New Delhi, April 17 (IANS) The Union Government on Friday allowed 15 major banks, including State Bank of India, HDFC Bank, and ICICI Bank, to import gold and silver from April 1, 2026, to March 31, 2029. The Union Bank of India and Sberbank have been authorised to import only gold during this period.The notification has been issued by the Directorate General of Foreign Trade (DGFT).The move is part of the government’s ongoing effort to streamline bullion imports and ensure they are routed thr…
Latest World Gold Council News & Updates
Mumbai, April 17 (IANS) As India approaches Akshaya Tritiya — traditionally seen as an auspicious occasion for buying gold — investors are weighing their options as the yellow metal navigates global uncertainty, with prices rising nearly 10 per cent so far in 2026, a report has said.According to a report by Motilal Oswal Financial Services Ltd (MOFSL), despite the festive tailwinds, gold’s journey this year has remained volatile, marked by sharp swings amid a complex global backdrop and rema…
New Delhi, April 10 (IANS) India’s household gold holdings have surpassed the combined reserves of the world’s top 10 central banks and emerged as a significant but underutilised economic asset, a report has said.As per the industry body Assocham analysis, the sharp rise in gold prices during 2024-25 and early 2026 has pushed the value of gold held by Indian households to an estimated $5 trillion, making it one of the largest pools of private wealth globally.Highlighting the macroeconomic pote…
Mumbai, April 10 (IANS) Gold exchange-traded funds (ETFs) in India witnessed a sharp slowdown in inflows in March as net inflows into gold ETFs more than halved to Rs 2,266 crore during the month, according to data released by the Association of Mutual Funds in India (AMFI) on Friday.This marks a significant decline from February, when investors had poured a net Rs 5,255 crore into these funds.The drop came due to geopolitical uncertainties, particularly surrounding tensions involving the United…
New Delhi, March 23 (IANS) The World Gold Council’s ‘Gold as a Service’ platform announced on Monday to create a new market infrastructure to link physical custody of yellow metal with digital systems will improve access to digital gold products.The report from Boston Consulting Group India said Gold as a Service would act as an open platform, connecting the physical custody of gold with the “digital systems used to issue and manage gold-backed products.”By standardising custody coordination, …