The price of 22-carat gold also fell Rs 150 with the yellow metal selling at Rs 54,950
The price of 22-carat gold also fell Rs 300 with the yellow metal selling at Rs 55,100
The price of 22-carat gold rose Rs 150 with the yellow metal selling at Rs 55,400
In the June quarter, scrap supplies jumped 61% from a year ago to 37.6 metric tons, the highest in nearly 3 years, the data showed
The price of 22-carat gold dipped Rs 350 and the yellow metal is selling at Rs 55,100
Saffron and silver varq are used by sweetmakers to provide Indian sweets with a luxurious feel
The price of 22-carat gold rose Rs 300 with the precious metal selling at Rs 55,450
Households in India's COVID-19 vulnerable districts allocated more gold to their savings portfolio during the pandemic compared to households in other districts, as per a study conducted by the Indian Institute of Management Ahmedabad (IIMA). The shift towards gold is accompanied by a shift away from other financial assets and cash, as per the IIMA working paper titled 'Gold in household portfolios during a pandemic: Evidence from an emerging economy'. The study, published on IIMA's website on June 30, captured the variation in the intensity of the crisis using two main indicators: COVID-19 cases per 1,000 population, and satellite-based night-time lights intensity. The survey covered 142 districts across 21 states. India is the second-largest consumer of gold (in the form of jewellery) in the world and an average Indian household invests 11 per cent of its overall holdings in the precious metal, as per the study paper. It said addressing geographical inequalities in the availabil
The price of 22-carat gold dipped Rs 300, with the precious metal selling at Rs 55,400
The price of ten grams of 22-carat gold was Rs 55,700, the same as Thursday
Stock up over 60% in a month on strong sales, asset-light network expansion
The price of ten grams of 22-carat gold was at Rs 55,000, the same as yesterday
The price of ten grams of 22-carat gold was Rs 54,650, at par with yesterday's price
The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut import of non-essential items. Now an importer would need a permission of licence from the government for importing these gold products. However, the directorate general of foreign trade (DGFT) said that the restrictions will not be there for imports under the India-UAE free trade agreement. In a notification, the DGFT said that the import policy of these products "has been amended from free to restricted with immediate effect". Imports of pearls, precious and semi-precious stones dipped by 25.36 per cent to about USD 4 billion during April-May this fiscal. Gold imports too contracted by about 40 per cent to USD 4.7 billion in the same period. Overall merchandise imports during April-May this fiscal declined 10.24 per cent to USD 107 billion. The merchandise trade deficit for April-May 2023 stood at USD 37.26 billion against USD 40.48 billion during April-May
The price of 22-carat gold dipped Rs 100 to Rs 54,150
The price of 22-carat gold was also unchanged at Rs 54,150
The price of 22-carat gold also declined Rs 100 and the precious metal was trading at Rs 54,050
The price of 22-carat gold increased by Rs 100 to Rs 53,950
The price of 22-carat gold dipped Rs 200 to Rs 53,850
The price of 22-carat gold declined Rs 300 to Rs 54,050