Gold prices softened by 0.12 percent to Rs. 29,784 per 10 grams at the futures trade as participants lowered their bets due to a weak trend overseas. At the Multi Commodity Exchange, gold for delivered on far-month February 2018 fell Rs. 36 or 0.12 percent to Rs. 29,784 per 10 grams in a business turnover of 75 lots. Likewise, the yellow […]

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Imports of gold and other precious metals will attract 3% IGST, payable by the importing bank /nominated agency, the Central Board of Excise & Customs (CBEC) has clarified in its latest set of FAQs related to the gems and jewellery industry. The amount paid can however be taken as input credit by the banks, it […]

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Gold demand in India remained sluggish this week as local prices jumped to their highest level in nearly three months and a rally in global prices of the precious metal dampened fresh buying elsewhere in Asia. “Demand is still weak. From the next week demand could improve due to festivals,” said Harshad Ajmera, the proprietor […]

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The World Gold Council (WGC) has released its gold demand trends for Q2 2017 noting a weak demand for gold jewellery in the UK. According to the report, gold jewellery demand was down by 4% across Europe, stipulating that demand was “particularly anaemic” in the UK, where prolonged uncertainty over Brexit deterred anxious consumers. In […]

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