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Organised gold loan industry to touch Rs 3,101 bn by FY'20: KPMG

Tuesday, January 9, 2018, 3:44 PM

India's organized gold loan industry could touch Rs 3,101 billion by 2019-20 as the companies are offering flexible schemes at lower interest rates with minimal paperwork without the hassles of rigid credit appraisal, said a KPMG report released today. Gold loan companies are expected to continue delinking the gold price volatility risk by offering more variants of lower tenure loan products, it said.
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Gold prices drifts lower as dollar regains strength

Friday, October 20, 2017, 12:32 PM

Gold prices turned lower on Friday as the dollar regained ground after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support. Spot gold had declined by 0.4 percent to $1,284.60 an ounce by 0355 GMT. It was down 1.6 percent for the week.
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Gold prices climb Rs 250 at Rs 29,950 after firm global trend

Saturday, August 26, 2017, 3:38 PM

Gold prices registered a gain of Rs.250 at Rs.29,950 per 10 grams today, capitalizing on a firm trend overseas amid fresh buying by local jewelers. However, silver was little changed at Rs.40,200 per kg in limited deals. Apart from a firm global trend, traders said, greater buying momentum by jewelers at the domestic spot market was primarily responsible for the price jump.

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