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SEBI proposes new exchange-traded derivatives rules: What commodity traders should know
SEBI proposes overhaul of ETD rules, including removal of CTM in commodity options, revised SGF and stress tests, and consolidated circulars, seeking simpler, globally aligned regulation
Sebi proposes key tweaks to streamline derivatives trading
Sebi proposes simplifying exchange-traded and commodity derivatives regulations by removing complex close-to-money (CTM) option rules and reducing mandatory product advisory committee meeting frequency. These changes aim to ease compliance and reduce uncertainty for market participants, aligning with international practices.
Gold ETFs To Keep Shining Amidst Duty Hikes, Austerity Appeals
A few experts also believe that gold ETFs and fund of funds might see more investments as equities and other assets have turned volatile.
Gold-Silver ratio falls below 55. What does it signal about gold and silver prices? Which precious metal should you buy
The gold-silver ratio has fallen below 55 amid volatility in precious metals. Silver's recent rally contrasts with gold's record prices, prompting investors to reassess their positions. Tata Mutual Fund expects the ratio to rise towards 68, driven by demand for gold amid geopolitical tensions.
MCX shares jump 9% in a week to hit a fresh record high; rally 166% in one year. What next?
Multi Commodity Exchange (MCX) shares surged over 3% to a record high, extending recent gains driven by strong Q4 results and rising gold and silver prices. The company reported a fourfold net profit increase and threefold revenue jump, boosting investor confidence despite market weakness. Analysts remain cautious, with one maintaining a 'Neutral' rating.
HDFC MF withdraws Gold-Silver Passive FoF NFO amid import duty hike concerns
HDFC Mutual Fund withdraws HDFC Gold-Silver Passive Fund of Fund NFO amid higher gold import duties and rupee pressure.
NBI International Value Fund - Series Share Price | TSX:NBIV ETF - Investing.com India
NBI International Value Fund - Series Share Price | TSX:NBIV ETFInvesting.com India
Austerity drive: Duty hike pushes up bullion prices by 7%
The government late Tuesday increased import duties on gold and silver to 15% from 6% with effect from May 13. The step is aimed at curbing overseas purchases of precious metals and reducing pressure on the country's foreign exchange reserves. The revised structure includes a 10% basic customs duty along with a 5% Agriculture Infrastructure and Development Cess (AIDC), lifting the effective import tax to 15%.
Gold discounts in India hit record at $200/ounce as duty hike sparks selling
India's gold discounts hit a record over $200 an ounce Wednesday. This followed a sharp import duty increase to 15%. Higher local prices prompted investors to sell gold, even at steep discounts. Retail buyers and jewelers remained absent. This situation is expected to increase gold smuggling. The duty hike aims to reduce overseas purchases and protect foreign exchange reserves.
Profit booking limits paper gold rally post duty hike
The overnight hike in import duty on Wednesday drives ETF holders to book profits, limiting the rally to 6%.
Explainer: Why India's higher tariffs are unlikely to dent gold, silver demand
India has increased import duties on gold and silver to 15 percent. This move aims to reduce imports and protect foreign exchange reserves. The government views precious metals as non-essential imports that strain the economy. Higher prices have already impacted the import bill. This tariff hike may affect jewellery demand and potentially boost smuggling.
Gold volume growth may dip 10–15% after duty hike, say jewellers
India's gold and silver import duty hike may affect jewellery sales volumes initially. Industry leaders believe demand will stay strong due to gold's cultural and investment importance. Consumers might opt for lighter jewellery. The government aims to conserve foreign exchange and boost domestic gold recycling. Initiatives are underway to encourage circulation of idle gold.