At present only 15 banks are allowed to import Gold. Chinese consumers
had to pay high premiums to ensure fast delivery of the yellow metal.
The new move is likely to bring down premium on Gold. read more
Friday, 27 March 2015
Thursday, 26 March 2015
Quote of the day 26th March 2015
“As we have always maintained,
controls might only harm the sector, not lead to reduction in
consumption. The rise in gross imports of gold is evidence to that."
Sudheesh Nambiath, Senior Analyst- Precious Metals, GFMS Thomson Reuters
Quote of the day 26th March 2015
“Stylori has been designed to
encourage easy and convenient jewellery browsing. It also allows
consumers to customise the jewellery according to their taste and
preferences.”
N. Anandha Ramanujam, Founder & CEO, Stylori
Gold firms above $1,210 after Saudi Arabia air strikes on Yemen
Gold prices rallied
to the highest level in almost four weeks on Thursday, after Saudi
Arabia launched air strikes in Yemen, while the US dollar extended its
slide.
read more
India gold import rises to a 4-year high; Import in FY15 estimated at 945 tons
Indian consumers appetite for gold has increased again, with imports in
2014-15 rising to a four-year high, close to levels seen in the
pre-import control days of 2012-13. Gold smuggled into the country, read more
Jewellers and bullion dealers in Delhi strike over PAN
Bullion market remained closed in the national capital today as traders
refrained from doing business to protest the Budgetary proposal that
would make it mandatory to quote PAN for purchases of above Rs 1 lakh.
read more
Parineeti Chopra launches Stylori an online jewellery store of NAC Jewellers
To cater to the discerning fashion and style of the modern Indian women,
NAC Jewellers has introduced ‘Stylori’ – an online jewellery store for
everyday fashion jewellery. read more
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