New Delhi, May 13 (IANS) The Gem and Jewellery Export Promotion Council (GJEPC) on Wednesday urged the government to hold consultations with industry stakeholders after the recent hike in gold import duty, saying that higher duties do not reduce imports but instead lead to a rise in prices and encourage smuggling.In a statement, the council said that increasing import duties on gold has historically failed to curb imports, even as gold prices have nearly doubled in recent years without a proport…
Latest Gold Prices News & Updates
Raipur, May 11 (IANS) Political reactions intensified on Prime Minister Narendra Modi’s appeal to citizens regarding economic restraint, with Congress leader and former Chhattisgarh Chief Minister Bhupesh Baghel launching a sharp attack on him and the BJP over rising gold prices and the country’s economic situation.”First of all, the PM has finally woken up. Gold, which is at Rs 1.5 lakh, had gone up to Rs 1.86 lakh, but the PM remained silent then,” Baghel said.He further alleged that the Centr…
New Delhi, April 15 (IANS) Physical gold may have taken the lead, but the precious metal has also surged in the digital space, with gold exchange-traded funds (ETFs) emerging as a favourite among both retail and institutional investors as total assets under management (AUM) surged to Rs 1,71,468.4 crore in March 2026, nearly tripling on a year-on-year basis, a report showed on Wednesday.As per the ICRA Analytics analysis, the AUM figure represents a five-year compound annual growth rate (CAGR) o…
New Delhi, March 30 (IANS) Gold and silver prices witnessed sharp losses on Monday, tracking declines in global bullion markets amid fading hopes of a US Federal Reserve rate cut and rising inflation concerns.On the Multi Commodity Exchange (MCX), gold contracts for June 5 delivery opened 0.27 per cent lower at Rs 1,46,850 per 10 grams, as against the previous close of Rs 1,47,255. The yellow metal declined sharply during the session, falling as much as Rs 3,043, or 2.06 per cent, to hit an intr…
Mumbai, March 12 (IANS) Gold prices in India traded slightly lower on Thursday, even as silver prices recovered from early losses and moved higher due to strong buying at lower levels.On the Multi Commodity Exchange (MCX), gold for April futures was trading at Rs 1,61,665 per 10 grams, down by Rs 124 or 0.08 percent.The precious metal had opened higher at Rs 1,62,799 per 10 grams compared with its previous close of Rs 1,61,789, but later pared its gains amid weak global cues.Experts said that st…
New Delhi, Feb 27 (IANS) Gold and silver prices posted strong gains on Friday, amid rise in the US-Iran tensions and marginal decline in US dollar.MCX gold April futures gained 0.43 per cent to Rs 1,60,399 per 10 grams around 12.30 am on an intra-day basis. Meanwhile, MCX silver March futures gained 3.05 per cent to Rs 2,67,600 per kg.The US-Iran nuclear negotiations were extended without any clear progress, keeping geopolitical tensions elevated. The buildup of US troops led to both countries e…
New Delhi, Feb 12 (IANS) Economists on Thursday said that they do not expect the new CPI inflation series to materially influence policy in the near term.The headline CPI inflation printed at 2.75 per cent in January 2026 as per the new CPI series (base year 2024), well below the mid-point of the RBI MPC’s target range of 2 per cent-6 per cent.“We do not expect the new inflation series to materially influence policy in the near term. An extended rate pause looks likely, underpinned by a cycl…
Mumbai, Jan 25 (IANS) The Indian stock market is expected to remain volatile in the coming week as investors keep a close eye on several major events, including the Union Budget 2026, the US Federal Reserve meeting, ongoing corporate earnings, and global developments. After a choppy week marked by selling pressure and global worries, market participants are likely to trade cautiously while looking for clear signals from these key triggers.The domestic equity market ended the week on a weak note …
New Delhi, Jan 17 (IANS) Indian households saw a massive jump in their wealth in 2025, driven mainly by a sharp rise in gold prices, a new report has said.The data compiled by HDFC Mutual Fund Yearbook 2026 said household wealth increased by nearly Rs 117 lakh crore, or about $1.3 trillion, during the calendar year, creating a strong spending buffer for families.The fund house said this was the highest wealth gain from gold price appreciation in the last 25 years.Gold prices rose by around Rs 57…
Mumbai, Jan 4 (IANS) The Indian stock market is expected to stay active in the coming sessions as investors assess a combination of domestic economic signals and global developments. With the Q3 earnings season approaching, market sentiment will be guided by key data releases, geopolitical developments and trends in commodities and currencies.Commenting on Nifty technical outlook, an analyst said that “on the upside, immediate resistance is placed at 26,400, followed by 26,500 and 26,600, whil…