Page 37 - Gold

Action against banks, NBFCs if they violate gold auction norms: Sitharaman

Finance Minister Nirmala Sitharaman on Monday said action will be taken in case there are violations of well laid down processes for auctioning of gold by banks and NBFCs when a borrower fails to pay the gold loan. During Question Hour in Lok Sabha, she said Non Banking Financial Companies (NBFCs) and Scheduled Commercial Banks (SCBs) are guided by similar rules. There are very well laid down and tight processes in place for auctioning of gold by NBFCs and banks in case a borrower fails to pay the gold loan. These processes are followed by NBFCs and banks, she told Lok Sabha. There is a process for giving enough number of notices to bank account holders to say their servicing is not up to the mark. In the eventuality of a borrower not coming back to pay, the bank or NBFC will be forced to go for an auction, the minister said. Sitharaman stressed that even while going for an auction, there are very well laid out procedures and tight processes. "... if these processes are violated,

Gold rises Rs 10 to Rs 86,520, silver falls Rs 100 to Rs 99,400 per kg

The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 79,310

Gold price climbs Rs 10 to Rs 86,250, silver rises Rs 100 to Rs 99,600

The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 79,060

Gold demand up 1% in 2024, to remain supported by economic uncertainty: WGC

Spot gold prices rose by 27 per cent last year, the most since 2010, as investors chose the metal to hedge against global risks and as the US Federal Reserve slashed interest rates

Gold consumption in India to cool in 2025 as prices soar, says WGC

Demand for gold could stand between 700 metric tonnes and 800 metric tonnes, compared to last year's 802.8 tonnes

Gold hits record high as investors flock to safe-haven amid tariff war

China imposed tariffs on US imports, swiftly responding to new US duties, escalating the trade war between the world's top two economies even as Trump offered reprieves to Mexico and Canada

Gold pares early losses as Trump tariffs drive interest in safe-haven

Gold, often regarded as a safe-haven investment during periods of economic or geopolitical instability, soared to a record peak of $2,817.23 on Friday

Gold rises Rs 10 to Rs 84,340; silver up Rs 100, trades at Rs 99,600 per kg

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 84,340

Gold prices hit record high as Trump tariff concerns drive demand

Gold is considered a safe investment during geopolitical turmoil and thrives in a low interest rate environment

Should you buy or sell Gold ahead of Budget 2025? Check rate, outlook

Gold rate today: India's budget to be presented on February 1 will be important for domestic gold prices as import duty on precious metals may be increased.

Gold price dips Rs 10 to Rs 81,920, silver falls Rs 100 to Rs 96,400

The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 75,090

Gold falls Rs 10 to Rs 82,240; silver down Rs 100 at Rs 96,400 per kg

The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 75,390

Gold falls Rs 10 to Rs 82,410; silver down Rs 100 at Rs 97,400 per kg

The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 75,540

Gold price climbs Rs 10 to Rs 82,430, silver rises Rs 100 to Rs 97,600

The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 75,560

Forex reserves decline by $1.88 bn to $623.983 bn, shows RBI data

India's forex reserves dropped by USD 1.88 billion to USD 623.983 billion in the week ended January 17, the RBI said on Friday. Earlier, the overall kitty declined by USD 8.714 billion to USD 625.871 billion in the week ended January 10, the Reserve Bank of India said. The reserves have been on a declining trend for the last few weeks, and the drop has been attributed to revaluation along with forex market interventions by RBI to help reduce volatilities in the rupee. The forex reserves had increased to an all-time high of USD 704.885 billion in end-September. For the week ended January 17, foreign currency assets, a major component of the reserves, decreased by USD 2.878 billion to USD 533.133 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves increased by USD 1.063 million to USD 68.

Gold falls Rs 10 to Rs 82,230; silver down Rs 100 at Rs 96,400 per kg

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 82,080

Gold climbs Rs 10, silver down Rs 100; yellow metal trading at Rs 82,100

The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 75,260

Gold falls Rs 10, silver down Rs 100; precious metal trading at Rs 81,100

The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 74,340

Gold rises Rs 10 to Rs 81,280; silver jumps Rs 100 to Rs 96,600 per kg

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 81,280

Gold price today: Upside limited; check trading support, resistance levels

Gold rate in share market: Recovery in gold prices is being driven primarily by a sharp decline in the US yields and a retreat in the US Dollar Index