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Tag Archives: gold

Lower duty to reverse gold smuggling trend

The current trend of gold smuggling from Nepal to India is going to reverse. The budget for the next fiscal year 2015-16 – starting from July 17 – has lowered import duty of gold to stop smuggling from Nepal but

Global consumer demand for gold at unprecedented levels, China world’s largest gold market

Consumers around the world bought gold in record amounts in 2013, led by demand in China and India, with China becoming the world’s biggest gold market, according to the latest World Gold Council Gold Demand Trends report. In Western markets

Gold price drops to Rs 54,000 per tola

The precious yellow metal price has dropped by Rs 800 per tola (11.664 gram) in a week to Rs 54,000 this week. The market saw the trading of gold at Rs 54,000 per tola today, from Sunday’s Rs 54,800 per

Central bank revises gold supply quota upwards for six months

The central bank has revised gold import quota upwards by five kg for six months starting from January 15. Earlier in August, the central bank had increased the precious yellow metal supply quota – on the request of bullion traders

Gold price drops by Rs 2,300 per tola in last three weeks

The gold price dropped in the domestic market today by Rs 2,300 to Rs 51,700 per tola (11.664 graam) in last three weeks. The precious yellow metal price is fixed in the domestic market on the basis of international market

Central banks continue to accumulate gold

Central banks across the globe continued to accumulate gold, albeit at a slower rate than the elevated levels seen in 2012, according to a global report. “Year-to-date, global central bank gold reserves have increased by almost 300 tonnes,” said the

US dollar gains, pushes gold price up too

The Nepali rupee today dropped to less than Rs 100 against the greenback. Though the central bank has fixed Rs 99.72 as the reference selling rate for one US dollar for today, the banks sold a US dollar at above