Total collection came to 14.071 tonnes worth of gold, with bonds amounting to Rs 4,127 crore, says government
Poor consumer interest in jewellery, even for weddings, I-T raids, shave 1.5% off metal in Mumbai; silver sheds over 2%
Small jewellers converting old notes into precious metals have cancelled orders after govt announced it would monitor bank deposits
The process is like de-printing money and that it will help the economy, says Nirmal Jain
NIRMAL JAIN, chairman of IIFL Group, explains the impact of demonistisation in an interview with Rajesh Bhayani. He says the process is like de-printing money and that it will help the economy. Edit
Gold jewellery was sold at a premium after the demonetisation announcement, and jewellers even accepted the old currency
Farmers resist accepting money in any form other than cash as they are not used to it
The gold and jewellery route has been followed by persons with black money to convert their Rs 500 and Rs 1,000 notes at a haircut of 20-40%
In last three weeks, base metals have seen a sharp rally initially and most industrial raw materials have risen 10-25%
Bayer group is setting up a new plant at Vapi in Gujarat with €30-million fresh investments
Even in India, MCX prices fell sharply from Rs 1200 jump on MCX futures on Wednesday morning in the opening session
In a late night conference call involving Mumbai, Ahmedabad, Jaipur and Delhi based large dabba traders
The Modi government's decision to demonetise Rs 500 and Rs 1,000 banknotes is set to drive up interest in the bullion market
If Trump wins, gold is expected to see a sharp jump as market sees policy uncertainty
India Mint, CSIR & BARC signed an agreement last week to develop a standard reference material for gold
MCX far month futures trades at discount on Duty cut buzz
Only exports from domestic tariff areas would be counted and such exports have much better vigilance mechanism
Key challenge for the exchange would be to have enough option writers who takes full price risk
Outlook rosy for medium to long term but import duty and GST could be dampeners
CRISIL says India will continue to see more of licensing collaborations and distribution tie-ups