BSF foils gold smuggling bid
Meanwhile, the BSF foiled a gold smuggling attempt and arrested a farmer with 1.2 kg of gold worth Rs 86,00,471 at the India-Bangladesh border.
Meanwhile, the BSF foiled a gold smuggling attempt and arrested a farmer with 1.2 kg of gold worth Rs 86,00,471 at the India-Bangladesh border.
The World Gold Council (WGC) pegged a drop of 5% in gold demand in the April – June 2024 quarter at 149.7 tonnes.
AIGJDC Chairman Saiyam Mehra said that this was a long-standing demand from the All India Gems and Jewellery Domestic Council, which represents the entire gems and jewellery industry.
The gold was stacked in the house of a person in the Koyul village near the Line of Actual Control (LAC) with China.
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The dollar index, which gauges the greenback's strength against a basket of six currencies.
Bull run continues in the bullion market amid high uncertainty and with the likelihood of new coronavirus cases not declining…
The centuries old gold market of the city has seen a drastic fall in sales during the past few months. Even after the reopening of shops, the gold traders have not seen a day with good income.
Besides the gold and silver reserves, these temples have around Rs 400 crore in cash and banks as fixed deposits.
The industry has been hoping that the import duty on gold would be slashed from 12.5 per cent to 4 per cent in this year’s budget which would have brought much relief to the sector which has been reeling due to liquidity crunch.