Asia Gold-Safe haven lure fails to lift demand; Indian jewellers stock up
* Higher prices dampen appeal
* China premiums ease to $3-$7 an ounce
* Spot gold on track for biggest weekly gains in three
* Dealers in India offer $2/oz discount
Physical gold demand lacked vigour in most...
New gold policy likely soon; looking at all aspects of yellow metal: Suresh Prabhu
The domestic industry has demanded a cut in import duty on gold to 4% from the current 10%.
The government is working on an integrated gold policy, which is expected to be released soon, to...
Gold jewellery demand to grow 6-7% in medium to long-term: ICRA
ICRA expects these regulatory measures to continue to accelerate the formalization of the sector, and the market shares of organized players are accordingly expected to increase.
ICRA has a stable outlook on gold jewellery retail...
GST exemption on warehoused gold a major relief to jewellery exporters
Banks will have to import gold and store it in a customs-bonded warehouse, and then supply to exporters without customs clearance; no relief for bullion refineries, however
Banks and jewellery exporters have a reason to...
66 kg smuggled gold seized by DRI, total seizure 2.63 tons this fiscal
A total of 66 kg smuggled gold valued at Rs 21 crore was seized by the Directorate of Revenue Intelligence (DRI) last week, taking the total seizure to about 2.63 tons of gold for...
Pretium buys back gold-silver stream, closes $480m debt deal
Pretium Resources Inc. (TSX, NYSE: PVG) has closed on the previously announced $480 million debt facility to refinance its existing construction credit facility.
The company has also repurchased 100% of the callable 8% gold and...
Why 2019 could be a stellar year for gold
Gold has gotten a boost over the past three months, rising more than 4%, as investors flock to so-called “safe-haven” trades, and the commodity is headed even higher in 2019, according to strategists.
“Volatility has...
Asia Gold-High prices leave demand in the doldrums ahead of holidays
Discounts widen in India, jewellers hold off on fresh purchases
Activity quiet in China, premiums narrow to $5-$6.50/oz
Singapore premiums ease slightly to $0.50-$0.60/oz
Demand for physical gold was lacklustre in major Asian hubs...
Golden Rim’s mineral resource extends into new permits
Golden Rim Resources has entered into a binding Heads of Agreement to acquire all the shares in Lafi Gold which indirectly owns two exploration permits, Goueli and Margou, that adjoins the company’s 100% owned...
School of Jewellery helps to reconstruct Staffordshire Hoard Helmet
Birmingham City University’s School of Jewellery has helped to produce two reconstructions of a high-status helmet contained within the Staffordshire Hoard.
Two reconstructions of the helmet have been created, nearly ten years since the Staffordshire...
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