Silver could either match or outperform gold in the medium to long term, and is likely to reach Rs 1,25,000 per kg on MCX and $40 on COMEX in the next 12 to 15 months, a report showed on Saturday.
Neeraj Chopra fell short of retaining his gold medal in the men's javelin throw at the Paris Olympics on Thursday, securing silver with a best throw of 89.45 meters.
AIGJDC Chairman Saiyam Mehra said that this was a long-standing demand from the All India Gems and Jewellery Domestic Council, which represents the entire gems and jewellery industry.
The price of gold went up on MCX on Wednesday with gold for June 5 delivery traded 0.44 per cent higher at Rs 71,652 per 10 grams at around 11:30 a.m.
In the women's Individual compound event, Jyothi Surekha Vennam beat compatriot and the reigning archery world champion, Aditi Gopichand Swami, to progress to the gold medal match
The statue has been installed at the park created near Lakha Banjara Lake in the city by Sagar Smart City Development Authority. The park has also been named as the Atal Park.
Weak global trend led to fall in gold and silver prices hitting two months low. The 22 carat gold price per 10 gram today in Delhi, Kolkata and Mumbai stood at Rs 47,000 while in Chennai it went down to Rs 47,540.
This was India's second medal at the World Championships and the first podium finish since Anju Bobby George won a bronze medal in long jump at Paris in 2003.
This is a requirement of FATF (Financial Action Task Force) Dealers in Precious Metals and Precious Stones (DPMS) to carry out KYC and Customer Due Diligence only when they conduct such big cash transactions.
Besides the gold and silver reserves, these temples have around Rs 400 crore in cash and banks as fixed deposits.
