Gem, jewellery exports shrink 14% to $32-b on weak demand

[ad_1] Export of gems and jewellery last fiscal declined 14 per cent to $32.28 billion against $37.74 billion logged in the same period last year due to weak demand. However, gold jewellery exports increased 17 per cent to $11.23 billion...

Gold soars on geopolitical risks, central bank buying

[ad_1] Gold appears unstoppable, skyrocketing so far in 2024, particularly since early March. The yellow metal, which ended at $2,390 per ounce on Friday, has appreciated 16 per cent year-to-date (YTD). Similarly, in the domestic market, gold futures, at ₹72,806,...

Indian Indices crack amid West Asia crisis

[ad_1] Indian equities extended losses for a second straight day as Israel weighed its response to a direct attack by Iran.Shares fell across Asia. Gold held firm even as oil prices inched lower on hopes the diplomatic efforts would curtail...

Jewellery retailers fear a lacklustre Akshaya Tritiya this year due to soaring gold prices

[ad_1] Jewellery retailers fear a lacklustre Akshaya Tritiya this year due to gold prices soaring around 15-20 per cent. Volume de-growth is expected for gold jewellery sales this time as compared with last year. Also read: Gold hits another high...

As gold soars to new high, demand dwindles

[ad_1] Notwithstanding weak demand, gold prices continued to soar to hit a new high ahead of the peak festival and wedding seasons on the back of a sharp rally in the global markets. The yellow metal used in jewellery rallied...

India building up gold reserves, says Das

[ad_1] Reserve Bank Governor Shaktikanta Das on Friday said India has been building up gold reserves as part of its forex deployment.Also read:RBI’s forex reserves build-up leads to a huge $64.182 billion accretion in FY24 so far “We are building...

Gold prices soar to record high in Hyderabad

[ad_1] <!-- --> On March 31, the previous day, the price of 24 carat gold per 10 grams was Rs 68,450 in Hyderabad, indicating a significant increase within a day. Published Date - 1 April 2024, 10:30 PM ...

RBI’s forex reserves build-up leads to a huge $64.182 billion accretion in FY24 so far

[ad_1] India’s foreign exchange (Fx) reserves have soared in FY24 so far after declining in FY23, reflecting the Reserve Bank of India’s strategy to build them up for a rainy day.By shoring up the reserves, the central bank is trying...

Gold is glittering, but is India making the most of it?

[ad_1] With over 6 per cent gain in the past month, gold has once again captured the attention of investors worldwide as its price surged to record highs. In contrast, equity markets, which are also trading near record high levels,...
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