Page 43 - Gold
Risk of near-term volatility in both gold and silver, says Nippon India MF
Spot gold is likely to face the hurdle near $2045 level and slip towards $2020 level amid strong dollar and surge in US treasury yields
 "Risk of near-term volatility in both gold and silver, says Nippon India MF")
Gold will remain very important for next 2-3 years: CSB Bank MD Mondal
If you look at it, gold has exactly grown in line with our bank growth, bank has grown by 23 per cent and gold has also grown by 23 per cent on a Y-o-Y basis, Pralay Mondal said
 "Gold will remain very important for next 2-3 years: CSB Bank MD Mondal")
Cut duty, increase PAN card transaction limit: Jewellery industry to govt
The gems and jewellery industry has urged withdrawal of hike in Basic Customs Duty (BCD) on import of gold in the coming interim Budget and asked the government to introduce a rationalised tax structure. "The jewellery industry contributes nearly 7 per cent of India's GDP and hence, deserves a pro-business environment," apex body for the gems and jewellery industry All India Gem And Jewellery Domestic Council Chairman Saiyam Mehra told PTI. "This will also benefit the government. We urge the finance ministry to withdraw the increase in BCD on gold in the upcoming Union Budget and a rationalised tax structure may be developed to tackle the CAD issue," Mehra said. Currently, the BCD is at 12.5 per cent ad valorem, which takes the total tax to 18.45 per cent on the imported gold, he added. He further urged the government to increase the PAN card transaction limit to Rs 5 lakh from the present Rs 2 lakh as gold prices have surged. "With the rising gold rate, there is an urgent need to
 "Cut duty, increase PAN card transaction limit: Jewellery industry to govt")
Sky Gold Q3 results: Net profit soars 41% to Rs 6 cr, income at Rs 460 cr
Jewellery firm Sky Gold Ltd has posted a 41 per cent increase in its consolidated net profit to Rs 8.93 crore for the quarter ended December 2023. Its net profit stood at Rs 6.34 crore in the year-ago period. Total income also rose to Rs 460.90 crore in the third quarter of the current fiscal from Rs 267.56 crore in the corresponding period of the previous year, the company said in a statement on Monday. Established in 2008, the Mumbai-based company is engaged in the business of designing, manufacturing and marketing of gold jewellery. It works on a B2B model with leading jewellery retailers and large wholesalers.
 "Sky Gold Q3 results: Net profit soars 41% to Rs 6 cr, income at Rs 460 cr")
Gold price rises Rs 100 to Rs 63,050, silver jumps Rs 500 to Rs 76,500
The price of 22-carat climbed Rs 100, with the yellow metal selling at Rs 57,800
Gold prices firms on softer dollar as market await US economic data
Spot gold edged up 0.2% to $2,032.88 per ounce by 12:50 GMT. U.S. gold futures rose 0.42% to $2,034.30
Gold price climbs Rs 330 to Rs 62,950, silver rises Rs 200 to Rs 75,700
The price of 22-carat gold jumped Rs 300, with the yellow metal selling at Rs 57,700
Gold price falls Rs 330 to Rs 62,620, silver declines Rs 400 to Rs 75,500
The price of 22-carat gold slipped Rs 300, with the yellow metal selling at Rs 57,400
 "Gold price falls Rs 330 to Rs 62,620, silver declines Rs 400 to Rs 75,500")
Gold price falls Rs 380 to Rs 62,950, silver declines Rs 600 to Rs 75,900
The price of 22-carat gold slipped Rs 350, with the yellow metal selling at Rs 57,700
Gold price dips Rs 110 to Rs 63,330, silver falls Rs 300 to Rs 76,500
The price of 22-carat gold slipped Rs 100, with the yellow metal selling at Rs 58,050
 "Gold price dips Rs 110 to Rs 63,330, silver falls Rs 300 to Rs 76,500")
Gold price rises Rs 170 to Rs 63,270, silver climbs Rs 300 to Rs 76,800
The price of 22-carat gold rose Rs 150, with the yellow metal selling at Rs 58,150
Gold price rises Rs 120 to Rs 62,950, silver unchanged at Rs 76,000
The price of 22-carat gold rose Rs 100, with the yellow metal selling at Rs 57,700
 "Gold price rises Rs 120 to Rs 62,950, silver unchanged at Rs 76,000")
Gold price dips Rs 120 to Rs 62,830, silver unchanged at Rs 76,000
The price of 22-carat gold slipped Rs 100, with the yellow metal selling at Rs 57,600
Gold, silver prices fall Rs 200, yellow metal selling at Rs 63,050
The price of 22-carat gold declined Rs 200, with the yellow metal selling at Rs 57,800
Gold, silver prices unchanged; yellow metal trading at Rs 63,270 per 10g
The price of 22-carat gold remained flat, with the yellow metal selling at Rs 58,000
 "Gold, silver prices unchanged; yellow metal trading at Rs 63,270 per 10g")
Gold price falls Rs 110 to Rs 63,270, silver unchanged at Rs 76,600
The price of 22-carat gold fell Rs 100, with the yellow metal selling at Rs 58,000
 "Gold price falls Rs 110 to Rs 63,270, silver unchanged at Rs 76,600")
Gold prices slip after pressure from stronger US dollar, treasury yields
Spot gold was down 0.2 per cent to $2,038.49 per ounce as of 1223 GMT. U.S. gold futures fell 0.2 per cent to $2,045.40
 "Gold prices slip after pressure from stronger US dollar, treasury yields")
Gold price falls Rs 440 to Rs 63,380, silver declines Rs 2,000 to Rs 76,600
The price of 22-carat gold dipped Rs 400, with the yellow metal selling at Rs 58,100
Gold expected to move much higher in 2024, could touch Rs 70,000
The yellow metal has boomed from the lows seen in the last six months to levels above $2000, and currently, it is perched at the $2050 level
Gold price unchanged at Rs 63,870, silver price unchanged at Rs 78,600
The price of 22-carat gold remained flat, with the yellow metal selling at Rs 58,550