By 1049 GMT, spot gold had increased 0.7% to $3,469.84 an ounce, its best level since April 22, when it hit a record high of $3,500.05. A stronger dollar and forecasts on a U.S. Federal Reserve rate decrease helped gold to a more than four-month high on Monday, trading around $30 below all-time highs, while … Read more
On August 24, Sardar Vallabhbhai Patel International Airport was the site of two distinct operations carried out by the Ahmedabad Customs Air Intelligence Unit (AIU). Gold, Cigarettes Seized Onboard seizing almost two kilos of gold worth over ₹1.93 crore and illegal cigarettes worth over ₹8 lakh. During a routine check of Indigo flight 6E-1478, which … Read more
The Geological Survey of India (GSI) has discovered 10–20 tonnes of gold deposits in six districts of Odisha. Deogarh, Sundargarh, Nawarangpur, Kendujhar, Angul, and Koraput are the districts under question. The government is getting ready to put these mines up for auction. Mining Minister Bibhuti Bhushan Jena claims that Mayurbhanj, Malkangiri, Sambalpur, and Boudh are … Read more
While rising confidence in a 25 basis point rate drop helped markets, traders remained careful ahead of the Trump-Putin meeting and mixed US data. US Economic Signals Mixed Retail sales in July, a small increase in the US CPI, and a higher-than-expected PPI all showed that US consumers are still strong. Meanwhile, as longer-term price … Read more