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India may stop refined gold imports in next five years, say experts

Import of refined gold might stop in three to five years, claim experts. At present, India’s annual gold consumption is about 800-900 tonnes, of which about 750 tonnes is imported. However, domestically refined gold has been becoming more and more important.“India will stop importing gold in five years,” said Rajesh

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Gold expected to perform well in 2019

Last fortnight gold fell near two week lows. It was heading for its biggest weekly fall in nearly four months on 28th Feb. A strengthening dollar backed by rising equities created pressure on the yellow metal. Better sentiment on the stock markets and a reluctance by the physical gold investors

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Vietnam:Gold shops prepare for sales surge

Gold demand is expected to surge today, the God of Wealth Day which falls on the 10th day of the lunar year.Legend has it that the god returns to heaven on this day every year, and people think buying some gold brings good luck and prosperity throughout the year.Gold and

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Gold holds firm on trade, growth worries; heads for weekly fall

Gold held steady on Friday on worries that a prolonged Sino-US trade war could worsen global economic slowdown, but a strong dollar put bullion on track for its first weekly loss in three. Spot gold was steady at $1,309.34 per ounce, as of 0320 GMT, after the metal hit its

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Govt proposes national gold spot exchange, seeks to organise trade

The government proposes to set up a single spot exchange for gold, finalising a method to organise the yellow metal's trade a year after the idea was mentioned in the 2018-19 Budget.The electronic exchange will oversee trade right from import, said a source privy to the development. Details on structuring

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Gold futures up 0.15 per cent on positive global cues

Gold futures were trading higher by 0.15 per cent at Rs 32,595 per 10 gram Tuesday as traders raised bets amid positive cues from global markets. Gold to be delivered by February was trading higher by Rs 48, or 0.15 per cent, at Rs 32,595 per 10 gram in a

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Gold prices held steady at Rs 33,210

Gold prices held steady at Rs 33,210 per 10 gram at the bullion market on Thursday in scattered deals even as the precious metal weakened overseas, according to the All India Sarafa Association. Silver prices, however, turned weak and fell by Rs 210 to Rs 39,950 a kg due to

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India’s Gold Bar Imports Collapsed 21% in Dec ‘18

The Gem & Jewellery Export Promotion Council (GJEPC) sponsored by the Indian Ministry of Commerce and Industry published provisional figures of gems and jewellery items for the month of December 2018. The data indicates significant decline in monthly imports of gold bar by the country. However, the combined gold bar

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Gold futures up Rs 167 on positive global cues

Gold prices rose by Rs 167 to Rs 32,095 per 10 gram in futures trade Monday as speculators widened their bets, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 167, or 0.52 per cent, to Rs 32,095 per 10 gram,

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Gold and Silver Reports

Gold prices rise on safe-haven demand amid global growth concerns

Gold prices rose on Wednesday on demand for safer investments amid falling equity markets and concerns over the outlook for global economic growth. Spot gold rose 0.1 percent to $1,283.61 an ounce as of 0452 GMT, near a six-month high of $1,284.09 reached on Monday. U.S. gold futures rose 0.3

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