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NBFC gold loans: RBI for stricter norms 2012-03-24 05:45:41
RBI also made it clear henceforth that, NBFCs should not grant any advance against bullion or primary gold and gold coins. Also, RBI observed that NBFCs who are predominantly engaged in lending against the collateral of gold jewellery have recorded...
Keywords: volatility in the gold prices, Loan-to-Value (LTV) ratio, RBI Stricter norms, non-banking finance companies (NBFCs)
Read More Temple chambers last opened in 1931 2011-07-08 09:17:07
(The following is the reproduction of an informative article published in the leading English daily the Hindu on the discovery of the huge gold treasure in the Sree Ananthapadmanabha Swamy temple in Thiruvananthapuram in Kerala.) Reports in 'The Hindu', and...
Keywords: King Marthanda Varma, gold treasure, Travancore royal family, gold treasure
Read More Akshaya Tritya: India Post offers 6% discount on gold coins 2012-04-24 05:29:51
Currently, 10 gram of gold is priced at Rs.28, 000, compared to Rs.22, 000 during the like period of the previous year. The offer is valid for two days April 23 and 24. India Post (popularly called as postal department)...
Keywords: Akshaya Tritya, Chief Postmaster General, Gold coins, gold
Read More Gold shortage hits Dubai! 2013-04-18 05:18:16
Shockingly, Dubai has run out of gold of course not literally, but still the fact remain that the salespersons at jewellery outlets say there is no supply of gold coins and biscuits. While those hoping to cash in on the...
Keywords: Joyalukkas, international news, Gold news Dubai, Gold rates
Read More Passenger arrested for holding 3 KGs gold 2012-04-10 09:13:03
The Chennai police today arrested a person who allegedly arrived at the Chennai airport with three kilograms of gold coins that were worth one crore rupees. According to our sources, the passenger aged about 35 years has arrived from France...
Keywords: France, gold coin, Chennai airport, Chennai airport
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