The price of 22-carat gold rose Rs 10, with the yellow metal selling at Rs 66,360
The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 66,240
Indian dealers offered a discount of up to $9 an ounce over official domestic prices â€" inclusive of 15% import and 3% sales levies, versus last week's discount of $13
On the daily chart, MCX Gold for August is hovering near its trend line support. A break below 70,750 could signal bearish sentiments, the analyst said
The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 65,990
Gems and jewellery exporters on Tuesday sought a reduction in import duty on hold, silver, and platinum bars to 4 per cent in the forthcoming Budget. In a pre-budget meeting with Finance Minister Nirmala Sitharaman here, the Gems and Jewellery Export Promotion Council said the Indian gems and jewellery industry contributes around 10 per cent to total merchandise exports. However, the industry is currently facing some challenges due to the geopolitical scenario, the emergence of the beneficiation scheme, and issues related to rough diamond sourcing, it added. Against the backdrop of the macroeconomic scenario, the council urged the government to take measures to revive exports in this sector. It also requested to introduce the sale of rough diamonds in SNZs (special notified zones); and "reduce the import duty on gold, silver, and platinum bars to 4 per cent; and introduce duty drawback on exports of platinum jewellery to take advantage of India UAE comprehensive economic cooperati
The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 66,240
The price of 22-carat gold also rose Rs 10, with the yellow metal selling at Rs 67,160
Domestic prices were trading around 72,800 rupees per 10 grams, after hitting a record high of 74,442 rupees last month
Domestic prices were trading around 72,800 rupees per 10 grams, after hitting a record high of 74,442 rupees last month
Spot gold surged on Thursday to two week-high level of $2,366 on the Fed rate cut bets. The rate cut speculation gained currency as the Swiss National Bank cut interest rates for the second time
The price of 22-carat gold was also up by Rs 10, with the yellow metal selling at Rs 66,410
The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 66,190
Demand for gold from central banks has been elevated in the last two years as some countries diversify their foreign currency reserves
Under the CEPA, India allows 7 per cent customs duty concessions on import of unlimited quantities of silver and 1 per cent concession on 160 metric tonnes of gold
The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 65,890
Gold rate today: The MCX Gold August contract was at Rs 71,135, down 1.16 per cent at Thursday's close
The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 66,140
Spot gold climbed 0.92% to $2,337.47 per ounce by 1700 GMT. U.S. gold futures for August delivery were up 1.2% at $2,354.60
To identify whether gold is real or fake, the first and foremost thing one should check is the hallmark stamps on the gold jewellery