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Moving a step closer towards setting up a spot gold exchange, a steering committee of industry bodies has defined the structural framework for the exchange.

Industry suggests framework for gold bourse

Product specifications should be broad enough to appeal to a range of customers but narrow enough to promote liquidity.

5 Aug 2019 3:38 AM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

No takers for officially imported gold

After duty was raised from 10 per cent to 12.5 per cent, demand for officially imported gold vanished.

2 Aug 2019 1:53 AM IST