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.
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
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.
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 Research Team / 10:30, Jul 13, 2015
Tourism Finance Corp (TFCIL), a niche financier of tourism related projects and activities, has witnessed a sharp moderation in loan growth from 32% in FY12 to just 1% in FY14