Gold price extends weakness on global cues, low demand

Last Updated: Thursday, September 10, 2015, 15:37

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

Last Updated: Thursday, September 10, 2015, 13:44

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

Last Updated: Wednesday, September 9, 2015, 21:33

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

Last Updated: Wednesday, September 9, 2015, 18:11

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

Last Updated: Wednesday, September 9, 2015, 16:50

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

Last Updated: Wednesday, September 9, 2015, 16:04

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

Last Updated: Wednesday, September 9, 2015, 14:23

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

Last Updated: Wednesday, September 9, 2015, 13:18

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

Last Updated: Tuesday, September 8, 2015, 15:39

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

Last Updated: Monday, September 7, 2015, 15:20

However, silver eased Rs 325 to Rs 35,250 per kg due to reduced offtake by industrial units and coin makers.

Gold struggles near 2-1/2-week low on US jobs data

Last Updated: Monday, September 7, 2015, 08:16

Spot gold dropped 0.3 percent to $1,118.73 an ounce by 0040 GMT. The metal had fallen to $1,116.75 on Friday, the lowest since Aug. 19, posting a second straight weekly loss.

Gold price rebounds on renewed demand, seasonal support

Last Updated: Saturday, September 5, 2015, 15:55

Gold prices rose modestly after a three-day downtrend at the domestic bullion market here due to increased buying by stockists and jewellers ahead of the festive season.