Tag Archives: Gold

Three Gold Mines, With Billions In Estimated Reserve, To Be Auctioned

The government is planning to auction at least three gold mines in 2016, a top government official said, opening up the sector to private firms for the first time ever in a bid to slash imports of the metal that cost the government $36 billion (nearly Rs. 2.5 lakh crore) last year. Economically crippling shipments of up to 1,000 tonnes ... Read More »

Three Gold Mines, With Billions In Estimated Reserve, To Be Auctioned

The government is planning to auction at least three gold mines in 2016, a top government official said, opening up the sector to private firms for the first time ever in a bid to slash imports of the metal that cost the government $36 billion (nearly Rs. 2.5 lakh crore) last year. Economically crippling shipments of up to 1,000 tonnes ... Read More »

Guess How Many Crores Indians Spent to Buy Gold in Last 10 Years

India’s love for gold has hurt the economy, experts say India is the world’s second biggest consumer of gold after China and three-quarters of the net imported gold into the country is bought by retail buyers for jewellery. Over the last 10 years, gold worth $267 billion (Rs. 18 lakh crore at 68 rupees per US dollar) has been bought ... Read More »

Three Gold Mines, With Billions In Estimated Reserve, To Be Auctioned

The government is planning to auction at least three gold mines in 2016, a top government official said, opening up the sector to private firms for the first time ever in a bid to slash imports of the metal that cost the government $36 billion (nearly Rs. 2.5 lakh crore) last year. Economically crippling shipments of up to 1,000 tonnes ... Read More »

Gold Dips on Higher Stocks; Fed Minutes Offer Some Support

Singapore: Gold eased on Thursday following a bounce in equities, but losses were cushioned by overnight gains that helped the metal snap a three-day losing streak on bets the Federal Reserve could slow the pace of U.S. interest rate hikes. FUNDAMENTALS * Spot gold had fallen 0.2 percent to $1,206.99 an ounce by 0034 GMT, after gaining 0.7 percent on ... Read More »

iPhone 5se, New MacBook and iPad to Sport Rose Gold Colour Variants: Report

Last month it was reported that the 4-inch iPhone 5se would be arriving in the same colour variants as the iPhone 6s – Silver, Space Gray, and Rose Gold. A new report now confirms the previous claims but with a small twist. Details about the upcoming MacBook, Apple Watch and iPad colour options have also been tipped. According to Japanese ... Read More »

Gold Discounts in India Hit Record Highs as Demand Falters

Mumbai: Indian gold traders say they are struggling to draw buyers despite offering record discounts over rallying international prices, as consumers wait to see if rates can fall further after the federal budget this month. The bullion industry expects the government to cut the record 10 percent import duty on gold in the annual budget for 2016/17 that will be ... Read More »