gold
Gold imports plunge to USD 79.14 mn during Apr-May 2020
Fri, Jul 03, 2020
Gold imports, which have a bearing on the current account deficit (CAD), plunged significantly to USD 79.14 million during the first two months of 2020-21 due to a significant fall in demand in the wake of the COVID-19 pandemic, according data from the commerce ministry
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Gold price today: At Rs 48,982, yellow metal hits life-time high again; outlook positive
Wed, Jul 01, 2020
Gold price continues to skyrocket! Yellow metal has hit yet another life-time high. The August Gold Futures today attained a life-time high of Rs 48982 on MCX with some correction in the later part of the day. At around 8:05 pm, gold futures were trading at Rs 48161, down by almost 1.2 per cent from the previous close
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Gold slips as U.S. jobless claims fall, China claims outbreak contained
Fri, Jun 19, 2020
Gold eased on Thursday after data showed lower jobless claims in the United States and on reports Beijing was bringing its latest coronavirus outbreak under control, but mounting infections globally limited losses for the safe-haven metal.
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Buying gold during Coronavirus rally? Know how much unaccounted yellow metal you can hold without informing the Income-Tax Dept
Thu, Jun 18, 2020
Income tax: Gold prices have made a huge rally on Coronavirus fears. In fact, if we go by the commodity experts' views, the yellow metal is further expected to hit Rs 50,000 per 10 gm levels by the end of 2020.
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Gold slips as dollar advances, Fed outlook trims losses
Thu, Jun 18, 2020
Gold eased on Wednesday with the metal facing competition from the dollar as a hedge against concerns over a second coronavirus wave, but bullion`s losses were limited by expectations the U.S. Federal Reserve will maintain low interest rates for the near-term future
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Gold gains as fresh China virus fears offset strong U.S. data
Wed, Jun 17, 2020
Gold edged up in seesaw trade on Tuesday as concerns over a fresh coronavirus outbreak in China countered pressure from a surge in Wall Street driven by a record rise in U.S. retail sales and optimism over a COVID-19 drug
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Exclusive | Big news for gold loan companies! PSU banks to now give gold loans at low rates
Mon, Jun 15, 2020
Public sector banks (PSBs) may start providing gold loans to retail customers, according to sources in the government and the Reserve Bank of India (RBI). The retail loan seekers will get a loan equivalent to 75 per cent of the value of the gold. Zee Business' Kushal Gupta reports
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Equity beats gold, PPF, bank FD! Stocks delivered best returns over 40 years
Tue, Jun 02, 2020
In the last 40 years, equity has outperformed all other asset classes with the BSE Sensex giving a compounded annual growth rate of 13.71 per cent, much higher than gold, silver, public provident fund (PPF) and fixed deposits (FD)
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Stocks, euro rise on recovery hopes; U.S.-China rift lifts gold
Fri, May 29, 2020
A gauge of global equity markets climbed on Thursday on optimism for a speedy economic recovery and a massive stimulus plan in Europe helped lift regional stocks and the euro, while gold rebounded on a safety bid on deteriorating U.S.-China relations
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Gold imports dip for fifth consecutive month in April, fall by almost 100 pc
Mon, May 25, 2020
India's gold imports contracted for the fifth consecutive month in a row, falling by about 100 per cent to USD 2.83 million in April due to the lockdowns imposed globally on account of coronavrius outbreak
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Did soaring Gold price get you to invest to make money? Know these income tax rules
Thu, May 21, 2020
Gold price has been making new high during the Coronavirus crisis and the recent high on MCX is 47,929 per 10 gm and experts are of the opinion that it may further scale up to Rs 51,000 per 10 gm.
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Gold price edges higher as global recession fears persist
Tue, May 19, 2020
Gold prices rose on Tuesday, supported by fears of a global recession and a wave of central bank stimulus measures, while an uptick in risk appetite after a positive report on a potential COVID-19 vaccine limited bullion`s advance
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Akshaya Tritiya: Amid lockdown, what jewellers are doing to explore the possibility of selling
Sun, Apr 26, 2020
The Indian bullion market will not witness the buying fervour as seen every year on the auspicious occasion of Akshya Tritiya that falls on Sunday this year due to a nationwide lockdown in place to fight the coronavirus pandemic.
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