Gold demand in India is likely to hit a four-year high between July and December on strong demand from the jewellery sector according to World Gold Council.
Ban on iron ore mining and exports in top producing states of Karnataka and Goa led to job loss of one million people, directly and indirectly, according to a ASSOCHAM-Yes Bank joint study.
Despite the government removing restrictions on gold imports late past month, imports of the precious metal have not picked up because of a supply glut.
Gold prices on Saturday hit a new all-time high in the spot market in Mumbai, India, closing at $583 (Rs 32,340) for 10g, up by Rs 190 from Friday.
The Federal Reserve's multi-billion dollar, open-ended monetary easing pledge is being hailed as the catalyst for another crack at record highs in gold, but its failure to spark a high-octane rally suggests other factors are in play for the bullion market.
Rampant illegal mining conducted in Sandur taluk of Bellary district has caused an enormous damage to the environment, health of human beings and animals over the last decade, a recent study has revealed.
The recent decision of the Supreme Court capping iron ore production at 30 million tonnes per annum in Karnataka has not deterred iron and steel companies from expanding their capacities.
Production in the Kirandul mines of the National Mineral Development Corporation (NMDC) in Dantewada district of Chhattisgarh was affected Monday following Naxal attack that killed six Central Industrial Security Force (CISF) jawans on Sunday night.
Importing coal is the "remedy" for avoiding power generation losses in the country, while the government's replies on the issue have been ambiguous, a Standing Committee report on Energy has said.
In an unprecedented move, the state mining department has cracked the whip on nine out of 11 coal mines operating at the Talcher Coalfields under the command area of Mahanadi Coalfields Ltd (MCL).
The opening of Botswana as a major diamond trading hub has opened a new window of opportunity for Indian processing companies.
After witnessing a 150 per cent rise in prices since the nutrient-based subsidy (NBS) scheme was introduced in April 2010, potash fertilisers might turn dearer again in the coming days, even as the industry has said it may not raise prices for at least three months.
Gold was the winner in the global market of widely traded commodities this year and is likely to be stronger than other commodities in 2012.
Iron ore prices declined 11 per cent in the past week due to a drastic decline in demand from China, the world’s largest consumer of the steelmaking raw material.