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Gold price extends weakness on global cues, low demand Gold price extends weakness on global cues, low demand
Continuing its losing streak for a third straight session, gold prices plunged by Rs 260 to Rs 26,415 per ten grams at the bullion market Thursday, tracking a weak global trend amid low demand by jewellers and retailers.
Gold price holds near four-week low as fund outflows, US data weigh Gold price holds near four-week low as fund outflows, US data weigh
Gold languished near a four-week low on Thursday, retaining sharp overnight losses, as strong U.S. economic data and outflows from bullion-backed exchange traded funds sapped investor interest.
Govt approves Gold Bond, Gold Monetisation schemes Govt approves Gold Bond, Gold Monetisation schemes
Through the Gold Monetisation Scheme, gold in any form can be deposited with banks for a period of one to 15 years that will earn interest while redemption will be at the prevailing value at the end of the tenure.
Gold price remains weak on sluggish demand; silver recovers Gold price remains weak on sluggish demand; silver recovers
Gold prices declined further by Rs 25 to Rs 26,675 per ten grams at the bullion market Wednesday owing to slackened demand from jewellers and retailers even as the metal strengthened overseas.
India lures gold investors with govt bond, monetisation plan India lures gold investors with govt bond, monetisation plan
India will soon launch a sovereign gold bond and a scheme to mobilise tonnes of the metal stored in households, the finance minister said, a move that mainly seeks to wean investors away from physical gold and cut massive imports.
Gold deposit and bond schemes: Key facts you should know Gold deposit and bond schemes: Key facts you should know
Highlights of the two gold schemes approved at a Cabinet meeting chaired by Prime Minister Narendra Modi.
India unveils two gold schemes for deposits, sovereign bonds India unveils two gold schemes for deposits, sovereign bonds
In a bid to tap the vast amount of idle gold with people and put it to productive use, two schemes were on Wednesday unveiled by the Indian government -- one on physical deposit of the metal against its rupee value on paper and the other for issuing sovereign bonds.
Now, get tax-free interest on gold deposits Now, get tax-free interest on gold deposits
The Cabinet on Wednesday approved the gold monetisation scheme, which proposes to offer tax-free interest to individuals on depositing the yellow metal with banks.
Gold, silver ease on global cues, fall in demand Gold, silver ease on global cues, fall in demand
Amid weak global cues and slackened demand from jewellers and retailers, gold prices drifted by Rs 140 to Rs 26,700 per ten gram at the bullion market Tuesday.
Gold recovers Rs 110 at Rs 26,840 on jewellers buying Gold recovers Rs 110 at Rs 26,840 on jewellers buying
However, silver eased Rs 325 to Rs 35,250 per kg due to reduced offtake by industrial units and coin makers.
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