Latest News Indian commodities market, world commodities market, Commodity Exchanges, NCDEX, MCX, NMCEIL
Business Today

"So far we have seen 10 percent sales growth in value terms. But in volume terms it is flattish as gold prices have shot up quite a bit in the last two months, and today it is hovering over Rs.30,000 per 10 grams in the national capital," P.C. Jeweller managing director Balram Garg told IANS in Delhi.

After the bullion market remained lull for months, jewellers on the occasion of Akshaya Tritiyaon Monday  are hopeful of a 10 per cent rise in sales.
Aggressive buying from jewellery stockists and traders in view of the fast-approaching major gold-buying festival - Akshaya Tritiya also weighed on trade.
Both contracts remained near 2016 highs of $48.19 and $46.14 per barrel respectively, and WTI's smaller fall was a result of declining US crude output, traders said.
The government is hoping to succeed with the recently launched gold schemes by Prime Minister Modi.