Government hikes import tariff on gold, silver

The government today raised import tariff value on gold to US$385 per 10 grams and silver to US$543 per kg, taking cues from firm global price trends. During the last fortnight of March, read more

Gold rallied 2 percent as the dollar retreated after a downbeat

Gold rallied 2 percent on Wednesday as the dollar retreated after a downbeat US jobs report raised expectations that the Federal Reserve could be more cautious in tightening monetary policy. read more

Turkish gold exports to UK set new record; 10,800 percent rises, worth about $545 million

Gold bar exports to the UK soared by more than 10,800 percent in the first two months of 2015 compared to the same period last year. Turkey's gold bar exports to the UK increased by more than a hundredfold in the first two months read more

EGL Rights Holders reorganize Israel operations

The holders of EGL rights in Israel and Guy D Benhamou announced today that the Eurogem laboratory in Israel (also known as EGL International), located in the Noam Building, Tuval Street 21, in Ramat-Gan, read more

LBMA reports a sharp decline in gold, silver trading during February

London Bullion Market Association has announced a sharp decline in its gold and silver trading activities during February. According to LBMA, an average of 17.8 million ounces of gold was traded on a daily basis last month read more

Quote of the day 1st April 2015

“Retail trade would be impacted if the Centre did not gradually lower the transaction limit for PAN card.”

Suvro Chandra, Regional Chairman, GJF

Gold purchases during Akshaya Tritiya to be expensive as tension in Middle East to push up prices further

Gold purchases during this Akshaya Tritiya may turn out to be expensive for India. Saudi Arabia's strike on Yemen has already pushed up gold prices by Rs 700 per 10 gm in the past one week, read more