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Cabinet approves Gold Monetisation & Gold Bond Schemes

India Infoline News Service | Mumbai | September 09, 2015 13:43 IST

The objective of introducing the modifications in the schemes is to make the existing schemes more effective and to broaden the ambit of the existing schemes from merely mobilizing gold held by households and institutions in the country to putting this gold into productive use.

Gold continues to decline as traders awaited timing of US-rate hike

India Infoline News Service | Mumbai | September 04, 2015 16:06 IST

With spot gold remaining almost the same with minimal change at $1,125.31 an ounce by 0040 GMT, after losing about 1 percent in the last two sessions, gold prices dipped from a two-day losing streak on Friday, says a Reuters report.

Gold should form part of every portfolio from a risk reduction perspective

Mumbai | August 28, 2015 15:39 IST

Elevated portfolio volatility, to our mind, is the biggest threat to goal oriented portfolios since it has the potential of distracting attention from the goal.

Gold demand fell in a challenging quarter, but smoother path ahead: World Gold Council

India Infoline News Service | Mumbai | August 13, 2015 10:28 IST

Gold demand declined to 914.9t in the second quarter a 12% year-on-year drop as consumers faced a number of challenges. Jewellery demand came under pressure from negative consumer sentiment, while investment was undermined by stock market gains and a lacklustre price environment.

Gold prices recover in India, globally amid Chinese jitters

India Infoline News Service | Mumbai | August 13, 2015 08:40 IST

Standard gold touched INR 26,000 per 10g, a level not seen since July 17, but prices slipped on profit booking by stockists. Gold closed at INR 25,900 per 10g, a rise of INR 380 from Tuesday.

Gold falls below Rs 25,000 to a new multi year low in India

India Infoline News Service | Mumbai | August 07, 2015 12:48 IST

Prices of gold in Singapore, which normally determines price trend in India is also trading at 5-year lows. The price fall in gold has not been sudden, since last year or so, the prices at global levels have been under constant pressure.

Gold demand at weakest since 2009; prices expected to stabilise in Q3

India Infoline News Service | Mumbai | July 28, 2015 15:49 IST

Q2 2015 physical gold demand was at its weakest since 2009, down 14% year-on-year as few markets reported increases and Chinese buyers stayed away from gold.Almost all major physical gold markets suffered in the second quarter as retail investment (demand for bars and coins) fell another 12% year-on-year and is now some 63% below the Q2 2013 peak.

Will lower gold price lead to high imports and pressure on rupee

India Infoline News Service | Mumbai | July 28, 2015 14:27 IST

Gold prices hovered near their weakest level since early 2010 on Tuesday, reflecting investor hesitation to bid up bullion amid growing expectations of a near-term hike in US interest rates.

Gold losing glitter! Is it the right time to purchase?

Mumbai | July 27, 2015 09:24 IST

The status of gold being a safe-haven is also now fading away as investors are looking at riskier investments or assets like equities. There is a possibility of gold even coming down to Rs 21,000 levels per 10 grams, depending on how global factors play out.

All that glitters might not be gold for your portfolio

India Infoline News Service | Mumbai | July 24, 2015 09:43 IST

To the astonishment of many market participants and economists, gold has been falling for last 10 consecutive days and this is the longest losing streak for gold in last 20 years.

Cabinet nod for Gold monetisation scheme soon?

India Infoline News Service | Mumbai | July 23, 2015 15:45 IST

A person or institution holding surplus gold can get it valued by BIS-approved hallmarking centres, open a gold savings account in banks for a minimum period of one year and earn interest in either cash or gold units, as per the guidelines

Gold returns to the spotlight amid Asian stock slump

India Infoline News Service | Mumbai | July 10, 2015 08:52 IST

The tensions in Europe have helped push the risky assets south, but although wed usually expect gold to gain from its safe haven value, it was in fact dipping earlier this week, with the strength of the US dollar mostly to blame.

Gold recovers losses, climbs above 3.5 months low

India Infoline News Service | Mumbai | July 03, 2015 20:49 IST

Spot gold pared losses after US economic data, which was steady at $1,166.60 an ounce by 0331 GMT but dipped $1,156.85 on Thursday, said a report.

RBI to issue sovereign gold bonds

India Infoline News Service | Mumbai | June 19, 2015 15:49 IST

"An indicative lower limit of 2 percent may be given, but the actual rate will have to be market determined," a draft from the government added adding that "on maturity, the investor receives the equivalent of the face value of gold in rupee terms".

Gold imports up 10.5% in May

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

The gold imports grew 78.33 per cent to $3.13 billion in April 2015. In November last year, RBI had cancelled the 80:20 scheme.

Bank of China enters LBMA gold price auction

India Infoline News Service | Mumbai | June 17, 2015 09:47 IST

BOC joins Goldman Sachs, UBS, Barclays, HSBC, Bank of Nova Scotia, Societe Generale and JP Morgan to set the gold price

Gold slips ahead of U.S. Fed meet

India Infoline News Service | Mumbai | June 16, 2015 18:54 IST

A looming Greek crisis failed to trigger sustained flight to safety demand. U.S. economic data on Monday showed softness in industrial production, contrasting with recent upbeat data.

Dollar weighs heavy, as gold prices ease

India Infoline News Service | Mumbai | May 27, 2015 14:49 IST

Spot gold dropped to a two-week low of $1,185.35 an ounce earlier and was down 1.6 per cent at $1,187.59 by 1413 GMT.Post the data displayed increasing US business investment spending plan twice, US gold futures for June delivery were down $16.70 at $1,187.30 an ounce.

Gold continues to be weak amidst speculated rise of interest rates by Feb

India Infoline News Service | Mumbai | May 26, 2015 20:43 IST

Globally, markets have been influenced by indications of Federal Exchange of US to tighten the monetary policy. It is expected that the interest rates will rise this year.

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Recent Reports

Stability in US and Europe to aid export growth

India Infoline Research Team / 10:47, Aug 24, 2015

In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.