The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bengaluru, Chennai and Hyderabad at Rs 80,400
The price of 22-carat gold also witnessed a drop of Rs 10, with ten grams of the yellow metal selling at Rs 73,840
The government on Friday revised norms related to the permissible amount of wastage with regard to the export of gold, silver and platinum jewellery. The wastage norms are the permissible amount of gold or silver that can be lost during the manufacturing process of jewellery for export. An industry official said the wastage norms have been slightly adjusted from the earlier norms, released on May 27, after the industry urged the government to look into the issue. The industry had expressed concerns over the May rules which reduced the wastage norms across jewellery categories. After their concerns, the Commerce Ministry deferred the implementation of those rules till December 2024. Now, the ministry has come out with the revised norms again, which have been welcomed by the industry. "The wastage permissible and standard input-output norms with regard to export of jewellery have been revised," the Directorate General of Foreign Trade said in a public notice. The new norms will be
India's market cap rose by Rs 124 trillion to Rs 445 trillion. International prices of gold and silver gained 43 per cent and 50 per cent, respectively
Gold and silver ETFs from Nippon India Mutual Fund, the largest in the category, alone recorded a combined volume of Rs 228 crore
Silver rate: The metal is expected to be highly volatile and choppy as this week is packed with crucial data out of both China and the US, and the next week will be about the US presidential elections
Dhanteras 2024: Quick commerce platforms are offering 10-min delivery of gold from major jewellers including Tanishq and Malabar amid the festive rush
The price of 22-carat gold also witnessed a drop of Rs 10, with ten grams of the yellow metal selling at Rs 73,140
A weaker US dollar and lower Treasury yields have enhanced the appeal of precious metals
This forecast comes as silver has already demonstrated remarkable growth in 2024, achieving gains of over 40% and surpassing the Rs 100,000 mark domestically
Gold has returned 23%, compared to 15% for the Nifty
Price of ten grams of 24-carat gold in Mumbai is Rs 79,460 which aligns with prices in Kolkata, Bangalore, Chennai, and Hyderabad
Price of ten grams of 24-carat gold in Mumbai is Rs 80,080 which aligns with prices in Kolkata, Bangalore, Chennai, and Hyderabad
Gold prices jumped by Rs 500 to an all-time high of Rs 81,500 per 10 grams while silver surged Rs 1,000 to Rs 1.02 lakh per kg
Industry experts predict a 10-12 per cent decline in sales volume compared to last year's Dhanteras
Silver rate today: Unless we see a sharp decline in gold or copper prices, silver is likely to trade with a bullish bias
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bangalore, Chennai, and Hyderabad at Rs 79,650.
Samvat 2081 outlook: Analysts believe the interplay of easing monetary policies globally, ongoing geopolitical conflicts, and the upcoming US presidential elections is poised to influence gold prices
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bangalore, Chennai and Hyderabad at Rs 78,990