Search results: price of gold

Indian gold refiners have nearly stopped imports of gold dore, a semi-pure alloy, as grey market operators offer hefty discounts to market rates and cut into their slender margins, making business a losing proposition, industry officials...

As the uptake of gold coins after their introduction midyear increases significantly, 35 per cent of the coins have been bought by individuals while 65 per cent have been bought by corporates including asset management and...

Gold prices fell to a one-month low on Monday, as US Federal Reserve Chair Jerome Powell's stance to continue with aggressive monetary policy to bring down inflation dented the zero-yielding metal's appeal and boosted the dollar. Spot gold had shed 0.7%...

The gold industry has a huge potential to contribute significantly to Zimbabwe's economic revival, mine industry captains have alluded.Rudairo MapurangaSpeaking today at the All Stakeholders Workshop on Gold Sector value Chain Chamber of Mines of Zimbabwe...

Smaller Mosi-Oa-Tunya gold coins are expected to go on sale in November from the Reserve Bank of Zimbabwe, Central Bank governor Dr John Panonetsa Mangudya has said.Rudairo MapurangaAccording to Mangudya, the smallest coin containing just over...

Gold prices charged higher and broke above the key $1,800 level on Wednesday after relatively tame US inflation readings prompted bets that the Federal Reserve may not opt for aggressive rate hikes. Spot gold rose 0.6% to...

After successfully selling 1500 gold coins in the first week of trading, the Reserve Bank of Zimbabwe (RBZ) has reported that it will release an additional 2000 Mosi Oa Tunya gold coins this week as the...

The Reserve Bank of Zimbabwe (RBZ) has revealed that 1 500 gold coins were sold by its agents during the first week of their release onto the market, signalling strong demand for the yellow metal currency...

Caledonia Mining Corporation’s newly acquired gold mining outfit, Bilboes Gold Project, will become Zimbabwe’s largest gold producer, more than twice the current gold produced by a single mine, it has been reviewed. Rudairo Mapuranga Last month, Caledonia signed...

The Reserve Bank of Zimbabwe (RBZ) has been advised to consider reducing the mass of gold coins in order to cover some sections of the country’s population which might not be able to raise money to...

A MINIMUM five percent surcharge, covering production costs, will apply on gold coins, which will go on sale starting July 25, the Reserve Bank of Zimbabwe announced on Monday.The gold coins, being introduced as an alternative...

Vice President of the Senate Mike Nyambuya has summoned Finance minister Mthuli Ncube to Parliament to present a ministerial statement explaining how gold coins will stop the country’s economic haemorrhage.This is after the leader of government...