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Latest Articles in gold

Gold Prices Flip To Discount For First Time In 7 Weeks

Dealers in India, the world's second-largest gold consumer, were offering a discount of up to $1 an ounce this week from official domestic prices, compared to a premium of $3 last week

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Forex Reserves Up $1.58 Billion To $363.14 Billion

Foreign currency assets (FCAs), a major component of the overall reserves, increased by $914.7 million to $340.126 billion in the reporting week, RBI said

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India Gold Demand Picks Up As Jewellers Resume Buying Post-budget

Demand for gold in India rose this week as many jewellers resumed purchases after having stayed away for a few weeks hoping for an import duty cut in the government budget

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India 2017 Gold Demand Seen Muted As Govt Clamps Down On 'Black Money': WGC

Gold demand in India will be muted this year after dropping to multi-year lows in 2016, with trading dented as the government pushes to make markets for the metal more transparent and brings in a new tax, the World Gold Council said on Friday

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Denmark's Pandora To Enter India's Growing Jewellery Market

The market has traditionally been focused on gold and diamonds rather than silver, Pandora's favourite material, which only makes up 5 percent of the market

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Lower Prices Boost Gold Demand In India, Chinese Buying Wanes

Gold demand in India improved this week, boosted by a fall in prices overseas, although some consumers waited to see if hopes for an import duty cut in the government's budget next week will be realised

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Gold Slumps To 2-Week Low, Sheds Rs 400 On Global Weakness

Globally, gold price fell 0.37 per cent to $1,183.90 an ounce, and silver by 0.27 per cent to $16.70 per ounce in Singapore

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GJF Wants 5% Import Tax; PAN Card Limit To Rs 5 Lakh For Budget

The domestic gems and jewellery industry, which went through a lot of turmoil in 2016, has urged the government to increase the mandatory PAN card limit to Rs 5 lakh and above and reduce the import duty on gold to atleast 5 per cent in the Union Budget 2017-18

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Demonetisation Drive To Favour Country's Big Gold Jewellery Store Chains, Says WGC

India's drive to bring transparency to bullion trading, along with the rise of branded gold jewellery, could help major retailers raise their share of the world's second-biggest gold market to 40 per cent by 2020, the World Gold Council said

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Forex Kitty Down $1.14 Billion To $359 Billion On Dip In Gold Reserves

After remaining unchanged for several weeks, the gold reserves dipped by $1.398 billion to $18.584 billion at the end of the reporting week, the central bank said

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Gold Demand Eases On Higher Prices; Premiums Mostly Unchanged

Physical gold sales eased in Asia this week as steadily higher prices kept buyers on the sidelines and premiums remained mostly unchanged across the continent

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Gold Missing From Customs Vault At IGI Airport

CBI said a case has been registered against unknown officials under IPC sections related to criminal conspiracy and criminal breach of trust

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Asia Gold Demand Picks Up As Indian Wedding Season Drives Fresh Buys

Gold demand in Asia gathered some steam this week on wedding season purchases in India, with prices swinging to a premium there for the first time in over a month, and traders expecting demand to strengthen due to the upcoming Chinese New Year

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