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After coal and spectrum, government now plans to auction copper mines

India Infoline News Service | Mumbai | November 26, 2015 16:22 IST

The new national exploration policy is likely to be firmed up by January next year by the government which is eager to attract private investment in exploration, said Balvender Kumar, Ministry of Mines.

Gold dips to multi-year lows amid US rate hike conecrns

India Infoline News Service | Mumbai | November 26, 2015 16:11 IST

Post dipping by 0.4 per cent on Wednesday, spot gold XAU, being at USD 1,070.80 an ounce by 0031 GMT, remained unchanged.

Rupee - denominated Masala Bonds to help Indian companies reduce interest burden

India Infoline News Service | Mumbai | November 24, 2015 13:25 IST

If investors want to hedge against the risk, then that will cost extra and net returns from bond will be further lowered.

Precious indeed! Gold demand climbs 8% yoy in Q3 2015

India Infoline News Service | Mumbai | November 13, 2015 08:34 IST

Overall jewellery demand for Q3 2015 was 632t compared to 594t in Q3 2014, up 6% year-on-year. Consumers in India, China, the US and the Middle East took advantage of lower prices in July and August.

Gold Monetization Scheme! Will it solve the CAD problem?

India Infoline News Service | Mumbai | November 10, 2015 12:20 IST

Currently, all of Indias new demand for gold is met by imports, as gold is not mined domestically in significant quantities. Currently, gold imports contribute almost 1.7% to the GDP.

Fallen gold may help Indias Diwali and monetisation plan shine

India Infoline News Service | Mumbai | November 09, 2015 12:31 IST

The Indian government seems to think so, since they are betting that their people are willing to part with their precious metal to earn just 2.5% interest. Last Thursday, Prime Minister Narendra Modi launched three programmes aimed at reducing physical gold demand and luring tonnes of gold from households into the banking system.

Will Sovereign Bonds open a new chapter in Gold buys?

India Infoline News Service | Mumbai | November 06, 2015 16:16 IST

The new scheme comes with a host of benefits, albeit without the risk that often comes with keeping gold as an asset. Its also a way forward to convert the gold lying idle in households into a productive asset.

All in the glitter! Govt launches three Gold Schemes

India Infoline News Service | Mumbai | November 05, 2015 11:56 IST

With an objective of monetising the gold lying in personal possession, bank lockers and deposit boxes, the government has introduced the gold monetisation scheme.

Government reviews availability of pulses in a high level meeting

India Infoline News Service | Mumbai | October 20, 2015 09:16 IST

Cabinet Secretary directed that all the 400 outlets of Kendriya Bhandar and Safal in Delhi should start distributing imported Tur dal immediately. Over 100 Kendriya Bhandar and Safal outlets have already commenced distribution of imported Tur dal in Delhi at Rs.120/- per kg.

Fall in commodities may be a double-edged sword for Indian economy: Radhika Rao, DBS Bank

India Infoline News Service | Mumbai | October 19, 2015 14:34 IST

Experts think that if weakness in export activities prevails for some more time, it can delay the global economic recovery. However, Rao thinks that India is not an exception at this point as all the Asian countries are facing a slowdown in export activities.

Mega Rally! Glencore Plc surges 72% on Hong Kong Exchange

India Infoline News Service | Mumbai | October 05, 2015 11:41 IST

Glencore Plc has rallied as much as 72% on the Hong Kong Stock Exchange, after reports emerged that the commodities giant is planning to pare its debt by selling its agri business.

Massive Selloff! Glencore plummets to historic lows, then bounces back

India Infoline News Service | Mumbai | September 30, 2015 15:23 IST

The shares of the company plummeted 29%, with spiralling effect being observed in the Australian market, espcially for the companies in the mining sector. Glencores share price has fallen 43 per cent in the last month and 71 per cent since the start of the year.

Sohan Lal Commodity raises Rs. 100 crore of PE Funding

India Infoline News Service | Mumbai | September 29, 2015 13:44 IST

SLCM has already been backed by private equity funds Everstone Capital, Mayfield Advisors, Nexus Venture Partners and Emerging India Fund of ICICI, in prior successful rounds of funding.

Global markets under heavy pressure

India Infoline News Service | Mumbai | August 25, 2015 09:21 IST

Gold is continuing to power through and build on its impressive rally following the shocks from China and the uncertainty that this could encourage the Federal Reserve to distance itself away from its repeated commitment to begin raising US interest rates in 2015.

SEBI Board approves new norms for commodity derivatives

India Infoline News Service | Mumbai | August 25, 2015 08:39 IST

The new regulations will be effective September 28, the date from which SEBI would begin regulating the commodity derivatives market.

Golden week for precious metals

India Infoline News Service | Mumbai | August 21, 2015 16:03 IST

Singapore has, as usual, been the favourite vault of choice for customers, with some interest in Canada, but its not been all golds glory. Silver has also done well and platinum is back up over its thousand dollar level.

Govt hikes tariff value on imported gold, silver

India Infoline News Service | Mumbai | August 17, 2015 15:14 IST

The import tariff value of gold and silver was stood at $354 per 10 grams and $498 per kg, respectively.

Gold losing its shine

India Infoline News Service | Mumbai | August 08, 2015 13:06 IST

The month of July proved to be a nightmare for the commodities complex in general. Gold prices also declined significantly

Oil prices up for yet another session

India Infoline News Service | Mumbai | August 05, 2015 11:20 IST

Oil after rising from its multi-months low in previous trading sessions extended gains in todays session in spite of weakness in No. 2 oil consumer Chinas stock market.

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