Mumbai | July 27, 2014 16:08 (IST)
The premiums on gold is currently ruling at $6-10 an ounce in the domestic market, he said.
July 25, 2014 22:06 (IST)
Premiums on gold in India nearly halved in the latest week as higher supplies and low domestic demand in a seasonally slack period weighed, while appetite for the precious metal in rest of Asia picked up slightly as prices dipped below $1,300 an ounce.
Written By: Ramarko Sengupta | July 25, 2014 19:17 (IST)
The Kotak report counts 1,17,000 Indians as super rich and defines the term to mean any household worth over $250 million or Rs 1,500 ($1=60).
July 25, 2014 18:57 (IST)
National Commodity & Derivatives Exchange Ltd (NCDEX) has said it is introducing a comprehensive hedge policy for commodity markets.
July 25, 2014 17:00 (IST)
A high-level panel has deferred green nod to production capacity expansion of Sasan Power's two coal mining projects in Madhya Pradesh for want of details like revised mine closure plan.
July 25, 2014 16:43 (IST)
Gold prices rose by 0.41 per cent to Rs 27,880 per 10 grams in futures trade on Friday as speculators engaged covering-up their pending short positions even as metal weakened overseas.
July 25, 2014 15:48 (IST)
India will not raise the import duty on sugar for now, Minister of State for Finance Nirmala Sitharaman said on Friday, a month after the food minister said there was a consensus to raise the tax to 40 per cent from 15 per cent.
July 25, 2014 15:16 (IST)
Gold remained under pressure for a second straight day and declined by Rs 100 to Rs 28,100 per 10 grams in the national capital on Friday, on weak cues from global markets and subdued demand from jewellers.
July 25, 2014 15:16 (IST)
Gold imports in 2013-14 stood at 638 tonnes, a decline of 25 per cent over the previous fiscal, Parliament was informed on friday.
July 25, 2014 12:55 (IST)
India, desperate to trim a gaping current account deficit, took a slew of measures last year to curb demand for bullion, its second-biggest import after oil.
July 24, 2014 15:15 (IST)
Gold prices declined by Rs 160 to Rs 28,200 per 10 grams in the national capital on Thursday on emergence of selling by stockists amid a weak global trend.
New Delhi | July 24, 2014 12:31 (IST)
Gold futures fell 0.42 per cent to Rs 27,764 per 10 grams today as speculators trimmed positions, tracking weak global trend.
Singapore | July 24, 2014 11:27 (IST)
Physical demand in the region, however, increased slightly on the lower prices, with premiums in the biggest bullion consumer China edging up on buying interest.
Mumbai | July 23, 2014 19:33 (IST)
The All India Gems and Jewellery Trade Federation (GJF) has urged the government to roll back customs duty in phases by four per cent and curb only "beyond optimum" gold required to manufacture jewellery.
New Delhi | July 23, 2014 18:35 (IST)
Turnover of commodity exchanges declined by over 62 per cent to Rs 17.25 lakh crore till July 15 of the current fiscal due to poor trading volumes in almost all commodities, Forward Markets Commission (FMC) said today.
July 23, 2014 16:05 (IST)
Gold rebounded by Rs 160 to Rs 28,360 per 10 grams in the national capital on Wednesday on increased buying by jewellers and retailers to meet the upcoming festive season demand.
July 23, 2014 15:12 (IST)
India, Iran's top oil client after China, raised the imports to some of the highest levels in nearly two years in the first quarter, partly to make up for deep cuts in 2013 due to the lack of insurance coverage for refineries processing Iranian oil.
New Delhi | July 23, 2014 13:56 (IST)
India is diversifying its sources of crude oil imports to reduce dependence on any one region, Oil Minister Dharmendra Pradhan told Rajya Sabha on wednesday.
Singapore | July 23, 2014 11:27 (IST)
But sluggish physical demand in Asia in the seasonally quiet summer period could weaken support for any price rally and even fail to provide a floor if prices were to decline.
July 23, 2014 09:59 (IST)
The Reserve Bank has relaxed the limit of loan that banks can sanction against the pledging of gold ornaments and jewellery.