Javelin thrower Neeraj strikes gold at Sotteville

Javelin thrower Neeraj strikes gold at Sotteville

Neeraj Chopra   New Delhi, July 18 (IANS): India’s star javelin-thrower Neeraj Chopra have clinched the gold at the Sotteville Athletics meet in France.   Neeraj, who had won the gold medal at the Gold Coast Commonwealth Games earlier in 2018, threw 85.17 metres to bag the yellow metal with a massive margin late on […]

High gold prices mar Akshaya Tritiya sales this year

High gold prices mar Akshaya Tritiya sales this year

A sales person shows a gold ring to customers at a jewellery showroom during Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, in Ahmedabad. (REUTERS File photo)   New Delhi/ Mumbai/ Kolkata/ Bengaluru/ Chennai, April 18 (IANS): Spiralling yellow metal price has marred the Akshaya Tritiya spirit across most cities with sales […]

India gold swings to discount as price jump hurts demand

India gold swings to discount as price jump hurts demand

BENGALURU/MUMBAI, February 16 (Reuters) – Physical gold was sold at a discount in India this week for the first time in three weeks as demand for the metal slumped due to a jump in local rates, while the Lunar New Year holiday capped buying at the end of the week elsewhere in Asia.   Demand […]

India gold demand picks up after tax announcement

India gold demand picks up after tax announcement

A woman tries a gold earring at a jewellery showroom during Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, in Mumbai, October 28, 2016. REUTERS/Danish Siddiqui/Files   BENGALURU/MUMBAI , February 2(Reuters) – Demand for physical gold improved this week in India as jewellers resumed purchases after the government kept import taxes on […]

Gold demand in India seen falling to lowest in 8 years in 2017

Gold demand in India seen falling to lowest in 8 years in 2017

A woman tries a gold earring at a jewellery showroom during Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, in Mumbai, October 28, 2016. REUTERS/Danish Siddiqui/Files   MUMBAI, November 9 (Reuters) – India’s gold consumption is likely to drop to its lowest in eight years in 2017, hit by government moves to […]

Swiss flushing away millions in gold and silver every year

Swiss flushing away millions in gold and silver every year

A worker checks gold granulate at a plant of gold refiner and bar manufacturer Valcambi SA in the southern Swiss town of Balerna December 20, 2012. REUTERS/Michael Buholzer/Files   ZURICH, October 12 (Reuters) – While London’s sewers can get clogged with fatbergs made up of grease and diapers, it seems Switzerland’s waste system is flecked […]

India rethinks jewellery sales oversight after slump in gold demand

India rethinks jewellery sales oversight after slump in gold demand

A woman tries on a gold bracelet at a jewellery showroom in the eastern Indian city of Siliguri November 4, 2009. REUTERS/Rupak De Chowdhuri/File Photo   MUMBAI, October 7 (Reuters) – Indian authorities withdrew on Friday an amendment that made jewellers subject to anti-money laundering legislation and caused a drop in gold sales.   The […]

Gold demand hit by high prices ahead of expected festival-led buying

Gold demand hit by high prices ahead of expected festival-led buying

A woman tries a gold earring at a jewellery showroom during Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, in Mumbai, October 28, 2016. REUTERS/Danish Siddiqui/Files   MUMBAI/BENGALURU, September 8 (Reuters) – Demand for physical gold in Asia could pick up in the coming weeks as India’s festival season drives interest in […]

GST rate of 3% on gold too low: Economic Survey

GST rate of 3% on gold too low: Economic Survey

  New Delhi, August 12 (IANS) The Goods and Services Tax (GST) rate of 3 per cent on gold was low and needs to be increased as it is consumed by the “very rich”, feels Chief Economic Advisor Arvind Subramanian, the author of the Economic Survey.   According to the Economic Survey Volume II 2016-17, […]

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