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Mumbai, Oct 16 (PTI) Gold prices are at an all-time high ahead of Diwali and the wedding season, but it has not slowed down the consumer demand though many of them seem to prefer "solid bullion" rather than jewellery, traders said on Thursday. The price of the yellow metal stood at Rs 1,28,395 per 10 grams on MCX during the day. "Gold prices are increasing every day, and people are looking at this and coming in to invest. Demand for jewellery has slowed, but people are buying gold bars and coi ...Read More >
Nagpur: Amid rising prices of precious metals, the rates of gold and silver are higher without taxes compared to the official channel, which includes 3% GST. This indicates that too much black money is chasing a comparatively smaller amount of gold or silver available in the parallel economy. Though not unprecedented, it's a rare phenomenon in the market, said sources.On Monday, a tola (10 grams) of gold with GST stood at Rs1,19,700 to Rs1,18,970, but without a bill the rates were nearly Rs1,20, ...Read More >
Mumbai: India's top gold jewellery and bullion trading lobby has demanded regulatory intervention to make the country's largest commodity exchange and mutual funds accept Indian-refined gold and silver bars. Making Indian-refined bullion bars (India Good Delivery) acceptable by Multi-Commodity Exchange of India (MCX) and exchange-traded funds would be in line with Prime Minister Narendra Modi's "vocal for local" exhortation and would save precious foreign exchange, the India Bullion & Jewellers ...Read More >
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