1. smuggling

    Smuggling Gold In India Is Big Business, Here’s The Facts

    Many don't know, but India is the world's largest consumer of gold. Time and time again, people try their luck with smuggling gold out of the country. Back in 2013, there was a high tax or duty introduced to the country. The reason for the new tax hike was in a jurisdiction with the government tryin…Read More

  2. Gold

    Gold and Silver Prices Fall Sharply

    Gold and silver prices fall sharply in Indian markets, tracking a decline in global markets. On MCX, August gold futures fell 0.50% to ₹34,347 per 10 gram while October contracts declined 0.6% to ₹35,206. Silver contracts saw a sharper fall, with September contracts on MCX declining nearly 1% to…Read More

  3. gold prices

    Gold Trades at Discount Price in India

    High gold prices prompt some Asian consumers to sell back physical gold this week in a hunt for profits. Cheaper silver emerges as a preferred investment. Some investors use temporary price dips to buy, hoping to cash in on a further leg up. Demands remain sluggish in India as prices hold at record …Read More

  4. India

    Gold Prices in India Switch to Premium

    Due to firmer demand in the domestic market, gold prices in India flipped into premiums this week. Buyers in top consumer China took advantage of lower bullion prices and increased purchases. Dealers charge a premium of about $1 an ounce over official domestic prices in India. That contrasts with la…Read More