Gold

SBI says India urgently needs a national gold policy, because the country remains deeply tied to the yellow metal - culturally, financially, and now geopolitically too.

Spot gold was up 1.2% at $3,977.94 per ounce by 10:57 am ET (1557 GMT). US gold futures for December delivery rose 0.7% to $3,989.80 per ounce

As gold prices soar to new heights, a study on Wednesday made a case for a comprehensive policy for the yellow metal as India is one of the world's largest bullion markets, influenced by a cultural affinity for the shiny metal and investment demand. Gold price has been reaching new heights driven by geo-political tensions, economic uncertainty, and a weakening US dollar, said the report titled 'Coming Of (A Turbulent) Age: The Great Global Gold Rush' by the State Bank of India's Economic Research Department. The year-to-date price has increased by over 50 per cent in 2025. The price came down to below USD 4,000 per ounce for a few days in October, but again moved above USD 4,000/oz in November. The report noted that the domestic supply of gold is only a fraction of the total gold supply in India, with imports contributing around 86 per cent of the total supply in 2024 as per the World Gold Council estimate. India is one of the largest gold markets, influenced by cultural affinity f

The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,12,910

Gold prices extended their decline for the second consecutive week as improved global risk appetite, a strong dollar, and the US Federal Reserve's cautious tone of further rate cuts have dampened the demand for safe-haven asset. On the Multi Commodity Exchange (MCX), gold futures for December delivery plunged Rs 2,219, or 1.8 per cent, over the past week. During the past week, the yellow metal hit an intra-day low of Rs 1,17,628 per 10 grams on October 28. GOLD's CORRECTION DEEPENS AS DOLLAR STRENGTHENS, TENSIONS EASE Both global and domestic markets saw a sharp correction early in the week, breaking a nine-week rally amid easing geopolitical tensions, stronger US dollar, and profit-booking by investors have pushed gold prices lower. "Heavy profit-booking pushed global gold down from recent highs to test the USD 4,000 an ounce level. Domestic gold mirrored this, falling below Rs 1,19,000 per 10 grams before stabilising and recovering modestly in the latter half of the week," Sneha

Investigators said Kumar had been associated with Sabarimala since the 1990s and knew the idols were covered in gold

The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,13,010

Central banks continuing to buy gold at a brisk pace despite elevated gold prices underscores the importance of holding metal in the present, uncertain political, economic, and geopolitical times

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,11,340

From private equity to investment in digital infra, India's HNIs and ultra-rich are driving the next wave of wealth creation, said wealth managers at the Business Standard BFSI Insight Summit 2025

After months of record-breaking gains, gold and silver prices have suddenly tumbled, sparking fears that the historic bullion rally may be cooling.

Overall gold consumption, however, fell 16 per cent to 209.4 tonnes as jewellery demand slumped 31 per cent to 117.7 tonnes due to record-high prices

Central banks, another major source of gold demand, increased purchases by 10 per cent to 219.9 tonnes in the third quarter, the WGC estimated

The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,12,210

The government on Wednesday said the allocations of tariff rate quota (TRQ) for gold under the free trade agreement between India and the UAE will be undertaken based on the competitive bidding/tender process. Under the agreement, India agreed to import up to 200 metric tonnes of gold annually from the UAE with a one per cent tariff or duty concession under tariff rate quota (TRQ). Amending the procedure for allocation of TRQ for gold under the India-UAE trade pact, the Directorate General of Foreign Trade (DGFT) said in a trade notice that "the allocations of TRQ for Gold under CEPA (comprehensive economic partnership agreement) will be undertaken based on the competitive bidding/tender process". It also said the eligible applicant must be registered with the Bureau of Indian Standards (BIS) for hallmarking; and with GST. Import of Gold Dore under TRQ shall not be considered, it added. Eligible applicants can file their applications online through the DGFT website. Further, the

As of the end of September, the RBI held 880 tonnes of gold, of which 576 tonnes were stored domestically - an all time-high

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,10,740

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,12,990

With gold up 51% and equities up just 6%, Kotak says the metal's surge is driven by sentiment, not fundamentals - and could hurt both portfolios and India's current account.

Gold prices plunged by as much as 6.3 per cent on Tuesday, the biggest drop since 2013, and held losses through Friday to close at $4,113.05 an ounce