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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.
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.
India Infoline News Service | Mumbai | May 25, 2015 20:54 IST
The dollar strengthened, trading at a month's high due to Fed's announcement of hiking the interest rates.
India Infoline News Service | Mumbai | May 20, 2015 20:28 IST
Ahead of the release of minutes from the last Federal Reserve meeting on interest rate policy, the markets were trading flat. The Fed's minutes gain special significance during the time of weak economic growth, and market experts expect that the rate hike that was predicted for June will not be followed through.
India Infoline News Service | Mumbai | May 19, 2015 16:51 IST
The 'Draft Gold Monetisation' scheme which has been put up by the government to obtain public comments, was introduced in the Budget session this year. Finance Minister Arun Jaitley had announced it in order to help investors earn money on the gold which they own.
India Infoline News Service | Mumbai | May 15, 2015 11:13 IST
In terms of GoldMoney customers, Roland says it has been a week of stability, Weve seen a low turnover with our customers looking to be holding on to their metal rather than seeing a big profit-taking sell-off.
India Infoline News Service | Mumbai | May 14, 2015 18:40 IST
With dollar losing strength equity markets declining, golds value and appeal as an alternative asset has upsurged majorly. The firm global trend witnessed gold rising its highest in the week which led to the steep rise in gold prices as per the Bullion traders.
India Infoline News Service | Mumbai | May 14, 2015 15:05 IST
Pockets of strength in jewellery were balanced by weakness elsewhere as demand responded to local conditions in each market. Higher volumes in India, the US and the smaller South-East Asian markets were set against declines in China, Turkey, Russia and the Middle East. The net result was a 3% year-on-year contraction in the sector.
India Infoline News Service | Mumbai | May 13, 2015 19:26 IST
A stronger dollar and the lack of safe-haven bids due to Greek debt crisis has marred gold pushing it below $1,200 an ounce on Tuesday, coupled by overnight trivial losses. Remaining unchanged, spot gold lost 0.3 per cent, standing at $1,182.83.
India Infoline News Service | Mumbai | April 24, 2015 09:30 IST
However, on the other hand, the continuing economic uncertainy in Greece is still giving some support to Gold. If Greece cant make its loan payments next month then an exit from the Eurozone is still on the cards and that will give gold a boost as a safe-haven asset amid the fallout in Europe.
India Infoline News Service | Mumbai | February 19, 2015 13:27 IST
The company would get the benefits of natural hedging of gold fully with a possibility of negative working capital, Titan says
India Infoline News Service | Mumbai | February 19, 2015 09:20 IST
Banks are now permitted to import gold on consignment basis. All sale of gold domestically will be against upfront payments. Banks are free to grant gold metal loans
India Infoline News Service | Mumbai | February 16, 2015 17:42 IST
Muthoot Finance offers maximum loan at minimum interest for gold loan customers
Indiaspend.org | Mumbai | January 05, 2015 10:58 IST
The government had hiked import duty on gold last year to check increasing current account deficit and sliding rupee.
December 26, 2014 15:03 IST
After the big sell off in gold in 2013, its price has since been consolidating for much of the year in a range with pivots at around the $1200 an ounce levels.
India Infoline News Service | Mumbai | November 21, 2014 17:44 IST
The Reserve Bank of India is in constant act of selling and buying gold in order to keep its reserves diversified.
Mumbai | November 18, 2014 14:10 IST
World Gold Council is expecting India to import around 850-950 tonne this year, a decline of maximum 13% from the last year's level of 975 tonne.
Mumbai | October 22, 2014 16:34 IST
Gold was in a bull run until the year 2012, and the average asset under management in gold ETFs peaked at INR 119 billion in Q1 2013, but since then it has declined.
Mumbai | October 17, 2014 12:20 IST
In September, the country's trade deficit soared as imports of gold in the country skyrocketed in preparation for the Diwali Festival.
India Infoline Research Team / 14:59, May 20, 2015
GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices