Gold Archives - National Times

13 May

Import Duty on Gold, Silver Increased to 15% as Government Tightens Precious Metal Inflow

Rajeev Sharma0 CommentsBusiness, India, TrendingGold, Silver

New Delhi (Rajeev Sharma): In a major policy move, the Centre has revised customs duties on imported precious metals, raising the effective levy on gold and silver to 15 per cent with immediate effect. The decision, announced through a notification by the Finance Ministry, introduces a 10 per cent basic customs duty along with a 5 per cent Agriculture Infrastructure and Development Cess, significantly increasing the cost of bringing precious metals into the country. The revised duty structure, effective from May 13, covers imports of gold, silver, platinum and various industrial products connected to the jewellery sector. Officials indicated that…

25 Mar

Dubai Gold Plunges 14 Days Straight; 24K Hits Dh523 (₹13,380), India Prices Remain Higher

Rajeev Sharma0 CommentsTrending, World NewsDubai, Gold

Dubai ( Bureau):– Dubai’s gold market is witnessing a dramatic slide, with 24-karat gold dropping to Dh523.25 per gram, marking the 14th consecutive day of decline amid global economic uncertainty. Even 22K gold fell below Dh485 per gram, rattling bullion traders and buyers. The fall is driven by rising global interest rates, a stronger U.S. dollar, and geopolitical tensions in the Middle East, which have intensified market volatility. When converted to Indian currency, the Dubai 24K gold price translates to approximately ₹13,380 per gram (1 AED ≈ ₹25.57), which is still lower than retail prices in India, where 24K gold…

29 Jan

Records broken as gold touches Rs 1.75 lakh mark

Rajeev Sharma0 CommentsBusiness, India, TrendingGold

New Delhi (Rajeev Sharma): Precious metal prices surged sharply in early trade on Thursday, with gold and silver hitting new lifetime highs in the domestic futures market amid a rally in global prices and a significant weakening of the rupee. Gold futures climbed by about 6 per cent to breach the Rs 1.75 lakh level, reaching Rs 1,75,869 per 10 grams during morning trade. Silver followed a similar trajectory, rising nearly 6 per cent to scale a fresh record of Rs 4,07,456 per kilogram. Traders attributed the sharp rise to strong momentum in overseas bullion markets, where prices have been…

19 Oct

Gold Drops Rs 2,400, Silver Falls Rs 7,000 Amid Festive Buying Spree

Gurpreet Singh0 CommentsIndiaDiwali, Gold, Prices, Silver

National Times Bureau :- Gold prices in Delhi dropped by ₹2,400 to ₹1,32,400 per 10 grams on Saturday, pulling back from record highs even as customers crowded jewellery stores to buy on Dhanteras, marking the start of the Diwali festive season. According to the All India Sarafa Association, gold of 99.9% purity had soared by ₹3,200 a day earlier, reaching an all-time high of ₹1,34,800 per 10 grams. In the local bullion market, gold of 99.5% purity also slipped by ₹2,400 to ₹1,31,800 per 10 grams (including all taxes), after touching a lifetime high of ₹1,34,200 on Friday. Gold prices…

07 Oct

Gold Futures Hit Record Rs 1.20 Lakh Mark Amid Global Uncertainty, Silver Also Gains

Rajeev Sharma0 CommentsBusiness, India, TrendingGold

Mumbai (Rajeev Sharma): Gold prices hit an unprecedented high in futures trade on Tuesday, climbing to Rs 1,20,900 per 10 grams on the Multi Commodity Exchange (MCX), as rising global uncertainty and renewed safe-haven interest drove investor sentiment. The rally in gold was spurred by a combination of domestic speculative buying and international developments that have rattled financial markets. Market participants attributed the surge to strong demand in the spot market, fears of a prolonged U.S. government shutdown, and growing expectations that the U.S. Federal Reserve may shift towards a more accommodative monetary stance amid economic concerns. December 2025 gold…

27 Jul

India’s UK Trade Deal Offers Tariff Cuts on Cakes, Cosmetics, Jet Engines—But Keeps Gold and Tea Protected

Rajeev Sharma0 CommentsBusiness, IndiaCETA, cosmetics, Gold, India-UK FTA, pastries, pet food, tariff concessions

New Delhi, July 27, 2025: India has extended tariff concessions to an array of British goods under a new free trade agreement (FTA) signed with the United Kingdom, including pastries, pet food, and cosmetics, while shielding sectors deemed sensitive to domestic interests.The Comprehensive Economic and Trade Agreement (CETA), signed on July 24, grants phased tariff cuts to nearly 90% of UK-origin products. According to the Global Trade Research Initiative (GTRI), the deal reflects a calibrated approach that opens India’s markets gradually, giving domestic manufacturers time to adjust.Under the agreement, tariffs will be eliminated on a wide range of consumer goods…

15 May

Gold Price in India Tumbles Amid Shift in Geopolitical Tensions

Rajeev Sharma0 CommentsBusiness, IndiaGold

New Delhi (National Times): The gold market saw a notable downturn on Thursday, falling to levels not seen in over five weeks. The pullback reflects a broader trend away from safe-haven assets as geopolitical tensions cool and investor focus pivots to risk-on strategies. Spot gold fell by nearly 0.8%, trading at $3,153.09 per ounce, while futures in the U.S. slipped 1% to $3,156.90. The price action confirms what many traders feared—a decisive breach below the psychological $3,200 level, which could open the door to further downside. “Once gold dropped below $3,200, it invalidated the near-term bullish setup,” noted a commodity…

22 Apr

Gold Just Touched Rs 1 Lakh; Here’s Why Everyone’s Talking About It

Rajeev Sharma0 CommentsIndiaGold

Chandigarh (National Times): Gold is glittering like never before, Rs 1 lakh per 10 grams, to be exact. That’s a new record, and it’s left many people, especially middle-class families, a bit stunned. Buying gold has long been a trusted savings strategy, especially among Indian homemakers. Even Uday Kotak chimed in on social media, saying, “The Indian housewife is the smartest fund manager in the world.” But this price hike has made everyone, from casual buyers to serious investors, pause and ask: Why is this happening? And will prices cool down? What’s Behind the Gold Rush? Dollar is Struggling: A…