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 the current fiscal till November, an official statement said. The Indian Customs had seized 3.22 tons gold during the financial year […]

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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 reemerged across markets generally — commodities, equities, etc. If that volatility persists, it will be key. It is going to […]

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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 this week as high prices dented bullion’s appeal going into the holiday season, with buying interest in second biggest consumer India […]

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