Investors were uncertain about the fate of a 'phase-one' trade deal between the two economies
Rupee opened on a flat note and appreciated by 3 paise to 71.32 against the dollar in early trade on Thursday
Global equities edged off their highest in almost two years, but kept record levels in sight
World shares staged a cautious rally, while the safe-haven Japanese yen fell to a one-week low against the US dollar.
The drawback rates have been raised to Rs 372.9 per gram for gold jewellery from Rs 272 per gram, according to a notification of the finance ministry
Buyers shy away ahead of festive season as the precious metal trades at prohibitive prices; Karigars forced out of work
The clarification comes amidst media report indicating the government move to launch amnesty scheme that will allow individuals and entities to declare their unaccounted gold holding
Currently, the movement of gold is excluded from the e-way bill system
In India, silver has been a preferred asset for traders and stockists
The central bank's gold reserves is valued at about $27 billion as of October 18, latest data showed
Silver also witnessed buying as it rose Rs 670 to Rs 47,680 per kg from Rs 47,010 per kg in the previous trade
The markets came off by 10% between June and September
Bullion has climbed in 2019 as the U.S.-China trade war hurts global growth and central banks loosen policy
Govt action aims to arrest round tripping but will hurt genuine exporters
In the first six months (January to June) of this calendar year, India imported 427.8 tonnes of gold at a monthly average of 71.3 tonnes
Allowing banks to do local sourcing of gold that meets the standards will help solve many issues
Gold jewellery exports to the US in August increased 5.58 per cent to $910.87 mn
In global markets, both precious metals continued downward spiral
Demand is drying up at these price levels as consumers wait for correction before they buy
Today, gold needn't be held physically; which makes it truly an investment product that comes without the associate sentimental attachment