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Wednesday, August 13, 2025
TopicGold

Topic: Gold

Gold smuggling on the rise as high prices, higher taxes boost appeal of the yellow metal

Illegal inflows have jumped after the Modi government increased import taxes in July and prices surged to record highs in September.

Gold’s impressive run this year is set to continue in 2020

Trade war frictions and easier monetary policy across economies pushed gold this year. Geopolitical and economic risks are likely to factor in 2020 too.

India is one of the largest gold smuggling hubs, and UAE plays big intermediary: Report

Over a quarter of India’s approximate 1,000 tonne gold imports is not accounted for, says a new report by Canada-based NGO IMPACT.

Gold hallmarking mandatory in India from 1 January, jewellers fear ‘GST-type’ slowdown

Modi government plans to implement gold hallmarking across the country in four phases, starting with the metro cities.

NBFC crisis turns bonanza for gold loan financiers Manappuram, Muthoot

Indians are increasingly pawning their family jewellery to get cash amid a fundraising crunch at NBFCs.

India cuts gold imports for fourth month 

Gold consumption is forecast to drop to the lower end of a 700 to 750 ton range this year, the lowest since 2016, as a surge in prices coupled with a weak economy keeps buyers away.

Indians are buying less gold and millennials are partly to blame

The world’s most important gold market isn’t what it used to be. Just a decade ago, India’s hunger for gold jewellery and bullion meant it...

High gold prices, economic slowdown dulls Dhanteras sales

Gold sales in the run up to Diwali, which is usually a busy time, were down about 40% from last year.

Silver glitters in India as record prices dull gold’s luster

At around Rs 45,900 a kilogram, silver is about 80 times cheaper than gold and far more affordable as an investment.

Soaring gold prices take the glitter off Diwali jewellery purchases

Jewellers are lining up promotions to entice Diwali buyers as a rally in gold prices coincides with a collapse in consumer demand.

On Camera

Musk’s golden touch is on the line. Tesla needs him to do what he does best — sell a pen

Tesla sales have been sliding, profits have been shrinking, and brand loyalty is faltering. Elon Musk’s politics has something to do with it.

How mining, manufacturing & power sectors weighed on India’s industrial output since January 2024

India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.

India expands Southeast Asia defence footprint with new joint venture in Philippines

Memorandum of understanding between SMPP and ADFC was signed during state visit of Philippines’ President to India earlier this month.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.