gold price

China’s largest gold miner posts gloomy results


August 11th, 2012 - 1:02 pm ICT by IANS
Beijing, Aug 11 (IANS) Zijin Mining Group Co., China's largest gold producer by output, Saturday said its net profits slumped 19.95 percent year-on-year in the first half of 2012 as ... Read more...

Posted in Business |

US gold and copper prices ease


March 13th, 2012 - 12:29 am ICT by Aishwarya Bhatt
New York, Mar 12 (THAINDIAN NEWS) In some good news for gold lovers, the price of the priced commodity has dropped. And along with gold, price of copper has eased as well. ... Read more...

Posted in Business |

India’s gold consumption down


February 16th, 2012 - 4:39 pm ICT by IANS
New Delhi, Feb 16 (IANS) India's gold consumption in 2011 fell by seven percent to 933.4 tonnes, down from 1,006.3 tonnes, due to volatility in rupee value and the tightening ... Read more...

Posted in Business |

Gold price pushes India’s forex kitty to $320.78 bn high


September 10th, 2011 - 3:45 pm ICT by IANS
Mumbai, Sep 10 (IANS) India's foreign exchange (forex) reserves rose by $1.61 billion to hit an all-time high of $320.78 billion for the week ended Sep 2 on the back ... Read more...

Posted in Business |

Soaring gold price dampens consumer sentiment


August 20th, 2011 - 10:01 pm ICT by IANS
New Delhi/Mumbai, Aug 20 (IANS) Soaring gold price caused by international economic concerns seem to have dampened sentiments of the domestic consumers who are being deterred by an all-time high ... Read more...

Posted in Business |

India, China driving gold demand despite high price: Council


August 18th, 2011 - 1:10 pm ICT by IANS
London, Aug 18 (IANS) Accounting for over half of global gold demand, India and China have driven the sales of this precious metal to near-record levels during the first half ... Read more...

Posted in Uncategorized |

Reliance Commercial Finance launches loan against gold units


May 9th, 2011 - 4:27 pm ICT by IANS
New Delhi, May 9 (IANS) Financial services firm Reliance Commercial Finance (RCF), part of the Anil Dhirubhai Ambani Group, Monday launched a unique initiative offering loan against gold held in ... Read more...

Posted in Business |

India Post to sell gold coins during festive season


October 27th, 2010 - 10:52 pm ICT by IANS
New Delhi, Oct 27 (IANS) India Post Wednesday said that it will be offering 24-carat branded gold coins during the festival season.India Post has been selling the 24-carat coins produced by ... Read more...

Posted in Business |

ATMs Selling Gold Bars Coming To USA


September 28th, 2010 - 7:46 pm ICT by GD
By Ranjan Bhaduri Sep 28, (THAINDIAN NEWS) A German company known for installing and operating GOLD vending apparatus is soon going to introduce such machines in the United States and the machines will ... Read more...

Posted in World News |

Gold Prices Soaring, But It May Plunge Soon


September 16th, 2010 - 6:54 pm ICT by GD
By Ranjan Bhaduri Sep 16, (THAINDIAN NEWS) GFMS - the independent metals research consultancy based in London has said that the price of Gold may touch $1,300 per ounce within this calender year. ... Read more...

Posted in Business |

Gold may surge to Rs.22,000 per 10 grams by year-end


September 12th, 2010 - 2:33 pm ICT by IANS
New Delhi, Sep 12 (IANS) Gold price may surge to a record Rs.22,000 per 10 grams by the end of this year as uncertainty in the US and European economies forces investors ... Read more...

Posted in Business |

Gold demand will continue for rest of 2010


August 25th, 2010 - 5:44 pm ICT by IANS
New Delhi, Aug 25 (IANS) The allure of gold as an investment instrument is expected to stay strong in India and elsewhere in the world this year, the World Gold Council said ... Read more...

Posted in Business |

Nepal hikes duty to stop gold rush to India


March 15th, 2010 - 4:27 pm ICT by IANS
Kathmandu, March 15 (IANS) Gold becomes dearer in Nepal from this week to prevent rampant smuggling to India after the Indian government hiked duty on the yellow metal. Heeding the urging by gold ... Read more...

Posted in Business |

India retains top slot as gold consuming nation


February 18th, 2010 - 8:01 pm ICT by IANS
Dubai, Feb 18 (IANS) A strong recovery in domestic demand during the last three quarters of 2009 helped India reclaim by the year-end its position as leading gold purchaser, having bought a ... Read more...

Posted in Business |

Gold loses lustre among Indian customers due to rising price


February 10th, 2010 - 6:35 pm ICT by ANI
New Delhi, Feb. 10 (ANI): Gold has lost its lustre among Indian customers due to its rising prices.International spot gold, which guides the domestic market, has continued its upwards trend in recent ... Read more...

Posted in Business |

People preferring diamonds to gold in Kolkata


November 28th, 2009 - 6:41 pm ICT by ANI
Kolkata, Nov. 28 (ANI): People in Kolkata are inclining towards buying diamond jewellery because of sky rocketing prices of gold jewellery.Gold spot price surged to 1,195 dollars on Friday as the dollar ... Read more...

Posted in National |

Diamond sales keep interest in gold alive


October 15th, 2009 - 4:36 pm ICT by IANS
By Aparajita Gupta Kolkata, Oct 15 (IANS) The fact that people are opting for diamonds as gold prices are skyrocketing has actually kept interest in the yellow metal alive -- to an extent."Gradually, ... Read more...

Posted in Business |

Saudis deny secret meetings to end dollar as oil currency


October 6th, 2009 - 9:36 pm ICT by IANS
London/Dubai, Oct 6 (DPA) The director of Saudi Arabia's central bank Tuesday denied press reports suggesting that Gulf states had held secret talks to replace the dollar as the prime currency on ... Read more...

Posted in World |

Dubai imports 300 tonnes of gold in 2009 first half


August 6th, 2009 - 8:18 pm ICT by IANS
Dubai, Aug 6 (IANS) The gold trade in Dubai reached $14.69 billion in the first half of 2009, an increase of 12 percent over the like period in 2008, with the gold ... Read more...

Posted in Business |

Gold sale up 14 percent on Akshaya Tritiya


April 30th, 2009 - 3:53 pm ICT by IANS
Mumbai, April 30 (IANS) Gold sales across the country zoomed 14 percent in value terms April 27, this year's Akshaya Tritiya, compared to the auspicious day last year, the World Gold Council ... Read more...

Posted in Business |

Rising prices deter gold buyers in Kolkata


March 2nd, 2009 - 5:11 pm ICT by ANI
Kolkata, Mar 2 (ANI): The rising gold prices have proved a deterrent to buyers of ornaments in Kolkata. A four-day matrimonial fair saw people from all over the city thronging the venue ... Read more...

Posted in Business |

Gold price reaches record high


February 17th, 2009 - 9:56 pm ICT by IANS
Mumbai, Feb 17 (New Delhi) Gold prices Tuesday zoomed Rs.360 to a record high of Rs.15,200 per ten grams in Indian bullion market on strong global cues and support from a weak ... Read more...

Posted in Uncategorized |

India Dubai’s top trading partner in gold


August 9th, 2008 - 7:18 pm ICT by IANS
Dubai, Aug 9 (IANS) India was Dubai's top trading partner in gold in the first half of 2008, according to the Dubai Multi Commodities Centre (DMCC). India, Switzerland and Canada were the ... Read more...

Posted in World |

Gold ornament price sees slight increase


July 24th, 2008 - 10:44 am ICT by Amrit Rashmisrisethi
The Gold Traders Association of Thailand announces today (July 23rd) that a gold ornament of 15.2 grams, is bided at 14,735.52 baht and offered at 15,450 baht. At the same time, ... Read more...

Posted in Thailand |

India may soon fix gold prices for global market(Lead)


April 21st, 2008 - 8:35 pm ICT by admin
Mumbai, April 21 (IANS) India, one of the leading gold consumers in the world, may soon manage to move from being a mere "price taker" to a "price maker" in the world ... Read more...

Posted in Business |

US stocks rally as gold surges


March 14th, 2008 - 7:20 am ICT by admin
DPA Washington, March 14 (DPA) US stocks rallied Thursday and gold reached $1,000 per ounce as analysts predicted that write downs related to sub-prime loans were nearing an end. Financial shares were helped ... Read more...

Posted in World |

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