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As On 24-Jan-2018
SENSEX
36,095.52
-44.46 (-0.12%)
NIFTY
11,065.55
-18.15 (-0.16%)
EQUITY
    No Companies Visited

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  • Commodities Buzz: Gold Demand In Saudi Arabia And UAE Set To Moderate On New Taxes

    The new value-added tax (VAT) set to be introduced in Saudi Arabia and the United Arab Emirates in 2018 will negatively impact gold demand, according to the World Gold Council (WGC). Demand is likely to falter once the new tax is in place, the WGC said in a latest update. The VAT will amount to 5% and will be imposed starting in January on all non-essential luxury goods, including gold jewelry. The WGC also noted that the gold market might see a significant boost in demand at the end of this year, as consumers rush to buy gold jewelry before the tax is introduced. In Q3, gold jewelry demand in Saudi Arabia was weak, falling 9% to 9.8 tonnes, largely dragged down by higher prices, the WGC said in its latest ‘Gold Demand Trends' report. The U.A.E. also saw a decline of10% to 7 tonnes, the report added. Overall demand in the Middle East slipped 4% to 40.9 tonnes — the lowest level in three years.

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Flash News 24-Jan-2018
  •  ( 12:18) Telecom stocks tumble  
  •  ( 12:17) Sensex, Nifty hover near flat line  
  •  ( 12:00) L&T Tech Services hits record high  
  •  ( 11:59) L&T Tech cons. Q3 PAT up 2.84% at Rs 126.50 crore QoQ  
  •  ( 11:01) Genus Paper & Boards leases a manufacturing facility  
  •  ( 10:51) Reliance MF offloads 1.19 crore shares of Oriental Hotels  
  •  ( 10:45) Alembic hits record high  
  •  ( 10:31) Alembic's board approves buyback proposal of 1.02 cr shares  
  •  ( 10:31) Alembic's Q3 PAT jumps 717.6% to Rs 5.56 crore  
  •  ( 10:26) Weak market breadth  
  •  ( 10:02) JMC Projects (India) secures new orders of Rs 751 crore  
  •  ( 09:18) Shriram EPC secures order worth Rs 84 crore  
  •  ( 09:11) Indiabulls Housing Finance hits record high  
  •  ( 08:23) Indiabulls Housing Fin Q3 cons PAT up 55.4% at Rs 1167.73 Cr  
  •  ( 08:22) Wipro secures a multi-year contract from Denmark firm  
  •  ( 08:21) ONGC to raise Rs 18060 crore loan from three banks  
Show News
24 January 2018 12:49
431.00
(-1.47 %)
1148.15
(-1.67 %)
614.45
(-0.72 %)
3325.00
(0.93 %)
467.85
(-4.70 %)
291.95
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2592.00
(2.76 %)
1903.05
(1.13 %)
1962.10
(0.55 %)
3622.75
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1355.00
(-0.87 %)
353.30
(-2.42 %)
1706.80
(-0.93 %)
1193.35
(1.54 %)
279.85
(1.28 %)
1078.85
(0.42 %)
1395.90
(-0.97 %)
757.50
(-1.43 %)
9440.15
(0.46 %)
171.95
(-0.35 %)
209.30
(1.04 %)
196.05
(0.03 %)
964.60
(-1.74 %)
318.10
(0.03 %)
590.60
(2.16 %)
406.50
(-2.76 %)
234.05
(-1.72 %)
765.35
(-1.88 %)
3150.80
(1.54 %)
314.00
(-0.35 %)
363.40
(1.27 %)
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