People buy on the cheap as metal stands at Rs 26,985/10 g on Monday against Rs 29,060 last year
Regulator is expected to clear proposals of exchanges to allow futures in guar seed & gum
As announced earlier, consignment imports restricted; jewellery trade fears rise in costs, especially for smaller entities
Netherlands-based apparel body passed resolution on lack of labour safety, health measures and an inappropriate work environment in Bangladesh
In 2012-13, about 230 tonnes of gold jewellery was exported, including round tripping, meaning export in the form of crude jewellery
The company consumed material worth Rs 715 crore in 2012-13
MMTC Pamp refined and sold 45 tonnes of gold and 15 tonnes of silver in 2012-13
Fall has a direct reflection on imports also
RBI suggests banks can import bullion only on a consignment basis to meet gold jewellery export need
Interview with Chairman, GJEPC
However, other commodities yet to see meaningful recovery in global markets
Gems & jewellery exports seen rising, too, as demand remains strong in all markets except Europe
Lower commodity prices, including crude oil, will help Indian companies improve their operating margins
Analysts say gold prices could fall another 10 per cent from here, below $1,300 an ounce
After yesterday's global meltdown, bullion prices fall 3.5% in domestic markets; analysts see downtrend continuing
Some restrictions still remain on the industry, but partial decontrol could ease pressure on finances and improve profitability
At present sugar industry's average realization is Rs 29 per kg in open market sale
In five instances since 1971, gold prices have corrected by 40-50 per cent after every rally
PMEAC had projected gold imports for 2012-13 to be worth $36 billion