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It seems like many investors were finally compelled to acknowledge the drawbacks of physical gold and give up their inefficient preference for holding it, said Himanshu Srivastava, associate director, Morningstar India.
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In the international market, both gold and silver were trading marginally lower at USD 1,867 per ounce and USD 27.88 per ounce, respectively.
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In the international market, gold was trading in the green at USD 1,869 per ounce, while silver was trading flat at USD 28.48 per ounce.
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The surge in gold imports pushed India's trade deficit to $15.1 billion in April 2021 as against $6.76 billion a year ago.
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Usually, 30-40 tonne gold is sold on the auspicious occasion of Akshaya Tritiya. However, this time sales are not likely to reach even 1 tonne.
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In the previous trade, the precious metal had closed at Rs 47,273 per 10 gram.
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Ramagundam police arrested one of the gang members, Adesh Sharma, from Hasnpur, Hurja taluq, Badam district of Uttar Pradesh
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Total jewellery demand during Q1 2021 was up by 39 per cent at 102.5 tonnes as compared to 73.9 tonnes in Q1 2020. The value of jewellery demand was Rs 43,100 crores, registering a rise of 58 per cent from Rs 27,230 crore in Q1 2020.
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In the international market, gold was quoting lower at USD 1,769 per ounce and silver was flat at USD 26.02 per ounce.
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The Indian rupee slumped 52 paise to 74.87 against the US dollar in opening trade on Monday.
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Silver imports during the last fiscal, however, dipped by 71 per cent to about USD 791 million.
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Ever stumble upon something valuable? It’s an incredible feeling. Here is a real one. In 2019, a man took his dog, Lucky, for a walk somewhere outside the city of Bendigo, about two hours north of Melbourne, Australia. His two daughters joined him (and it’s a good thing they did). One of his daughters kicked […]
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The arrested were identified as Roshan Kumar Singh (21), a gift shop owner, and M Chetan (22), a private employee, both residents of Yapral in Jawaharnagar
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According to the officials, the gold was concealed in the washroom of the aircraft which reached Hyderabad from Cochin.
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In the international market, gold was quoting lower at USD 1,727 per ounce and silver was flat at USD 24.78 per ounce.
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Hyderabad: Customs officials at the Rajiv Gandhi International Airport in Shamshabad on Friday seized gold worth Rs 25.4 lakh from a woman passenger who arrived here on a Sharjah-Hyderabad flight. According to Customs officials, following specific inputs, the passenger was caught smuggling about 548.3 grams of gold paste, concealed in her inner garments. Further investigations […]
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According to the customs officials, the passengers had arrived in a flight from Dubai and had concealed the gold in mixer grinder and cutting appliances
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Dominating the event from start to end, hosts India topped the chart with an incredible tally of 30 medals, half of them being gold
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Saroja was produced before the court and remanded in judicial custody.
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According to the DRI, on specific information they intercepted an SUV at the Panthangi toll plaza, about 55 kilometres away from Hyderabad.