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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
Many a time, our policy makers confuse speculation with manipulation. They put too many restrictions that curb even healthy speculation. I h...