India Gold Trade Lacklustre on Bank Strike
India domestic gold trading remained thin as most of the banks, the primary sellers of gold, were shut due to a strike, dealers said. For full story, click here
Articles Tagged "domestic"
India’s Gold Import Tax will have Little Impact
India’s doubling of import duty will have little impact on the domestic gold market. For full story, click here
India Gold Traders have aimed to fix local benchmark price
Market players declared that Indian gold traders are aiming to establish a domestic benchmark price for the yellow metal, although differing regional tax rules could hamper the push for uniform pricing. Anjani Sinha, MD and CEO of National Spot Exchange Ltd, stated: Currently, we have started spot deliverable contracts in six locations and we plan [...]
Gold rose on stockist push
Gold opened the week on a bullish note in the domestic market as stockists turned active purchasers in expectation of good wedding demand. For full story, click here
Gold bounced back in domestic markets
Gold is reported to have bounced back in the domestic markets in India on Wednesday on the back of reports that the yellow metal would soon regain the psychologically important $1,000 an ounce in overseas market and volatility in stock markets. Brokerage firm Karvy Comtrade Harish G stated: Gold prices have started falling from the [...]
