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Gold prices react to US Fed rate cut
Record Indian gold imports help drive bullion’s rally
India’s gold imports hit their highest level on record by dollar value in August at $10.06bn, according to government data released Tuesday. That implies roughly 131 tonnes of bullion imports, the sixth-highest total on record by volume, according to a preliminary estimate from consultancy Metals Focus.
Gold Rises to Record After Fed Makes First Rate Cut Since 2020
Gold pulled back from a record high after Federal Reserve Chairman Jerome Powell signaled policymakers aren’t in a rush to aggressively lower interest rates following Wednesday’s half percentage point cut by the US central bank.
Gold pushes to new record, silver pops 2.5%, with Fed rate cut seen as bullish
Gold futures climbed to a fresh record high Thursday a day after the Federal Reserve launched its monetary easing cycle with a 50 basis points interest rate cut, which is seen as bullish for gold since lower borrowing costs benefit the metal,
India Today on MSN
38m
Jewellery | The new gold rush
Big corporates vie with each other for a pie of India's burgeoning jewellery market, offering consumers authentic products ...
StringersHub on MSN
6h
India: Armed robbers raid home stealing gold jewellery in southern India
In a brazen incident in southern India's Tamil Nadu, armed robbers entered a home and made off with valuable gold jewellery.
51m
Rural gold buying to boost festive season demand in India: WGC
The World Gold Council reports that rural gold purchases during the festive season will boost gold demand in India. Favorable ...
National Herald
9h
India's gems, jewellery sector vulnerable to money laundering, terrorist financing: FATF
The Paris-headquartered global body said in its mutual evaluation report for India released on Thursday, 19 September that ...
retail.economictimes.indiatimes
11d
Gold jewellery retailers' sales to surge 22-25 pc in India after sharp duty cut
Jewellery: The incremental growth will be driven by higher volumes even as retail gold prices come down from their lifetime ...
2h
Purity and sanctity in Gold: Insights from Malabar Group Chairman M P Ahammed
The purity of a gold ornament is determined by the amount of pure gold it contains, typically measured in karats.
1d
FATF Asks for Tighter Checks on India’s Precious Metal Deals
India must tighten checks on transactions involving precious metals and stones as several of these deals are conducted in ...
devdiscourse
3d
India's Gold Imports Soar Amid Festive Season Demand; Jewellery Exports Decline
India's gold imports jumped to USD 22.70 billion from April to August 2024, driven by festive demand and reduced import ...
4d
Octa broker forecast: what factors will affect the gold rate in India
DUBAI, United Arab Emirates, Sept. 16, 2024 (GLOBE NEWSWIRE) -- The price of gold is determined by market supply and demand - ...
money.rediff
10h
India's Gems, Jewellery Sector Vulnerable to Money Laundering: FATF
FATF highlights the vulnerability of India's gems and jewellery sector to money laundering and terrorist financing due to the ...
devdiscourse
2d
Middle East Offers Bright Prospects for Indian Jewellery Exporters: GJEPC Report
The Gem & Jewellery Export Promotion Council (GJEPC) has identified the Middle East, particularly Saudi Arabia and Kuwait, as ...
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