Bullion

Ten grams of 22-carat gold is trading at Rs 46,500 after an increase of Rs 500

In Mumbai, the yellow metal is going at a discount of $7-10 per ounce while in Ahmedabad it is $7

With the US Federal Reserve lifting its policy rate by 75 basis points for the third consecutive time, analysts believe that gold will continue to face pressure in the near-term. Here is a report

The jury will begin deliberations on the case late on Friday

On July 29, PM Modi launched India's first bullion exchange at Gujarat's GIFT City. Experts believe it will usher in transparency in the gold's price-setting mechanism. Here is more about the exchange

IIBX has the potential to ease the hassle involved in importing precious metals

India International Bullion Exchange which will facilitate efficient price discovery with assurance of responsible sourcing and quality, apart from giving impetus to financialisation of gold in India

Spot gold was up 0.8% at $1,989.65 per ounce, as of 0723 GMT, hitting its highest since March 11. U.S. gold futures were up 0.9% at $1,993.40

The proposed business framework shall cater to B2B segments of the industry and shall also play a pivotal role in integrating the value chain participants in the entire bullion ecosystem, says NSE

Platform will be extended to spot gold exchange

IFSCA has envisioned the International Bullion Exchange as a 'Gateway for Bullion Imports into India', wherein all the such imports for domestic use will be routed via the exchange

In New Delhi, the price stands at Rs 47,140 per 10 gm. For Mumbai, the yellow metal is selling at Rs 47,380, while, in Chennai, it is at Rs 45,470

Spot gold was down 0.2% at $1,886.76 per ounce, after rising more than 1% in the previous session

Bullion is one of the best-performing commodities this month, erasing almost all of this year's losses.

The trend in the international markets was muted

Gold prices on Monday rose to Rs 45,520 per 10 grams in the national capital

3 exchanges are working towards a common platform and also competing together for international biz

The digital currency is a trading ground for a motley crew of retail players, speculative pros and exotic quants, while traditional investors have hitherto stayed on the sidelines

These associations collectively represent close to 2,200 members, engaged in retail sale and trade of bullion

In New Delhi, the price of 22-carat gold remained at Rs 49,600 per 10 gram, and in Chennai it jumped to Rs 48,860