With revenues falling, taxman rakes up three-year-old demonetisation cases; about 15,000 jewellers sent tax demands
Tax authorities are within the rights to demand tax on past revenue, which takes time to scrutinise, but it is highly unusual for officials to demand the entire revenue as tax.
India’s gold demand is expected to fall to its lowest level in three years in 2019, the World Gold Council (WGC) said on Tuesday, as domestic prices climb to a record against a backdrop of falling earnings in rural areas, a key source of custom for the precious metal
India's gold demand slumped 32 percent to 123.9 tonnes in the September quarter as higher prices and economic slowdown reduced the appetite for the yellow metal, according to a report
Jewellers pin hope on Dhanteras, Diwali for revival in demand but expects 20-40% fall over last year's festive sales
Jewellers are pinning hope on Diwali for a revival in demand, though they are expecting that the sales may fall by 20-40 percent over last year's festive business
India's gold demand ticks up ahead of festival season, high prices dampen consumer interest in other Asian hubs
In top gold buyer China, bullion was sold at a premium of $9-$10 an ounce over the benchmark, unchanged from last week.
In Kashmir's traditional wedding season, businesses take massive hit as couples opt for simpler ceremonies due to restrictions
'This is the fifth wedding season since 2008 that has been hit by turmoil or other reasons, like the flood in 2014', said a wazwan cook
Gold prices slip from all-time high level, fall Rs 163 to Rs 36,807 per 10 gram on subdued demand from jewellers
After hitting an all-time high on Monday, gold prices slumped Rs 163 to Rs 36,807 per 10 gram in the national capital on Tuesday due to subdued demand from jewellers amid a weak trend overseas, according to the All India Sarafa Association
Gold nears Rs 36,000-mark per 10 gram on global cues; silver jumps Rs 935 on revival in industrial demand
Gold prices may trade higher in the coming days because of weaker dollar and speculations of US Fed rate cut, Patel said.
Gold prices rose by Rs 300 to Rs 33,870 per 10 gram in the bullion market here on Friday on fresh buying by jewellers and a firm trend overseas, according to the All India Sarafa Association
Extending its gains for a second consecutive day, gold prices Tuesday surged Rs 175 to Rs 33,370 per 10 gram in the national capital on fresh domestic demand, according to the All India Sarafa Association
Gold prices fall Rs 405 to Rs 32,385 per 10 gram on muted demand from local jewellers, positive global economic outlook
Spot gold was trading at $1,276.10 an ounce, while silver stood steady at $15.10 an ounce in New York.
Gold prices decline by Rs 100 to Rs 32,750 per 10 gram on sluggish demand from jewellers; silver advances
In the international market, gold was trading at $1,293.18 an ounce and silver at $15.19 an ounce in New York.
Gold prices decline by Rs 280 to Rs 32,830 per 10 gram on weak global cues, tepid demand from jewellers
Globally, gold price was quoted at $1,299.30 an ounce, down 0.31 percent and silver stood at $15.34 an ounce, lower by 0.13 percent in New York.
Gold snaps downward trend; rises Rs 200 to Rs 33,270 per 10 gram on renewed demand from jewellers, firm trend overseas
Globally, spot gold traded higher at $1290.60 an ounce and silver held steady at $15.08 an ounce in New York.
Gold falls Rs 360 to Rs 33,070 per 10 grams on subdued demand from local jewellers, weak trend overseas
Globally, spot gold traded lower at $1,284.77 an ounce and, similarly, silver was down at $15.06 an ounce in New York.
Gold prices fell by Rs 60 to Rs 34,530 per 10 grams at the bullion market on Tuesday backed by weak trend overseas amid easing demand from local jewellers at prevailing levels, according to All India Sarafa Association
Gold prices decline by Rs 210 to Rs 34,470 per 10 gm on muted demand from jewellers; silver surges by Rs 450
The prices of gold in the global market were also tad higher at $1,341.48 an ounce as against Tuesday's $1,323.80 an ounce.
Gold prices on Wednesday fell by Rs 115 to Rs 33,210 per 10 gram at the bullion market, tracking a weak trend overseas and tepid demand from local jewellers, according to the All India Sarafa Association
Gold snaps four-day rally on subdued demand, still stays above Rs 33,000-mark per 10 gram; silver also slides
In the national capital, gold of 99.9 percent and 99.5 percent purities declined by Rs 40 each to Rs 33,030 and Rs 32,880 per 10 gram, respectively.
Marketmen said a firm trend overseas, with investor appetite for risk curbed by worries over a partial US government shutdown, China-US trade tensions and faltering global economic growth, influenced gold prices here.