This move will halt such sales of gold at a huge premium against old currency notes, which jewellers were doing till the Income Tax (I-T) department raided them across the country
Gold and jewellery establishments remained shut for the second day in the national capital today
Jewellers in many parts of India sold huge quantities of precious ornaments at a premium of up to 50%
Yesterday, gold prices zoomed by Rs 900 to trade at three-year high of Rs 31,750 per 10 grams in the national capital
Gold steady as markets take a breather after Trump shock
Black money crackdown and surge in global cues amid Donald Trump's victory in US presidential election are the reasons
Gold hits Rs 34,000 - 34,500 per 10g in a mad rush of buyers to tender Rs 500 and Rs 1,000 notes Tuesday night
Donald Trump held small leads in the vital states of Florida, Virginia, North Carolina and Ohio
India's gold demand declines 28% for July - Sept quarter on high prices, unfavourable policy decisions
MCX far month futures trades at discount on Duty cut buzz
India is one of the largest gold importers in the world
Demand for gold usually strengthens in the final quarter as India gears up for the wedding season
Spot gold in London was trading lower by 0.3% at $1,293/oz after hitting the high of $1,306
Gold is highly sensitive to rising rates, which lift opportunity cost of holding non-yielding assets
Only exports from domestic tariff areas would be counted and such exports have much better vigilance mechanism
Key challenge for the exchange would be to have enough option writers who takes full price risk
Worries over the US election saw the so-called "fear index" of market volatility hit its highest in a month
For the last fortnight, the tariff value on imported gold was fixed at $410 per 10 grams
Gold prices in India were at a premium of up to $3 an ounce over official domestic prices this week
The metal for delivery in February next year traded lower by Rs 57, or 0.17% to Rs 29,823 per 10 grams in 78 lots