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Gold bangles | pikist.com

India’s gold imports rebound in July after 79% fall in first half of 2020

The rise showed the first year-on-year increase in first half of the year. However, gold demand is forecast to slide to record low as virus-related restrictions left million jobless.
Gold bangles | Representational image | pikist.com

Govt plans amnesty scheme for illegal gold holdings to curb tax evasion and cut imports

Finance ministry plans to ask people with unaccounted holdings of gold to declare it to tax authorities and pay levies and penalty.
Woman trying gold bangles

Gold demand in India seen plunging to lowest on record as prices hit an all-time high

The consumption of gold fell 56% from a year earlier to 165.6 tons in the first half of 2020. The drop is unlikely to be made up during the rest of the year.
Representational image | Pexels

As gold price soars, so does India’s demand for loans against gold in pandemic season

India’s demand for gold-backed loans has risen as its price crosses Rs 50,000 per 10 gm, allowing families to borrow larger amounts against holdings.
Gold | Representational Image | Commons

This is the message behind the stunning rally in gold prices – world economy is in trouble

Coronavirus has unleashed a torrent of forces that are conspiring to fuel relentless demand for the perceived safety from turmoil that gold provides.
M. Sivasankar has been removed as principal secretary to Kerala CM Pinarayi Vijayan in connection with a gold smuggling case | File photo: ANI

Top Kerala IAS officer removed for links with woman behind UAE gold ‘smuggling ring’

M. Sivasankar was allegedly close to Swapna Suresh, the key figure in smuggling 30 kg of gold bars in a diplomatic bag bound for the UAE Consulate.
Gold bullion bars (representational image) | Bloomberg

Gold sparkles as Covid fears drive prices up to its highest since 2012

Gold is up 15% this year, buoyed by unprecedented stimulus to aid the global economy hurt by the Covid pandemic.
Woman trying gold bangles

Gold sales in India unlikely to revive before September

Demand for gold had already slowed due to high prices before the pandemic struck. Jewellers are now waiting for the festival season for a boost.
Gold bullion bars (representational image) | Bloomberg

India’s gold imports slump by 99.5% due to lockdown

India, the second largest consumer of gold in the world, has seen the lowest monthly inflow in records going back to 2010.
Representational image

GSI denies discovery of speculated 3000-tonne gold deposits in UP Sonbhadra

Geological Survey of India said the organisation carried out work in the region in 1998-99 and 1999-2000. However, the results of exploration work for gold were not encouraging.

On Camera

Representational photos | Hindu priests perform evening prayers at Dashashwamedh Ghat in Varanasi | Kanishka Sonthalia/Bloomberg

Want to preserve secularism in India? Well, preserve the Hindu ethos first

Secularism in the Indian context would mean maintaining equidistance from  all religions. Unfortunately, that equidistance never happened.
Mukesh Ambani at ThePrint Off the Cuff

Mukesh Ambani is now world’s fourth richest man, overtakes Europe’s wealthiest

Reliance's shares have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook Inc. and Google.

Defence

Union Defence Minister Rajnath Singh | Photo: ANI

Artillery guns, assault rifles, AFVs — Here’s a list of 101 items MoD won’t import in future

Contracts worth almost Rs 4 lakh crore will be placed with the domestic industry within the next six to seven years.
Illustration: Soham Sen | ThePrint

Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version

Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.