Page 46 - Gold
Govt updates list of banks authorised to import gold, silver in FY25
The government on Thursday updated the list of banks authorised to import gold and silver during 2024-25. As per the list, 11 banks, including HDFC Bank and ICICI Bank, have been authorised by the Reserve Bank of India to import gold and silver for 2024-25 with effect from April 1. The authorisation will be valid up to March 31 next year. "List of banks authorised to import gold/silver...has been updated," the Directorate General of Foreign Trade (DGFT) said in a public notice. Three banks -- Indian Overseas Bank, Punjab National Bank, and Union Bank of India -- have authorised by the RBI to import only gold for 2024-25 with effect from April 1 this year. Gold imports rose 38.76 per cent to USD 44 billion during April-February this fiscal. However, silver imports dipped 11.53 per cent to USD 4.62 billion during the period.
 "Govt updates list of banks authorised to import gold, silver in FY25")
India's March gold imports likely to plunge more than 90% as prices surge
Lower imports by India, the world's second biggest consumer of the precious metal, could limit a rally in global prices that hit a record high earlier this month
 "India's March gold imports likely to plunge more than 90% as prices surge")
Gold slips Rs 10, silver declines Rs 100, yellow metal trading at Rs 66,700
In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 61,140
Gold price slips Rs 10 to Rs 66,810, silver up Rs 100 at Rs 77,900
The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 77,900
 "Gold price slips Rs 10 to Rs 66,810, silver up Rs 100 at Rs 77,900")
Gold price slips Rs 10 to Rs 66,810, silver falls Rs 100 to Rs 77,400
The price of 22-carat gold also declined Rs 10 with the yellow metal selling at Rs 61,240
Gold price climbs Rs 10 to Rs 67,430, silver jumps Rs 100 to Rs 78,600
The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 61,810
Gold price dips Rs 10 to Rs 66,320, silver falls Rs 100 to Rs 76,900
The price of 22-carat gold also declined Rs 10 with the yellow metal selling at Rs 60,790
 "Gold price dips Rs 10 to Rs 66,320, silver falls Rs 100 to Rs 76,900")
Gold price climbs Rs 10 to Rs 66,340, silver rises Rs 100 to Rs 77,400
The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 60,810
Gold declines Rs 10, silver slips Rs 100, yellow metal trading at Rs 65,860
The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 76,900
Gold price dips Rs 10 to Rs 66,100, silver falls Rs 100 to Rs 76,900
The price of 22-carat gold also declined Rs 10 with the precious metal selling at Rs 60,590
Gold price climbs Rs 10 to Rs 66,120, silver rises Rs 100 to Rs 77,100
The price of 22-carat gold also inched up Rs 10 with the precious metal selling at Rs 60,610
Gold price slips Rs 10 to Rs 66,250, silver rises Rs 100 to Rs 76,200
The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 76,200
Yellow metal: Commit to minimum 7-year horizon after rally in gold
Buy in a staggered manner; rebalance if allocation exceeds 15%
Gold price slips Rs 10 to Rs 66,260, silver drops Rs 100 to Rs 75,500
The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 75,500
 "Gold price slips Rs 10 to Rs 66,260, silver drops Rs 100 to Rs 75,500")
Forex reserves kitty jumps $6.55 billion to $625.63 billion: RBI data
India's forex reserves jumped USD 6.55 billion to USD 625.626 billion for the week ended March 1, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves had risen by USD 2.975 billion to USD 619.072 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year. For the week ended March 1, the foreign currency assets, a major component of the reserves, increased by USD 6.043 billion to USD 554.231 billion, the data said. 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 569 million to USD 48.417 billion during the week, the RBI said. The Special Drawing Rights (SDRs
 "Forex reserves kitty jumps $6.55 billion to $625.63 billion: RBI data")
Gold price climbs Rs 10 to Rs 65,570, silver rises Rs 100 to Rs 75,100
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 65,570
India roils market with new crackdowns on booming IPO financing, gold
Paytm is still down more than 40% since its banking affiliate was barred from adding deposits after people familiar with the matter said it failed to properly vet hundreds of thousands of clients
 "India roils market with new crackdowns on booming IPO financing, gold")
Gold and Silver can rally up to 10% on MCX, show charts
The MCX Gold futures have gained 4 per cent and Silver 6.5 per cent so far in March on hopes of interest rate cuts in the US. Chart suggests that positive bias shall prevail in the near-term.
 "Gold and Silver can rally up to 10% on MCX, show charts")
Gold price climbs Rs 10 to Rs 65,140, silver falls Rs 100 to Rs 74,400
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 65,140
Dal with 24-carat gold dust: Video goes viral at Ranveer Brar's restaurant
A video of Dal with a 24-carat gold tadka goes viral on Instagram from Celebrity chef Ranveer Brar's Dubai-based restaurant, 'Kashkan'
 "Dal with 24-carat gold dust: Video goes viral at Ranveer Brar's restaurant")