National News
Gold imports up 40.79 pc to USD 2.68 bn in Jan
The country’s gold imports in January rose by 40.79 per cent to USD 2.68 billion on account of increasing domestic demands, according to commerce ministry data.Gold imports stood at USD 1.9 billion in January 2024.Cumulatively, imports during April-January this fiscal year rose 32 per cent to USD 50 billion against USD 37.85 billion in the same period last fiscal year.
The increase in imports also indicates strong investor confidence in the precious metal as a safe asset. The other reasons include asset diversification towards gold due to global uncertainties, increasing demand from banks, and cut in customs duties.Prices of the yellow metal have increased 11 per cent so far this year to ₹88,200 per 10 gram in the national capital.
National News
India Gold, Silver Prices See Sharp Decline
Bullion Prices Have Come Under Pressure As Investors Recalibrate The Outlook For Global Interest Rates and Adjust Demand Expectations Ahead Of Key U.S. Economic Data.
Gold rates and silver rates in India crashed sharply on September 11, 2026, as investors awaited CPI inflation data of USA and India. MCX gold dropped nearly 1% to trade below Rs 1,51,600 per 10 grams mark, while MCX silver also declined 1% to struggle around Rs 2.32 lakh per 1 Kg level. This is due to global bullion market which is moving on a cautious note, coupled with rising crude oil prices and treasury yields.
Gold prices fell sharply in early trade on Friday, with benchmark futures on the MCX slipping below the Rs 1,51,000 per 10 grams level as shifting interest rate expectations weighed on the metal.
The MCX Gold October futures contract plunged to an intraday low of Rs 1,50,695 per 10 grams, down Rs 1,646, or 1.08%, from its previous close of Rs 1,52,341. By mid-morning, the contract had trimmed a portion of its losses to trade at Rs 1,51,474 per 10 grams, down Rs 867, or 0.57%.
The slide follows a session of losses on Thursday, when the October contract settled lower at Rs 1,52,341, down from Rs 1,53,763 on Sept 9.
Bullion prices have come under pressure as investors recalibrate the outlook for global interest rates and adjust demand expectations ahead of key U.S. economic data. The trajectory of the U.S. dollar and government bond yields continues to dictate near-term direction across precious metals markets.
-
National News2 hours agoFestive Gifting Opportunity – Lukson | Ganesh Chaturthi & Durga Puja 2026
-
National News1 hour agoIndia Gold, Silver Prices See Sharp Decline
-
National News1 hour agoSeptember’s Blue: 5 Sapphire Jewels To Know From Irasva Fine Jewellery
-
New Premises5 hours agoBHIMA Opens Grand New Showroom In Cuddalore By Actress Aishwarya Lekshmi
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.