Import levy cut to 6% from 11%, AIDC pruned to 1%; move may curb smuggling

A drop in gold price can lead to increased jewellery demand, improving their revenue and profits Market experts believe the price of yellow metal could drop between ₹300 and ₹500 per gram going ahead

The precious metal’s brilliance lies not just in its physical form, but also in its adaptability to diverse investment strategies

No plan to stop the issuance of Sovereign Green Bonds, says a Senior official

Gold can rise to ₹75,000 if the facing resistance at ₹71,300 is breached and silver at ₹85,000, with potential gains if these levels are breached

Spot gold rose 0.14% to $2,446.83 per ounce, while US gold futures increased by 0.8% to $2,488.50. 

The Association for Gold Excellence and Standards will frame good practices to be followed by the entire value chain of the industry, including bullion, jewellery manufacturers and retailers

‘The code of conduct will be different for each segment of players across the value chain’

Window for redemption of SGBs issued between 2017 and 2020

Manufacturers have noted that in some cases, orders have reached levels not seen in several years, underscoring the strong buying interest among jewellery retailers and consumers alike

Merchants’ association urges Centre to review decision on mandatory hallmarking and HUIC certification for purifying old ornaments

Analysts attribute the fall in gold prices to weak global cues

Globally, silver was trading 0.46% lower at $28.22 per ounce in New York

The new locations will be in key markets across India, the GCC countries, and the USA, bringing the total number of showrooms worldwide to 375.

The rise was primarily driven by a drop in the US dollar and lower 10-year Treasury yields due to potential Federal Reserve rate cuts.

Sales up 20% during Ganesh Chathurthi, wedding demand could buoy demand for the precious metal further

Silver probing a barrier

Recent data reveals a significant increase in trading volume, with retail holdings growing 63 per cent year-on-year. 

A crisis accompanying the rate cut cycles had given the safe haven push for the yellow metal 

It serves multiple purposes as it acts as a hedge against inflation and provides stability during economic downturns

Gold has rallied nearly 30 per cent this year, hitting a series of record highs.

US Fed rate cut, weak dollar and rising geopolitical tension to aid the precious metal’s surge

Gold demand in India has remained robust, particularly following an initial surge after the import duty cut

Traders can retain the longs

The market now awaits US Fed meeting minutes, CPI data, and the RBI policy decision, which could impact the rupee and gold prices

Gold prices surged by ₹1,150 to ₹78,500 per 10 grams, while silver prices rose by ₹1,500 to reach ₹93,000 per kg

Digital gold can be easily converted to cash or physical gold, giving investors flexibility to trade without incurring heavy transaction costs or delays

US presidential polls uncertainty, jobless claims and new Israeli attack on Hamas add more glitter

Gold jewellery demand this Dhanteras is expected to be subdued due to a 5% surge in bullion prices, now at ₹77,410 per 10 grams

Retain the long positions 

Jewellery brands in India are devising newer strategies and refining their existing approaches to alleviate the impact of soaring gold prices

To improve security standards and ensure compliance with government regulations, all high-security safes are now mandated to carry an ISI mark

The sector’s ability to adapt while maintaining its cultural essence suggests a robust future

Silver has shown impressive growth in 2024, recording gains of over 40 per cent year-to-date and surpassing the ₹1,00,000 mark domestically

The RBI held about 60 per cent of its gold reserves in safe custody in India as at September-end 2024 against about 50 per cent as at March-end 2024

Gold prices have been hovering above Rs ₹78,600 per 10 gm-level consistently despite weak demand due to ongoing global geopolitical turmoil in West Asia and Russia-Ukraine

The value of gold demand also increased dramatically by 54% to ₹1.65 lakh crore.

Gold rallied ₹1,000 to breach the ₹82,000 per 10 grams level for the first time on Wednesday

Traders wait for a breakout

Abstract: China’s diverse industrial sector is the driving force of the nation’s post-1978 economic “miracle.” While conditions will change in the coming decades as nations in South and Southeast Asia and Africa with lower cost labor and land make inroads, China remains a vibrant manufacturing sector that must be credited with both the nation’s

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Abstract: Variations in cuisine among the Tibetan minority of China are due in part to environmental diversity. Different ecologies yielded varied adaptive strategies of resource use (economies), and resulted in three main types of food production: pastoralism, agriculture, and a mixed economy with both kinds of production. These strategies in turn affect the type

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Abstract: In Chinese history, the practice of collecting recipes evolved along two parallel but interacting trends. The first placed food within a medical context in order to nourish the body and heal different ailments. The second was concerned with technical aspects as well as the aesthetic enjoyments of food. Beginning with twenty recipes found

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Abstract: China has a long history of dairy production and consumption. Milk was appreciated for its culinary and medicinal uses, with successive dynasties expanding production and acquisition of pastoral animals. Now China is one of the world’s great dairy nations. Dairy was first commercially available in cities, but advances in packing and shipping have

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Abstract: Lanzhou, the capital of Gansu Province, is home to one of China’s best-known noodle dishes: Lanzhou lamian. Created over a century ago, these hand-pulled beef noodles are a simple yet delicious regional specialty emblematic of both the city itself and the Hui Muslim people of the northwest. Lanzhou lamian have steadily acquired popularity

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Abstract: Non-rennet cheeses have existed in China for almost two millennia. Such cheeses reflect the influence of the foodways of pastoralists from the steppes, especially Persians and Turks. Premodern Chinese adopted the milking practices of these peoples and incorporated cheese and other dairy products into their diets. These ancient cheese-making practices survive nowadays in

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Abstract: First introduced into China by the Japanese in the 1930s, crayfish became popular in the Nanjing area in the early 1990s as part of a dish prepared with Sichuan pepper and spices. China is now the top consumer and producer of crayfish, which has gained acclaim as a luxury item prepared in a

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Abstract: The cooking of the Macanese, an ethnic group originating in Macau, represents one of the earliest examples of creole cooking. What can be seen on the dining plates of these people reflects history and culture dating back to the seafaring discoveries of the Portuguese. Macanese cuisine demonstrates how Portuguese culinary traditions have been

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Abstract: UNESCO Biosphere Reserves were first established under the Man and Biosphere Programme of UNESCO in the 1970s. Their mandate has expanded beyond conservation to include sustainable development and local capacity enhancement. As institutions under UNESCO, they also work on “building peace” by seeking to reconcile relations between peoples, and between people and the

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Karin Vaneker, a writer and activist in the Netherlands, has been helping me by tackling subjects that haven’t yet attracted much scholarly research for the second edition of the Encyclopedia of Sustainability. She’s written, for example, on including composting and community gardens - important, relevant, and yet somehow a little too close to home

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Our friend and colleague Catherine ZHOU kindly translated some introductory sections from Karen Christensen's  in-progress book Home Ecology. Versions of these tips were included in some of her previous books, and she is busy compiling and writing a new guide that will focus on preparing for climate change, but also deal with other issues close

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