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    LONDON BULLION MARKET ASSOCIATION

    MCX gets Sebi nod to start coal exchange subsidiary

    Multi Commodity Exchange of India Limited has secured Securities and Exchange Board of India approval to launch a coal exchange subsidiary, marking a strategic push into energy markets. The move aims to create a transparent, tech-driven platform for coal trading, enhancing price discovery and expanding MCX’s commodity ecosystem presence.

    Gold falls on stronger dollar amid renewed US-Iran tensions

    Gold prices dropped significantly on Monday. The U.S. dollar strengthened, making gold more expensive for buyers using other currencies. Meanwhile, oil prices surged amid rising tensions between the U.S. and Iran. This situation has revived concerns about inflation. India's gold demand remained subdued due to high prices. Other precious metals also saw declines.

    Akshaya Tritiya sees 30% volume drop in gold buying amid price spike

    Gold demand during Akshaya Tritiya dropped about 30% in volume as prices, up nearly 60% year-on-year, deterred large purchases. Buyers stayed within budgets, shifting to lighter jewellery, small coins and exchange-led buying, while millennials preferred solitaires in the ₹75,000–2.5 lakh range.

    Akshaya Tritiya sees tepid demand on gold price surge

    Gold demand during India's Akshaya Tritiya festival remained subdued as record prices curbed jewellery purchases, despite a slight increase in investment demand. Consumers shifted towards gold coins, with overall buying volume lower, though value spending was higher due to elevated prices. This reflects a changing trend of price-sensitive buyers purchasing throughout the year.

    I-T Dept finds 'discrepancies' in declaration of assets by TMC MLA: Sources

    The Income Tax Department has uncovered discrepancies in assets declared by TMC MLA Debashis Kumar. Seizures from his residence during recent raids revealed jewellery and bullion not matching his election affidavit. The department has reported these findings to the Election Commission. Investigations are ongoing into unaccounted money and asset increases.

    Akshaya Tritiya 2026: Gold, silver trade seen topping Rs 20,000 cr despite record prices and decline in volumes

    Akshaya Tritiya 2026 is set for record precious metal sales in India. Despite soaring gold and silver prices, trade is expected to exceed Rs 20,000 crore. Consumers are opting for lightweight jewelry, silver, and diamond products. Digital gold and bonds are also gaining traction. This trend shows a shift towards value-driven purchases and financial prudence.

    The Economic Times
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