The data could impact the Federal Reserve’s policy stance
Gold
Gold
Gold prices steady above the key $2,000 level as market awaits Fed decision
Some market experts see gold prices rallying to $2068-$2074 range, with the nearest resistance level seen at $2025
Concessional Duty
India to allow 140 MT gold import from UAE under special window
This is to be allowed under the India-UAE Comprehensive Economic Partnership Agreement, signed last year
Gold
Indian customs seize $30,000 worth gold ‘screws’ from Gulf passenger
Customs officers nabbed the passenger at Rajiv Gandhi International Airport in Hyderabad
Aziz Moti
Why gold is essential in turbulent markets
With the global economy facing headwinds, investors should look to gold as alternative
Gold
India’s gold imports could be hit due to anticipated price rally denting retail demand
The UAE is the second largest exporter of gold to India, after Switzerland
DMCC
Dubai unveils new gold and silver coins
Dubai shows off new gold coins designed to celebrate 50 years of achievements
Dubai
Dubai gold: $75bn sector shines with new groups
Dubai Chamber of Commerce introduces business groups for gold trade sector
Gold
2023 is already showing us why gold will reign
Global economic uncertaintiy is positivity for gold
asset class
Gold, silver: Best investments of 2023, says expert
Global crude oil market is projected to remain tight but balanced in 2023, with Brent price averaging $90 per barrel for the year
Blockchain
Digital gold: Dubai puts precious metal on blockchain network
Buying and selling digital assets of gold will be possible in Dubai
Gold
Big, fat Indian weddings to push up India’s gold imports from UAE, other sources
As many as 3.2 million weddings are estimated to take place in India between mid-November and mid-December, driving up demand for the yellow metal in a big way
Gold
Central banks push demand for gold to pre-pandemic levels
Global demand for gold has gone up 28% year-on-year
commodity trading
Dubai’s discount gold attracts Indian investors for Diwali amid global price slump
Indian expats prefer buying gold from the UAE, as the country has higher standards and tax-free rates
commodity trading
UAE-India gold trade loses glitter, with August imports by the South Asian country sees a sharp fall of 50 percent
A two and half percent duty hike on imports by the Indian government in July this year and softening of prices internationally are said to be the reason for the sharp decline in gold imports last month
cepa
DGCX signs 5-year pact with India-based FinMet for launching new gold products
The pact assumes significance in view of India launching a new international bullion exchange allowing gold traders to import gold from Dubai and other centres, as also the UAE-India CEPA which allows duty concessions for bilateral export and import of the yellow metal
Central Bank of the UAE
UAE central bank’s gold reserve rises by $52.8 million during Jan-May this year
The current total value of the reserve of the yellow metal with the CBUAE is to the tune of AED12.107 billion by end of May, according to apex latest statistics