The price of 22-carat gold also fell ₹10, with ten grams of the yellow metal selling at ₹89,440
The price of 22-carat gold also fell ₹10, with ten grams of the yellow metal selling at ₹89,540
Sitharaman added that SPMCIL also refines silver and gold received from institutions such as the Tirumala Tirupati Devasthanams and the Vaishno Devi Shrine Board
Silver prices soared Rs 1,000 to hit a fresh peak of Rs 1,08,100 per kilogram in the national capital on Monday, in line with firm global cues, according to the All India Sarafa Association. On Saturday, the metal traded flat at Rs 1,07,100 per kg (inclusive of all taxes). Prior to that, the white metal on Friday had soared Rs 3,000 to hit another record high of Rs 1,07,100 per kilogram. Traders said silver prices surged due to strong investor demand, a weak dollar against major currencies, heightened geopolitical tensions, and firm industrial demand from the EV and solar sectors. Gold of 99.9 per cent purity fell Rs 280 to Rs 97,780 per 10 grams (inclusive of all taxes) on Monday. The precious metal had declined by Rs 1,630 to Rs 98,060 per 10 grams on Saturday. The yellow metal of 99.5 per cent purity dipped Rs 250 to Rs 97,350 per 10 grams (inclusive of all taxes). It had depreciated by Rs 1,500 to Rs 97,600 per 10 grams in the previous market close. Globally, spot gold rose ..
The price of 22-carat gold also fell ₹10, with ten grams of the yellow metal selling at ₹91,290
A total of 45 kilograms of pure gold has been used in the construction of the Ram Temple in Ayodhya, according to Nripendra Mishra, the chairman of the Ram Temple Construction Committee. Mishra informed on Friday, a day after the consecration of the Ram Darbar on the first floor of the temple complex. He said the estimated value of the gold, excluding taxes, is around Rs 50 crore. Gold has been used extensively in the doors on the ground floor of the temple and the throne of Lord Ram. He added that gold work is still ongoing in the Sheshavatar Temple. While the main structure of the Ram Temple has been completed, other parts of the temple complex, including the museum, auditorium, and guest house, are still under construction. These are expected to be completed by December 2025. Following the consecration of the Ram Darbar, Mishra said arrangements are being made for controlled public access to the sacred space. For now, only a limited number of devotees will be allowed to visit
The Reserve Bank is all set to raise the loan-to-value (LTV) ratio for lending against gold to 85 per cent for loans under Rs 2.5 lakh from the present 75 per cent, Governor Sanjay Malhotra announced on Friday. Speaking to reporters at the central bank headquarters, Malhotra said the relaxation will come with riders, and pointed out that both principal as well as interest will be included while computing the LTV as against the current industry practice of sticking only to the principal. "The LTV was 75 per cent till now. We are expanding it to 85 per cent for small loans of below Rs 2.5 lakh per borrower," Malhotra said, adding that this will be included in the final regulation on gold lending which has been in the works for some time. He said the revised norms are aimed at regulating the category in a better way with minimum risk. The Governor said state-owned lenders have been including both interest and principal while making gold loans under the current LTV limit of 75 per cent
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹91,310
Spot gold fell 0.9 per cent to $3,347.79 an ounce, as of 12:12 p.m. EDT (1612 GMT) after trading 0.6 per cent higher earlier
Spot gold fell 0.9 per cent to $3,347.79 an ounce, as of 12:12 p.m. EDT (1612 GMT) after trading 0.6 per cent higher earlier.
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹90,910
Gold's bid-ask spreads remained narrow - or normalized quickly - during periods of market stress, rivalling those seen in 10- and 30-year US Treasuries.
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹89,210
Jewelry demand slumped 25% in volume, but ETFs took center stage.
This week, Indian dealers were offering a discount of up to $31 an ounce over official domestic prices, inclusive of 6 per cent import and 3 per cent sales levies
The price of 22-carat gold declined ₹10, with ten grams of the yellow metal selling at ₹88,940
The price of 22-carat gold declined ₹10, with ten grams of the yellow metal selling at ₹89,340
Spot gold may test the support zone of $3,250-$3,257 (₹93,700-₹93,950). Downside from current level may be limited though.
The price of 22-carat gold declined ₹10, with ten grams of the yellow metal selling at ₹89,490
Fund of funds cross ₹1 trillion AUM in April 2025 for the first time, driven by tax reforms, gold's stellar returns, and launch of several new mutual fund offerings