London | April 24, 2014 21:46 (IST)
Gold erased earlier losses on Thursday, as new signs of an escalation in tensions in Ukraine hit global stock markets, bolstering the metal's appeal as an insurance against risk.
April 24, 2014 21:01 (IST)
Selling accelerated after prices broke through chart support at $1,275 an ounce, sending spot gold to its lowest since Feb. 10 at $1,268.24 an ounce.
New Delhi | April 24, 2014 20:31 (IST)
India is set to pay Iran $1.65 billion over the next three months under an interim nuclear deal that eases sanctions on Tehran and gives it access to $4.2 billion in blocked funds, four sources with knowledge of the matter said.
New Delhi | April 24, 2014 16:25 (IST)
Stocks continue to outshine gold and silver when it comes to adding to investors' wealth by giving returns of 8 per cent so far this year.
New Delhi | April 24, 2014 14:17 (IST)
Continuing its rising streak for a third day, gold gained by Rs 150 to Rs 30,590 per 10 grams in the national capital on Thursday on sustained buying by stockists and jewellery fabricators amid a firming global trend.
New York/London | April 23, 2014 22:51 (IST)
Gold edged up on Wednesday from a 2-1/2-month low hit in the previous session as a softer tone to equities and the dollar helped arrest its slide, though the metal is vulnerable to further losses as investor demand remains slack.
April 23, 2014 17:25 (IST)
Bullion merchants said sustained buying by stockists on the back of pick-up in seasonal demand and a firm global trend mainly led to the rise in gold and silver prices.
Singapore | April 23, 2014 13:16 (IST)
The metal was also weighed down by US data that showed home prices rose in February and existing home sales were a bit stronger than expected. A solid economic recovery would hurt gold's appeal as an alternative investment.
Singapore | April 23, 2014 10:25 (IST)
A downturn in factory activity in the world's second-biggest oil consumer was expected - the fourth straight month of contraction - but analysts also saw initial signs of stability due to government efforts to underpin growth.
London | April 22, 2014 21:11 (IST)
Gold extended losses for a fourth straight day on Tuesday as outflows from physical gold funds pointed to weak investment appetite, though a retreat in the dollar took some pressure off prices.
April 22, 2014 20:51 (IST)
In a statement, the Vedanta Group firm said that the apex court has held that all mining leases in Goa, including those of Sesa Sterlite, have expired in 2007 and hence, no mining operations can be carried out until renewal/execution of mining lease deeds by the state government.
April 22, 2014 18:45 (IST)
The Supreme Court lifted a 19-month old ban on mining in Goa on Monday, a move that will put more pressure on global prices although it capped annual output in the state at 20 million tonnes.
April 22, 2014 16:53 (IST)
Lower imports by the world's No.2 buyer of gold after China could hurt a recovery in global prices of the precious metal after a sharp 28 percent drop last year.
New Delhi | April 22, 2014 15:32 (IST)
Silver followed suit and gained Rs 230 to Rs 42,830 per kg on increased offtake by industrial units and coin makers.
Singapore | April 22, 2014 13:11 (IST)
US and European officials say they will hold Russia responsible and impose new economic sanctions if separatists do not leave government buildings they have occupied across swathes of eastern Ukraine. While the region is not key to global oil supplies, investors are worried that tensions between Russia and the west could worsen and rattle markets.
New Delhi | April 22, 2014 11:48 (IST)
Analysts said weakness in the overseas markets, where gold dipped to over two-week low on signs of an improving US economy as assets in the largest exchange-traded product sank to a 12-week low, put pressure on the precious metal prices at futures trade.
Panaji | April 21, 2014 22:35 (IST)
The top court today allowed an annual cap of 20 million tonnes of iron ore to be extracted in Goa which was banned by it in the state for nearly one-and-a-half years.
April 21, 2014 21:47 (IST)
India's economic growth has almost halved to below 5 percent in the past two years on weak investments and consumer demand, the worst slowdown for the south Asian nation since the 1980s.
April 21, 2014 21:21 (IST)
The government had raised the duty three times taking it to 10 per cent in August last year and also made it mandatory to export 20 per cent of the total gold imported.
April 21, 2014 17:19 (IST)
A bench comprising justices A K Patnaik, S S Nijjar and F M I Kalifulla, however, said expert panel will give final a recommendation on annual cap on excavation of iron ore within six months.