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Gold

News Reports

Pakistan foreign ministry fumbles, avoids responding to reports of Chinese mining company shutting down in Balochistan

Rukma Rathore -
"We are not obliged to talk about news stories whose facts remain questionable," retorted a senior Pakistani spokesperson.
News Reports

2,000-year-old Indian gold rings found in Thailand: The Brahmi inscription, Vaishya link, and what archaeologists discovered

Divya Bharti -
Archaeologists in Thailand have discovered two 2,000-year-old gold rings at an Iron Age burial site. One ring features an ancient Indian Brahmi inscription, offering fresh, concrete evidence of early maritime trade and cultural exchange between India and Southeast Asia.
News Reports

Hyderabad ACB raid: Survey and Land Records officer caught with crores in cash, gold, and premium properties estimated at ₹150 crore

OpIndia Staff -
The Anti-Corruption Bureau (ACB) uncovered massive disproportionate assets during raids on Land Records Deputy Director Sunkari Narahari Rao.
News Reports

As Bloomberg retracts its report claiming RBI sold gold worth $12 billion, read how its economist used different pricing data to arrive at the...

Dhruv Mishra -
Bloomberg has retracted the article claiming that RBI sold gold worth $12 billion, because they used domestic price, while RBI uses London Bullion Market Association price.
Editor's picks

Bloomberg grudgingly retracts fake news about Modi govt selling $12 billion of RBI’s gold reserves after being exposed

OpIndia Staff -
"The analysis erroneously used same-day domestic gold prices to value RBI's gold reserves," Bloomerg accepted.
Economy and Finance

RBI refutes Bloomberg report claiming sale of gold worth $12 billion, clarifies its gold holding remains steady at 880.52 metric tonnes

OpIndia Staff -
The Reserve Bank of India (RBI) today firmly denied media reports suggesting it had sold gold reserves, stating that its physical gold holdings remain...
Editor's picks

No, Govt of India is not taking away gold held by temples: Claims of gold monetisation and ‘strategic gold reserves’ from temple gold rejected...

OpIndia Staff -
The Finance Ministry has strongly rejected viral social media claims that the government plans to monetise temple gold reserves or issue gold bonds against them.
Government and Policy

Centre raises customs duty on gold from 6% to 15%, PM Modi had earlier urged Indians not to purchase gold for a year: Details

OpIndia Staff -
 “The policy measure aimed at safeguarding macroeconomic stability, conserving foreign exchange, and moderating non-essential imports during a period of heightened global uncertainty arising from the ongoing West Asia crisis,” Hindustan Times quoted a government official privy to the development.
News Reports

PM Modi asks Indians not to buy gold for a year: Read how gold imports burden economy, cause massive Forex outflow and widen trade...

Rukma Rathore -
PM Modi declared, "In the national interest, we must resolve not to purchase gold for a year," during a speech in Hyderabad.
News Reports

Gold and Silver record their worst fall in decades: What triggered the historic crash? Explained

Jinit Jain -
A hawkish Fed signal, a rebounding dollar and aggressive profit booking by big investors punctured the gold–silver euphoria, turning an overbought rally into a historic, panic-driven crash.
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