Page 5 - Gold

Should you buy gold and silver this Dhanteras as prices touch all-time high

Industry experts predict a 10-12 per cent decline in sales volume compared to last year's Dhanteras

Gold rate today: US election, Brics, Mid East war may take gold to Rs 80200

Gold rate today: As gold prices are expected to be highly volatile, especially due to Brics headlines, buying the dips is the preferred strategy

RBI move to slow down gold loan growth, lead to uptick in default: CRISIL

The Reserve Bank's recent notification asking financiers to review their gold loan practices can slow down loan growth in the near-term and lead to an uptick in asset quality stress, a domestic rating agency said on Tuesday. "Potentially, this could impact gold loan disbursements during the transition phase and curb growth in the business," the note by Crisil said. It can be noted that a few weeks ago, RBI had flagged certain irregular practices in loan against gold jewellery and asked lenders to comprehensively review their policies, processes and practices to identify gaps and initiate remedial measures in a time-bound manner. The notification had flagged deficiencies in the monitoring of the loan-to-value (LTV) ratio, asset classification norms for overdue loan accounts, and inadequate due-diligence in monitoring the end-use of gold loans. Reported loan delinquencies may see some uptick as entities revisit their current non-performing asset (NPA) recognition norms and/or policie

Jewellers' body pushes for standardisation of gold rates across India

The All India Gem and Jewellery Domestic Council (GJC) announced Tuesday it is working to implement 'One Nation One Gold Rate', aiming to standardize domestic gold prices that currently vary across different regions of the country. "We import gold at the same rate, but the domestic retail prices differ from one city to another. We want a single rate to prevail across the country," GJC Secretary Mitesh Dhorda said at the launch of 'Lucky Lakshmi', a revamped annual gold festival running from October 22 to December 9. The council, which has already conducted over 50 meetings with its members, has managed to bring up to 8,000 jewellers on board for this initiative. While a representation has been made to the government, the GJC is currently focused on convincing the industry stakeholders. "We are already providing a recommended rate through WhatsApp broadcast groups to our members. Our target is to reach at least 4-5 lakh jewellers step by step," Dhorda said, adding that implementatio

Gold climbs Rs 10, silver up Rs 100; yellow metal trading at Rs 79,650

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bangalore, Chennai, and Hyderabad at Rs 79,650.

Gold, Silver Samvat 2081 outlook: Will precious metals continue to sparkle?

Samvat 2081 outlook: Analysts believe the interplay of easing monetary policies globally, ongoing geopolitical conflicts, and the upcoming US presidential elections is poised to influence gold prices

Gold up Rs 10 at Rs 78,990; silver rises Rs 100; trading at Rs 99,100

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bangalore, Chennai and Hyderabad at Rs 78,990

Gold may continue to trade with positive bias; Buying dips best strategy

Presently, gold is not affected by the traditional drivers. Traders are focusing rather on uncertainties over the US Presidential election outcome and possibility of resurgence of inflation in

Gold up Rs 10 at Rs 78,120; silver down to Rs 100; trading at Rs 96,900

The price of 22-carat gold also witnessed a rise of Rs 10, with ten grams of the yellow metal selling at Rs 71,610

Top Gold ETFs in India offer 29.9% return in a year: Should you invest?

LIC MF Gold ETF gave the maximum returns on a 1-year, 3-year and 5-year basis at 29.97 per cent, 17.47 per cent and 13.87 per cent respectively, as per an analysis by Icra Analytics

Gold up Rs 10 at Rs 77,900; silver rises Rs 100, trading at 97,100/kg

The price of 22-carat gold also witnessed a rise of Rs 10, with ten grams of the yellow metal selling at Rs 71,410

Gold price today: Trading strategy for yellow metal ahead of China stimulus

If China's stimulus details prove to be convincing to investor community, it is highly likely that gold prices may come under increased downside pressure

Gold dips Rs 10, trading at Rs 77,390; silver down Rs 100 at Rs 96,800

Price of ten grams of 24-carat gold in Mumbai is in line with prices in Chennai, Bangalore, Kerala, Pune, Kolkata and Hyderabad at Rs 77,390

Gold dips Rs 10 at Rs 77,660; silver falls Rs 100, trading at 96,900/kg

The price of 22-carat gold also witnessed a fall of Rs 10, with ten grams of the yellow metal selling at Rs 71,190

Gold up Rs 10 at Rs 77,410; silver rises Rs 100, trading at 96,100/kg

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad at Rs 77,410

Gold down Rs 10 at Rs 76,630; silver dips Rs 100, trading at 93,900/kg

The price of 22-carat gold also witnessed a decline of Rs 10, with ten grams of the yellow metal selling at Rs 70,240

Gold down Rs 10 at Rs 76,680; silver dips Rs 100, trading at 94,000/kg

The price of 22-carat gold also witnessed a decline of Rs 10, with ten grams of the yellow metal selling at Rs 70,290

Festive hopes fade for India's gold industry after surge in price

Consumers are opting for lighter, more affordable jewellery to stay within budget

Gold strategy on October 9: Support at Rs 73,000; Resistance at Rs 76,300

Spot gold crashed to breach the crucial support around $2620 on Tuesday as commodities witnessed across-the-board selling.