Gold loses for a second week as Fed continues with hawkish stance
It was a challenging week for commodities and gold was not left unaffected. Gold wavered between gains and losses and ended the week with a modest gain of 0.6%. Gold…
Fed rate hikes and strong US greenback sent gold to multi-month lows
Gold lost its glitter due to a strong US greenback and hints of more interest rate hikes from the US Federal Reserve that pushed investors away from the precious yellow…
Govt allows certain gold imports through India International Bullion Exchange IFSC
The government on Wednesday permitted qualified jewellers to import certain kinds of gold including certain unwrought forms through India International Bullion Exchange IFSC Ltd. The changes were notified by the…
India’s gold imports surge nearly 8 times in September as prices drop: Source
India's gold imports in September soared 658% from last year's lower base as a correction in local prices to the lowest level in nearly six months prompted jewellers to step…
Swiss gold exports to India surges to 5-month high in August
Swiss exports of gold to India jumped to a five-month high in August while shipments to China fell, Swiss customs data showed on Tuesday. Switzerland is the world's largest bullion…
Swiss gold exports to India plunged in May as coronavirus cases surged
Swiss exports of gold to India plunged in May, Swiss customs data showed, as the world's second-biggest bullion consumer grappled with a surge in coronavirus infections. Shipments from Switzerland to…
Traders in Mumbai’s Zaveri Bazaar stop selling jewellery against credit to retail jewellers
Traders at Mumbai's Zaveri Bazaar, reeling under sales depleted by the Covid-19 pandemic and rising gold prices, have stopped selling jewellery against credit to the retail jewellers. They are insisting…