Market News
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AB Capital board to meet on May 20 to consider fund raise proposal via issue of shares, QIP, preferential issue
The company, in an exchange filing, said its board of directors is scheduled to meet on May 20 to consider the proposal of rasing funds via issuing equity shares or other securities of the firm through qualified institutional placement (QIP), preferential allotment or any other methods or combination.
Import tariff values for gold, silver raised
India's customs board has increased import tariff values for gold and silver. This move aims to manage import costs due to global commodity price changes. Edible oils like palm and soybean oil also see minor adjustments. These new valuations will be effective from May 16, 2026. Policymakers are also looking to control pressure on foreign exchange reserves.
NSE EGRs to commence trading from May 18. Here’s what gold investors should know
The NSE will launch trading in Electronic Gold Receipts (EGRs) from May 18, aiming to transform gold investing in India. The exchange said EGRs will make gold trading more transparent, secure and accessible through improved technology and liquidity. NSE believes the move could integrate gold into mainstream capital markets, boost financial inclusion and reduce dependence on fragmented pricing in the physical gold market.
Precious metals trade lower; silver futures slide 4%, gold down 1.5%
Prices declined across Comex, MCX and exchange traded funds (ETFs), with silver prices falling nearly 4 per cent and gold prices declining around 1.5 per cent
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.
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.