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Gfms Thomson Reuters

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Why gold prices fell by over 5% in just 15 days

Reversal is because of strengthening rupee, subdued demand, and lack of reasons for bulls to continue positions and speculation of reduction in import duty. Gold prices seem to be reversing from......

RBI adds 2.5 tonnes of gold to forex reserves in Q4

India’s gold holding in forex reserves rose to 560.3 tonnes by the end of March 2018. The Reserve Bank of India (RBI) has added 2.5 tonnes of gold to foreign exchange reserves for the......

Why gold prices are likely to spike this year

Geopolitical climate and equity markets as supportive for gold’s role as a risk hedge. GFMS Thomson Reuters has painted a bullish outlook for the global price of gold this year. The average......

Hawala premiums double as gold smuggling zooms

Gold imports through official channels may have come down sharply, but it’s boom time for smugglers. In the past couple of months, hawala premiums have doubled to 2.5-2.8 per cent, as......

Jewellers worried over hallmarking rules

Those selling ornaments with lower purity might now offer hefty discounts in order to get rid of non-hallmarked stocks Reports of compulsory hallmarking of gold jewellery after the government......

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