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New Delhi: The government is considering a proposal to make hallmarking of gold bullion mandatory and is also framing regulations for lab-grown diamonds as part of its efforts to protect consumers’ interest, Consumer Affairs Secretary Nidhi Khare said on Friday. Addressing a CII Gems and Jewellery conference here, she emphasized on the need to protect…
New Delhi: Gold is considered a safe haven for investors who rely more on traditional investment instrument. The yellow metal has typically experienced notable fluctuations with upward trend in price during the Diwali festival, as it is a time when many people in India purchase gold for its auspiciousness. The cultural significance of gold during…
New Delhi: As India’s foreign exchange reserves surpassed $700 billion, the share of gold in the country’s forex has also surged more than 209 per cent since 2018. India’s gold reserves stands at $65.76 billion (as on October 4), compared to $21.15 billion as on December 7, 2018, according to the Reserve Bank of India…
New Delhi: After the sharp reduction in import duty announced in the Union Budget, the revenues of organised gold jewellery retailers will increase 22-25 per cent this fiscal (year-on-year) — a solid 500-600 basis points (bps) more than the 17-19 per cent expected earlier, a report showed on Monday. The incremental growth will be driven…
New Delhi: Gold price rose on the Multi Commodity Exchange (MCX) on Wednesday. Gold futures, maturing on August 5, 2024, stood at Rs 68,814 per 10 grams on the MCX at 11.03. Against its previous closing of Rs 68,510, Gold opened at Rs 68,790 per 10 gms on Wednesday. Meanwhile, silver futures, maturing on September…