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Metals

India’s 2015-16 gold imports seen at 900-1000 tn: Refiner

India's 2015-16 gold imports seen at 900-1000 tn: Refiner

The value of India’s gold imports could plunge over 18 percent to USD 28 billion this fiscal year due to lower prices and despite likely higher volumes, the head of the country’s biggest gold refiner said, helping to narrow the trade deficit. Gold is India’s second-biggest expense on the import bill after oil, and purchases […]

Sensex, Nifty gain for 4th day; banks soar, RBI policy eyed

Sensex, Nifty gain for 4th day; banks soar, RBI policy eyed

  The market closed higher for the fourth consecutive session on Monday, aided by ICICI Bank, State Bank of India and ITC. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.5 percent and 0.9 percent, respectively. The 30-share BSE Sensex advanced 72.50 points to 28187.06. The 50-share NSE Nifty failed […]

Gold tumbles Rs 320, silver hit 5-year low on global cues

Gold tumbles Rs 320, silver hit 5-year low on global cues

Gold prices on Friday fell by Rs 320 to trade at Rs 25,050 per 10 gm and silver cracked the Rs 34,000-level to trade at about five-year low at the bullion market here due to a weak trend in global market and slackened demand from jewellers and retailers. Bullion merchants said a weak global trend […]

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