Gold Export

First global gold exchange in India aims to create regional bullion hub

The India International Bullion Exchange is expected to attract dealers, refineries and foreign banks, Chief Executive Officer Ashok Gautam said

India's gold demand for 2022 to be over 800 tonne, says World Gold Council

India's demand for gold will be between 800-850 tonne in 2022, said a top official of World Gold Council-India.

Gold imports up by 22.58% to $34.6 billion in 2020-21, CAD takes a beating

Gold imports, which have a bearing on the country's current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 trillion ) during 2020-21 due to increased domestic demand

Switzerland's monthly gold exports to India hit highest since May 2019

ndia and China are the world's two biggest gold consumers

Gold imports dip 40% in April-November to $12.3 billion as demand falls

Silver imports during April-November 2020 too dipped 65.7 per cent to about $752 million

Enough export orders but not enough manpower, say jewellery manufacturers

At present, an official government order allows for only 25 per cent of employees to attend work

Indians sell record amount of old gold as prices hit 7-year-high

Consumers sold 37.9 tonnes of the yellow metal in June quarter, says World Gold Council

Analysts see gold price hitting Rs 40,000 per 10 g by the end of the year

In Mumbai's physical market, standard gold (995 purity) was trading at Rs 36,850 on Wednesday, nearly Rs 1,000 lower than in the futures market

Govt allows export of gold idols of up to 24 carats with certain conditions

Exporters would also have to make clear distinction between a religious idol and simply moulded gold article/idol

Exporters fear India may lose $5.5 bn in gold medallion, coin exports

Exports of gold items above 22 carats of purity were banned by the government in August 2017

Finmin considering banning 24-carat gold jewellery export

In India 24-carat gold is used mostly in coins and bars