India Infoline News Service | Mumbai | November 04, 2015 16:56 IST
The Reserve Bank of India has fixed the public issue price at Rs 2,684 per gm for the sovereign gold bonds, for which applications will be accepted from November 5 to 20.
Mumbai | October 16, 2015 12:46 IST
The trade deficit could widen again over the next few months given headwinds from external demand and strengthening urban consumption.
ForexTime.com | Mumbai | October 06, 2015 10:27 IST
There does seem to be an improved sentiment when it comes to the global markets as we enter the final quarter of the year, which is a substantial contrast when you take into account the excessive downside pressures which they were facing at the end of the previous quarter.
Mumbai | October 05, 2015 23:56 IST
However, post the policy, Fed Chair Yellen, underlined her case that raising rates will be appropriate later this year bringing back the uncertainty and pulling gold lower. All in all, we saw gold price decline by -1.7% for the month amidst the fed induced volatility.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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".
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.