With relaxation, one can also deposit with refiners and purity testing centres
If this Diwali season fails, the jewellery industry is expected to face huge losses
Next year, domestic production is likely to increase on hope of good rabi oilseeds crop, limiting the need for imports
Onions have a love-hate relationship with Delhi. In 1998, when the BJP was in power, the rise in onion prices helped Congress defeat BJP. In 2010, when prices rose, Congress barely saved it's power
In the first six months (January to June) of this calendar year, India imported 427.8 tonnes of gold at a monthly average of 71.3 tonnes
The demand for gold took a major hit in the domestic market after the import duty on the precious metal was raised from 10 per cent to 12.5 per cent, leading to a sharp increase in gold prices
Allowing banks to do local sourcing of gold that meets the standards will help solve many issues
Market regulator has asked exchange to deliver foolproof product that suitably maps temperature and rainfall, besides addressing a host of other issues
In global markets, both precious metals continued downward spiral
Today, gold needn't be held physically; which makes it truly an investment product that comes without the associate sentimental attachment
The index will have 10 Sebi-approved agri commodities. Once open for trading, the NCDEX index for agri and MCX index for non-agri commodities will theoretically complete a basket
The current rally in the yellow metal is without real demand from Indians
Sebi is co-ordinating with the WRDA to expedite the regulations for warehouses storing non-agri commodities
The government should first decontrol fertiliser prices to let farmers pick and choose, analysts say
The rising price of the precious metal has helped the central bank increase overall forex reserves despite currency reserves not rising
The sector's gross exports declined by 9.32 per cent to $12.15 billion between April and July compared to $13.39 billion during the same period last year, according to data
Rival NCDEX is in the process of finalising a partner for indices management.
Market expected to remain under pressure in near future, says CFO
India consumes around 24-25 million tonnes of pulses, but sowing trends show this year production is expected to be lower compared to last year
New method aims to plug loophole that allowed importers to pay a lower duty.