Page 2 - Precious Metals
India-UAE trade pact: GTRI expresses concerns over precious metal imports
Think tank GTRI on Tuesday expressed serious concerns over spurt in import of precious metals from the UAE under a free trade agreement and demanded an investigation as it is impacting domestic jewellery industry and leading to potential annual revenue loss. The Global Trade Research Initiative (GTRI) said that by addressing these issues, authorities can ensure the integrity of import practices, safeguard domestic industries, and prevent significant revenue losses. Seeking an urgent review of the agreement, it said the India-UAE comprehensive economic partnership agreement (CEPA) allows unlimited imports of gold, silver, platinum, and diamonds from the UAE into India with zero tariffs in the coming years. This will lead to significant "annual revenue losses, move import business from banks to a few private traders, and replace top suppliers with Dubai-based firms," it said in its report. "The zero-tariff policy under CEPA is projected to cause an annual revenue loss of Rs 63,375 cr
 "India-UAE trade pact: GTRI expresses concerns over precious metal imports")
Gold has major resistance at 74,500, buy the dips in near-term: Sharekhan
The metal was changing hands at $2381 at the time of the MCX closing, which is down 0.20 per cent from Wednesday's closing level
 "Gold has major resistance at 74,500, buy the dips in near-term: Sharekhan")
Gold price slips Rs 10 to Rs 73,680, silver falls Rs 100 to Rs 85,400
The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 67,540
 "Gold price slips Rs 10 to Rs 73,680, silver falls Rs 100 to Rs 85,400")
Gold price dips Rs 10 to Rs 74,230, silver falls Rs 100 to Rs 86,400
The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 68,040
 "Gold price dips Rs 10 to Rs 74,230, silver falls Rs 100 to Rs 86,400")
Gold price slips Rs 10 to Rs 74,120, silver falls Rs 100 to Rs 86,400
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 74,120
Gold price rises Rs 10 to Rs 73,320, silver climbs Rs 100 to Rs 86,600
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 73,160
Exploring investment in silver? Here're 5 popular methods with pros & cons
During economic uncertainties, investors often turn to precious metals like silver to safeguard their wealth
 "Exploring investment in silver? Here're 5 popular methods with pros & cons")
Why are gold prices rising? Chris Wood of Jefferies explains
China's official gold reserves, Wood said, have increased by 314 tonnes, or 16.1 per cent, from 1,948 tonnes at the end of October 2022 to 2,262 tonnes at the end of March 2024
 "Why are gold prices rising? Chris Wood of Jefferies explains")
Gold up Rs 10, silver jumps Rs 100; yellow metal trading at Rs 71,630
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 71,630
 "Gold up Rs 10, silver jumps Rs 100; yellow metal trading at Rs 71,630")
Gold price slips Rs 10 to Rs 71,280, silver falls Rs 100 to Rs 83,400
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 71,280
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 slips Rs 10, silver dips Rs 100; precious metal trading at Rs 64,080
The price of 22-carat gold also slipped Rs 10 with the yellow metal selling at Rs 58,740
Silver futures decline to Rs 71,543 per kg as traders reduce bets
Silver prices on Monday fell Rs 569 to Rs 71,543 per kilogram as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for March delivery declined Rs 569 or 0.79 per cent to Rs 71,543 per kg in a business turnover of 21,616 lots. Globally, silver was trading 1.28 per cent lower at USD 23.18 per ounce in New York.
 "Silver futures decline to Rs 71,543 per kg as traders reduce bets")
Gold price dips Rs 10 to Rs 62,060, silver climbs Rs 100 to Rs 74,600
The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 56,890
 "Gold price dips Rs 10 to Rs 62,060, silver climbs Rs 100 to Rs 74,600")
Gold price declines Rs 10 to Rs 62,180, silver falls Rs 100 to Rs 73,900
The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 56,990
Gold price falls Rs 10 to Rs 62,830, silver declines Rs 100 to Rs 75,400
The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 57,590
Gold down by Rs 10, silver declines Rs 1,000, trading at Rs 73,500/kg
The price of 22-carat gold declined by Rs 10 with the yellow metal selling at Rs 57,990
 "Gold down by Rs 10, silver declines Rs 1,000, trading at Rs 73,500/kg")
Gold falls Rs 160, silver down by Rs 300, trading at Rs 75,200/kg
The price of 22-carat gold declined by Rs 150 with the yellow metal selling at Rs 57,950
 "Gold falls Rs 160, silver down by Rs 300, trading at Rs 75,200/kg")
Gold falls Rs 50, silver jumps Rs 300; yellow metal trading at Rs 63,000
The price of 22-carat gold also witnessed a fall of Rs 50, with the yellow metal selling at Rs 57,750.
 "Gold falls Rs 50, silver jumps Rs 300; yellow metal trading at Rs 63,000")
Gold, silver prices unchanged; yellow metal trading at Rs 63,050/10g
The price of 22-carat gold remained stable, with the yellow metal selling at Rs 57,800
 "Gold, silver prices unchanged; yellow metal trading at Rs 63,050/10g")
