Page 5 - Gold

Govt to allocate UAE trade pact gold quota via competitive online bidding

The government on Wednesday said the allocations of tariff rate quota (TRQ) for gold under the free trade agreement between India and the UAE will be undertaken based on the competitive bidding/tender process. Under the agreement, India agreed to import up to 200 metric tonnes of gold annually from the UAE with a one per cent tariff or duty concession under tariff rate quota (TRQ). Amending the procedure for allocation of TRQ for gold under the India-UAE trade pact, the Directorate General of Foreign Trade (DGFT) said in a trade notice that "the allocations of TRQ for Gold under CEPA (comprehensive economic partnership agreement) will be undertaken based on the competitive bidding/tender process". It also said the eligible applicant must be registered with the Bureau of Indian Standards (BIS) for hallmarking; and with GST. Import of Gold Dore under TRQ shall not be considered, it added. Eligible applicants can file their applications online through the DGFT website. Further, the

RBI brings back more gold from abroad after West freezes Russia's reserves

As of the end of September, the RBI held 880 tonnes of gold, of which 576 tonnes were stored domestically - an all time-high

Gold price dips ₹10 to ₹1,20,810; silver falls ₹100, trading at ₹1,50,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,10,740

Gold prices fall ₹10 to ₹1,23,270; silver down ₹100, trades at ₹1,54,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,12,990

Should you shift more savings into gold as stock market underperforms?

With gold up 51% and equities up just 6%, Kotak says the metal's surge is driven by sentiment, not fundamentals - and could hurt both portfolios and India's current account.

Gold prices tumble 6% in biggest drop since 2013 as investors rush to buy

Gold prices plunged by as much as 6.3 per cent on Tuesday, the biggest drop since 2013, and held losses through Friday to close at $4,113.05 an ounce

Gold braces for turbulence ahead of central bank, geopolitical triggers

Gold prices are likely to witness some consolidation in the domestic markets next week as investors brace for a series of key central bank meetings and global trade developments, analysts said. Investors will keenly follow the US Federal Reserve's (Fed) policy outcome and remarks from Fed Chair Jerome Powell for cues on the interest rate decision. The US President Donald Trump and his Chinese counterpart Xi Jinping's meeting in South Korea, and the European Central Bank's policy review on Thursday are also expected to steer the trajectory of precious metal prices, they added. "Gold prices closed in negative for the first time in ten trading weeks, on profit-booking at recent tops, weakening physical demand in Asian centres like India & China, and further weighed by a stronger US dollar," Pranav Mer, Vice President, EBG -- Commodity & Currency Research, JM Financial Services Ltd, said. He said physical demand in India weakened in the latter part of the week as buyers trimmed ...

Gold prices dip ₹10 to ₹1,24,360; silver down ₹100, trading at ₹1,54,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,13,990

Gold falls to ₹1,25,600 per 10 grams in Delhi amid weak global cues

Gold prices tanked to Rs 1,25,600 per 10 grams in the national capital on Friday amid weak trends in the international markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,32,400 per 10 grams on October 18. Gold of 99.5 per cent purity slumped to Rs 1,25,000 per 10 grams (inclusive of all taxes). It had settled at Rs 1,31,800 per 10 grams on Saturday. In the local bullion market, silver prices also tumbled to Rs 1,52,600 per kilogram (inclusive of all taxes) on Friday. It had ended at Rs 1,70,000 per kg in the previous market session. The association said that local bullion markets reopened on Friday after being closed for four days amid Diwali festivities. In the international markets, spot gold fell by USD 38.47, or 0.93 per cent, to USD 4,087.55 per ounce on Friday after rising 0.67 per cent in the previous session. "Gold struggled to maintain its recovery on Friday as the market shifted from a bullish trend to t

Gold price falls ₹10 to ₹1,25,070; silver down ₹100, trades at ₹1,59,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,14,640

iPhones, gold, silver coins drive BigBasket's record 500% Diwali sales rise

While the sales of electronics, including iPhones, surged 500 per cent, gold and silver coins reported a staggering 1000 per cent rise compared to last year

Gold prices dip ₹10 to ₹1,25,880; silver falls ₹100, trading at ₹1,59,900

The price of 22-carat gold also decreased by ₹10, with ten grams of the yellow metal selling at ₹1,15,390

Gold extends fall as investors book profits ahead of US inflation data

On the technical front, gold is supported by the 21-day moving average at $4,005

RBI's gold reserves crossed 880 metric tonnes by end of September 2025

The Reserve Bank's gold reserves crossed 880 metric tonnes in the first half of 2025-26 with the central bank adding 0.2 metric tonnes in the last week of September. The total value of the gold was USD 95 billion as of September 26, 2025, according to the latest data from the Reserve Bank of India (RBI). The demand for gold, considered a safe haven, has been on the rise in recent months amid escalating global uncertainties. In the six months ended September, the RBI bought 0.6 metric tonnes (600 kilograms) of gold. A total of 0.2 metric tonnes (200 kg) and 0.4 metric tonnes (400 kg) of the yellow metal were bought in September and June, respectively, as per the latest RBI Bulletin. The total gold reserve with the RBI increased to 880.18 metric tonnes at September-end from 879.58 metric tonnes at the end of 2024-25. During 2024-25, the RBI had added 54.13 metric tonnes of gold. Rise in international gold prices, driven by heightened global economic and geopolitical uncertainty tha

Sabarimala gold: SIT files first report in Kerala HC in sealed cover

The SIT probing the loss of gold from Sabarimala on Tuesday filed its first report in the Kerala High Court in a sealed cover, sources said. The report was submitted before a bench of Justices Raja Vijayaraghavan and KV Jayakumar in in-camera proceedings, in the absence of lawyers, court sources added. Police officials said the report will detail the current status of the Special Investigation Team's probe into the gold loss. The High Court, while assigning the case to the SIT, had directed the team to file a progress report within two weeks and set a six-week deadline to complete the investigation. The SIT was constituted after a court-initiated plea revealed the loss of the gold. The plea arose when the bench was informed that the gold-plated copper claddings of the Dwarapalaka (guardian deity) idols in Sabarimala had been removed for repair and renovation without notifying the court. Subsequently, a vigilance report highlighted lapses by Devaswom officials in connection with t

Gold prices up 60% this year: How to pick the best Gold ETF in 2025

Set up a monthly SIP (systematic investment plan) into a gold fund.

Gold price falls ₹10 to ₹1,30,680; silver down ₹100, trades at ₹1,71,900

The price of 22-carat gold also decreased by ₹10, with ten grams of the yellow metal selling at ₹1,19,790

Dhanteras 2025: Festive trade likely to cross ₹1 trillion, says CAIT

Gold and silver sales alone are estimated at ₹60,000 crore; strong demand for Indian-made products boosts festive spending

Gold prices consolidate after record rally, focus on US-China talks

Spot gold was up 0.3% at $4,259.84 per ounce, as of 0951 GMT. U.S. gold futures for December delivery climbed 1.5% to $4,275 per ounce

Gold hits 48 all-time highs in 2025 as prices soar and demand stays strong

Record highs fuel investor appetite; ETFs see unprecedented inflows, jewellery sales hold up despite affordability pressure.