Gold Price Today, 12 September 2024: Gold Futures Rise Rs 86 To Rs 72,013/10G | Economy News

New Delhi: Gold prices on Thursday increased Rs 86 to Rs 72,013 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for October delivery traded higher Rs 86 or 0.12 per cent at Rs 72,013 per 10 grams in a business […]

ABHISEK RAJPUT

September 12, 2024

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Gold Jewellery Retailers’ Sales To Surge Upto 25% In India After Sharp Duty Cut | Personal Finance News

New Delhi: After the sharp reduction in import duty announced in the Union Budget, the revenues of organised gold jewellery retailers will increase 22-25 per cent this fiscal (year-on-year) — a solid 500-600 basis points (bps) more than the 17-19 per cent expected earlier, a report showed on Monday.  The incremental growth will be driven […]

ABHISEK RAJPUT

September 9, 2024

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Gold Remains Flat At Rs 74,150/10g; Silver Falls Rs 150 Per Kg | Economy News

New Delhi: Gold prices remained flat at Rs 74,150 per 10 grams in the national capital on Wednesday, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity had jumped Rs 1,400 to settle at Rs 74,150 per 10 grams in the previous session on Tuesday. However, silver prices declined […]

ABHISEK RAJPUT

August 21, 2024

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Gold Boosts Returns And Lowers Risk, While Bitcoin Heightens Volatility: World Gold Council | Economy News

New Delhi: Gold consistently reduces portfolio volatility while improving returns, even with increased allocation. By simulating portfolio performance with varying allocations of gold (2.5 per cent to 10 per cent), it’s evident that the metal bolsters return without adding significant risk, according to World Gold Council. On the other hand, Bitcoin shows diminishing returns as […]

ABHISEK RAJPUT

August 17, 2024

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Gold Imports Dip 4.23 Per Cent To USD 12.64 Billion In Apr-July | Economy News

New Delhi: India’s gold imports, which have a bearing on the country’s current account deficit (CAD), dipped by 4.23 per cent to USD 12.64 billion during April-July 2024-25 due to global economic uncertainties, according to government data. The imports stood at USD 13.2 billion in April-July 2023. In July alone, the imports declined by 10.65 per […]

ABHISEK RAJPUT

August 15, 2024

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New Wastage Norms For Gold, Silver Jewellery Exports On Hold Till Aug 31 | Economy News

New Delhi: The new norms for permissible wastage amount for gold, silver and platinum content in jewellery exports will now be in abeyance till August 31, 2024, according to DGFT. The decision was taken on the request of the Gems and Jewellery Export Promotion Council (GJEPC), DGFT said in a public notice. In May, the […]

ABHISEK RAJPUT

July 29, 2024

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Gold Custom Duty Reduced: MCX Gold Witnesses Rally, Check Expert Comments On Gold Outlook | Bullion News

New Delhi: Gold price rose on the Multi Commodity Exchange (MCX) on Wednesday. Gold futures, maturing on August 5, 2024, stood at Rs 68,814 per 10 grams on the MCX at 11.03. Against its previous closing of Rs 68,510, Gold opened at Rs 68,790 per 10 gms on Wednesday.  Meanwhile, silver futures, maturing on September […]

ABHISEK RAJPUT

July 24, 2024

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Budget 2024: Gold, Silver Get Custom Duty Cut; Precious Metals Become Cheaper | Personal Finance News

Union Finance Minister Nirmala Sitharaman today announced to slash basic customs duty on Gold and Silver. The basic customs duty (BCD) on gold has been reduced to 6% from 10%. The move is likely to ease gold and silver prices in the coming days. “To enhance domestic value addition in gold and precious metal jewellery […]

ABHISEK RAJPUT

July 23, 2024

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One Nation, One Gold Rate: Single Rate Of Yellow Metal Across The Country? | Bullion News

New Delhi: Leading jewelers across the country have agreed to adopt One Nation One Rate (ONOR) policy for gold, which seeks uniform gold price across the country. The ONOR aims to mitigate gaps in pricing of the yellow metal in various states. The ONOR is also aimed to streamline the gold market,  give respite to […]

ABHISEK RAJPUT

July 16, 2024

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India Imposes Restrictions On Certain Studded Gold Jewellery Imports | Economy News

New Delhi: The central government has imposed restrictions on the import of certain gold-studded jewellery and articles. The government though did not give any reasons behind such move. Shipments those are coming into the country under the India-UAE Comprehensive Economic Partnership Agreement (CEPA), however, remain unrestricted, an official notification from the Directorate General of Foreign […]

ABHISEK RAJPUT

June 12, 2024

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Gold Remains Flat At Rs 71,800/10 Grams; Silver Rises Rs 200 | Economy News

New Delhi: Gold prices remained flat at Rs 71,800 per 10 grams in the national capital on Monday. According to Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, gold traded flat on Monday, after Comex spot gold declined as much as 3.45 per cent on Friday, the most since August 2021. However, silver prices […]

ABHISEK RAJPUT

June 10, 2024

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02:29:03

Death Of De-Dollarization???

“The BRICS New Development Bank is fighting for survival, threatened by its own reliance on the U.S. currency” https://www.wsj.com/articles/a-bank-china-backed-to-challenge-the-dollar-now-needs-the-dollar-d9dc27ee https://markets.businessinsider.com/news/currencies/de-dollarization-renminbi-dollar-vs-yuan-takeover-china-russia-usd-2023-4?amp&amp_js_v=0.1&usqp=mq331AQIUAKwASCAAgM= https://www.reuters.com/world/india/rupee-rise-after-dollars-biggest-fall-over-three-months-2023-06-16/ https://www.reuters.com/world/india/rupee-gains-sub-82dollar-bets-less-aggressive-fed-2023-06-16/ https://fred.stlouisfed.org/series/FDHBFIN Join this channel to get access to perks: https://www.youtube.com/channel/UCkB8eF4ATHl4Jm1BeCZgQ9A/join uneducatedeconomist.com uneducatedeconomist@gmail.com real mail P.O. 731 Astoria , OR 97103 Instagram uneducated.economist patreon https://www.patreon.com/UneducatedEconomist Want to buy me a coffee https://www.paypal.me/meatbingo https://cash.app/$bingo503 https://venmo.com/code?user_id=2113515942838272087 […]

bibhuti

June 18, 2023

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