Shaken investors to stay away from gold as confidence shatters

Last Updated: Wednesday, July 22, 2015, 21:16

The slide was reminiscent of gold`s dramatic retreat in the second quarter of 2013, when prices fell nearly USD 200 in just two days in April, and another 11 percent in June.

Cabinet to take up Gold Monetisation Scheme in few weeks

Last Updated: Wednesday, July 22, 2015, 15:22

The scheme proposes to offer tax-free interest to individual on depositing the yellow metal with banks.

Gold slides to 2-year low of Rs 25,700 on weak global cues

Last Updated: Monday, July 20, 2015, 16:05

Silver also fell further by Rs 150 to Rs 34,200 per kg on lack of buying support from industrial users and coin makers.

Govt weighs sovereign gold bonds to keep tabs on imports

Last Updated: Friday, June 19, 2015, 11:11

The government is planning to issue sovereign gold bonds linked to the price of the yellow metal, a proposal aimed at reducing demand for gold and control trade deficit.

India proposes gold-linked bonds to lower bullion imports

Last Updated: Friday, June 19, 2015, 09:32

The country consumes nearly 1,000 tonnes of gold every year, most of it imported, and gold is the second-biggest expense on the import bill after oil.

Jewellery retailers may see 12% revenue growth in FY16: Ind-Ra

Last Updated: Thursday, June 18, 2015, 20:02

Gems and jewellery retailers are likely to outshine exporters by registering up to 12 percent growth in revenue on rising domestic demand this fiscal year, India Ratings and Research (Ind-Ra) Thursday said.

Muthoot Fincorp plans gold recycling centres across country

Last Updated: Sunday, May 24, 2015, 12:16

Muthoot will be approaching the government seeking permission for private players to do hallmarking and recycling as the 350 BIS-authorised hallmarking centres cannot take the load if the scheme becomes a success.

Fall-off in Indian weddings bodes ill for jewellers, gold

Last Updated: Sunday, May 24, 2015, 08:33

Kerala uses up to 400 grams of gold per wedding, or 80 tonnes each year - which is about 10 percent of the country`s total consumption in 2014.

Now, get tax-free interest on gold deposits

Last Updated: Wednesday, May 20, 2015, 14:32

The draft gold monetisation scheme also provides for incentives to the banks, while individuals and institutions can deposit as low as 30 gms of gold, while the interest earned on it would be exempt from income tax as well as capital gains tax.

Jewellery exports flat at Rs 2.43 lakh crore in FY15

Last Updated: Thursday, April 23, 2015, 17:04

India's gems and jewellery exports in FY 2014-15 remained almost flat at Rs 2.43 lakh crore owing to downturn in China and political unrest in the Middle East, the major markets of Indian jewellery.

Rising gold imports no cause for alarm: Kher

Last Updated: Wednesday, April 22, 2015, 14:29

The government on Wednesday said rising amount of gold imports is no cause for an "alarm" and action will be taken at an appropriate time.

Akshaya Tritiya: People rush to buy gold; jewellery sales up 10-20%

Last Updated: Wednesday, April 22, 2015, 09:17

The craze for gold was on full display Tuesday, especially in the South, on Akshaya Tritiya, as people rushed to buy the metal, pushing jewellery sales up by 10-20 percent although prices fell across major cities, except Chennai.