 16.64 an ounce. In the national capital, gold

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