2016 October

Bullion India, an innovative alteration.

There is a silver lining to the decline in gold prices A clear sign that buyers are back is the increase in sales being witnessed across the bullion and jewellery industry. With a view to provide an easy and convenient way to buy gold and silver, Bullion India has created

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Gold steady on subdued stocks, set for second weekly gain

Gold prices held steady on Friday amid a flat dollar and subdued Asian stocks, with the metal staying on track for its second straight weekly gain. FUNDAMENTALS Spot gold was little changed at $1,268.31 per ounce at 0111 GMT. The safe-haven asset is up about 0.2 percent so far this

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Gold refineries resume operations as discount ends

Import of dore (unrefined gold) has increased and the metal’s refineries have resumed normal business, with the end of discount in the import price. Till a fortnight earlier, the prices quoted in India were at a discount of one to five per cent to the import one. That discount has

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Make your gold purchase count this Diwali, but no jewellery please!

Dhanteras and Diwali – India’s most eagerly-awaited festivals – are around the corner, giving us the opportunity to indulge in various pleasures such as sweets, shopping, socialising, gifting, and most of all – buying gold. The tradition of buying gold during Diwali has continued over thousands of years, and for

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6th gold bond tranche at discount, less interest

The sixth tranche of the sovereign gold bond scheme will open from Monday, at yearly interest of 2.5 per cent, less than the 2.75 per cent of previous tranches. However, the bonds have been offered at a discount. “The issue price will be Rs 50 a gramme less than the

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Jewellers See Festive Demand Rising 10-20% this Year

Jewellers are offering discounts of up to 50% on making charges to attract consumers in the ongoing festive season in the hope that the surge in rural demand will more than make up for the almost 10% higher gold prices this year, high import duties and a closer watch by

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Gold steady on weaker dollar, firmer stocks cap gains

Gold prices held steady on Tuesday as the U.S. dollar weakened, while rebounding equities capped gains. FUNDAMENTALS * Spot gold was mostly flat at $1,256 an ounce by 0100 GMT. * U.S. gold futures were also mostly unchanged at $1,256.80 an ounce. * The dollar index , which measures the

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Gold, silver extend losses on weak global cues, low demand.

New Delhi: Gold continued to slide for the second straight day on Saturday as prices fell by Rs.50 to Rs.30,250 per 10 grams at the bullion market, tracking a weak global trend amid tepid demand from jewellers. Silver too followed suit and lost Rs.150 to Rs.42,200 per kg. Bullion traders

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Jewellery sales up 25-30% on sharp fall in gold prices

There has been a dramatic change in the sentiment in thejewellery market in the last few days with jewellers witnessing a 25-30 per cent increase in sales on a sharp decline in the price of gold. Standard gold in Zaveri Bazaar declined by 4.34 per cent, or Rs 1,335, over

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Gold discount shrinks to 5-month low

Gold demand seems to be picking up as prices have started moderating. This is reflected in the falling discount to the cost of import, now at a five-month low of $4.5 per ounce. Three months earlier, the discount in official trade was as high as $45; in the cash or

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