Gold: No Letting Up
Macroscopic review of bullions market.
silver
November 2024
July 2024
May 2024
February 2024
April 2023
January 2023
November 2022
July 2022
January 2022
Customs duty cut on gold, silver to boost domestic jewellery demand
The budget reduced customs duty on gold bars from 15% to 6%, gold dore from 14.35% to 5.35%, Silver bars from 15% to 6%, and silver dore from 14.35% to 6%.
Gold On A High
In the metals market, Gold has surged to a new all-time peak, Copper futures experienced substantial gain, and HRC Steel prices have declined 22.69% since the beginning of 2024.
From import duty cuts to licensing reform: What gem & jewellery sector expects from Budget 2024
The GJEPC has urged govt to cut import duty on gold, silver, and platinum bars to 4%; reduction in import duty on cut and polished diamonds to 2.5%.
Gem & jewellery exports cross ₹30,000 crore in FY23 despite volatile global markets
Growth was seen in segments like polished lab diamonds, gold jewellery, plain gold jewellery, coloured gemstones and silver.
Gold: The Safe Bet In 2023
The yellow metal had an impressive run in 2022 as it emerged as a safe haven due to rising inflation, geopolitical crisis, and recession fears. The trend is likely to continue in 2023.
Precious Metals Deliver Heavy Returns
Absolute returns generated by the asset class have been far better than equities and debt. Superior returns for precious metals are largely due to a weak rupee.
Hindustan Zinc cheers investors with dividend; stock rises 2%
The Vedanta Group company has declared its second dividend of ₹15.50 a share, or 775%, for FY23, amounting to ₹6,549.24 crore.
Hindustan Zinc Q1 profit up 56% to ₹3,093 cr on higher LME prices
The Hindustan Zinc stock rallies 1.43% to ₹283 while touching an intraday high of ₹286.75
Budget 2022: Slash zinc, lead, silver imports, says Hindustan Zinc
Regulations on the import of non-ferrous metals need to be revisited to empower the domestic market, says Hindustan Zinc CEO Arun Misra.
