2017 June

Gold, silver trade in red ahead of speech by Fed’s chairwoman; should you buy?

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On June 27, 2017

  Gold and silver were trading in red in morning trade on Tuesday with investors looking to a speech by the US Federal Reserve Chair Janet Yellen later in the day for clues on the outlook for US monetary policy. Meanwhile, the subdued demand for precious metals from jewelers, industries,

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Gold steady ahead of US data this week, weaker dollar supports

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On June 26, 2017

Mumbai: Gold prices were little changed on Monday as the market waited for a flurry of key U.S. economic data this week, with a weaker dollar offering some support. FUNDAMENTALS * Spot gold was nearly flat at $1,256.06 per ounce at 0050 GMT, staying near a one-week high hit on

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GST is a week away: How to time your buys to have best of two tax regimes

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On June 23, 2017

  Despite skeptics raising doubts about smooth transition of existing tax regime to Goods and Service Tax structure, the stage is set for GST roll out on July 1 from midnight. A special session of Parliament too has been convened for the launch of GST. All states except Jammu and

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Gold price india, silver inch higher in morning trade

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On June 21, 2017

Mumbai: Gold and silver were trading higher in morning trade on Wednesday on account of buying in precious metals from jewelers, industries, and retailers. MCX Gold was up 0.35 per cent, or Rs 101, at Rs 28,627 per 10 gram around 10.45 am (IST), while MCX Silver was up 0.38

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Online Gold Price in india in red on strong dollar

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On June 20, 2017

Gold was trading in red in morning deals on Tuesday following muted demand from local jewellers. MCX Gold was down 0.07 per cent, or Rs 19, at Rs 28,523 per 10 gram around 10.30 am (IST). In the international markets, gold fell to nearly five-week low on Monday following firm

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Gold edges down on firm dollar Dudley's comments awaited

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On June 19, 2017

June 19, 2017:  Gold slipped on Monday on a firm dollar as markets awaited comments by a top Federal Reserve official for clues on whether recent strength can be sustained, after last week's soft economic data. Spot gold was down 0.1 percent at $1,252.21 per ounce, as of 0127 GMT. US

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GST: Banks may stop gold imports on own account

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On June 15, 2017

  A near-term supply bottleneck stares at the gold trade in its face till the government clarifies an issue faced by banks importing bullion on account of GST, says an official of India Bullion & Jewellers Association (IBJA). India on an average imports 600-800 tonnes of gold annually. This is

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GOLD PRICES CONSOLIDATE AHEAD OF TODAY’S KEY EVENTS

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On June 8, 2017

[caption id="attachment_3829" align="aligncenter" width="300"] gold price in india today, 1 gm gold price in india[/caption] Gold prices are little changed at $1,285.40 per oz this morning, while the other more industrial precious metals prices are up between 0.2% for silver and 0.9% for palladium, again this was after a down

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Gold rate today: Check out price and market outlook

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On June 6, 2017

[caption id="attachment_3823" align="aligncenter" width="600"] gold price today, gold price today in india, gold price today in hyderabad, gold price today in chennai[/caption] Gold touched its highest in more than six weeks on Tuesday as Asian stock markets and the U.S. dollar weakened ahead of a UK national election and a

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All you should know about 3% GST on gold, silver and processed diamonds

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On June 5, 2017

  Bullion India News: India will tax gold at a rate of 3 percent under a new nationwide sales tax that comes into effect on July 1, the government said on Saturday. The Goods and Services Tax (GST) on gold, which was lower than industry expectations of around 5 percent, will

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