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Page 28 - Gold

Gold price dips ₹10 to ₹99,590, silver price rises ₹100 to ₹1,07,100

The price of 22-carat gold also fell ₹10, with ten grams of the yellow metal selling at ₹91,290

Updated On : 07 Jun 2025 | 7:17 AM IST

45 kg gold used in Ram Temple; passes to be required for Ram Darbar visits

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

Updated On : 06 Jun 2025 | 4:24 PM IST

RBI to raise gold lending LTV to 85% for loans under Rs 2.5 lakh: Malhotra

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