Indian Bullion Market Association

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  Indian Gold Refiner Set to Receive Global Quality Tag

  MMTC-PAMP has become the first Indian gold refiner to join the London Bullion Market Association's good delivery list, a global benchmark for quality, which could help encourage Indians to sell hoarded stocks of gold bars and jewellery.

• Regulator allows NSEL to pay directly to its subsidiary's members

  In August last year, the Forward Markets Commission had directed NSEL that all pay-in received from defaulter members shall be deposited in an escrow account and all the disbursement from the said account shall be as per the instructions or prior approval of the FMC.

• NSEL crisis: No warehouse sealed by Mumbai police, says NBHC

  The economic offences wing (EOW) of Mumbai police has not sealed any warehouse of National Bulk Handling Corporation Ltd's (NBHC), the latter, which is a part of the Financial Technologies Group, said in a statement on Thursday.

• NSEL-related entity IBMA owes Rs 227 crore to Sahara Q Shop

  Sahara group retail venture Sahara Q Shop has an exposure of about Rs 227 crore to the beleaguered National Spot Exchange Ltd (NSEL).

• NSEL crisis: FMC directs bourse to withhold payments to related entities

  The Forward Markets Commission (FMC) on Tuesday directed crisis-ridden National Spot Exchange Ltd (NSEL) to withhold payment due to defaulter members of its related entity Indian Bullion Market Association (IBMA) and other connected firms of the exchange.

• NSEL crisis: Bourse giving wrong information, says FMC

  The National Spot Exchange Ltd (NSEL) affair got murkier on Monday as the Forward Markets Commission (FMC) cast doubts on its management and charged that the crisis-ridden bourse is not complying with its directions and providing wrong information in the case involving Rs 5,600 crore dues to investors.

• Government may conduct audit of NSEL's stocks: report

  The government is mulling conducting an audit of National Spot Exchange Ltds physical stocks lying in warehouses by own agencies as it fears defaults in payment by buyers, a top Consumer Affairs Ministry official said on Monday.

• NSEL for action against Lotus on Rs 252 crore claim

  Crisis-ridden National Spot Exchange Ltd (NSEL) has proposed to initiate default proceedings against Lotus Refineries saying that it owes Rs 252 crore to investors, a claim the company has disputed.

• NSEL submits Rs 5,600 crore settlement plan, FMC to take final call

  Crisis-ridden National Spot Exchange Ltd (NSEL) on Wednesday submitted a seven-month plan with regulator Forward Markets Commission (FMC) for settling dues worth Rs 5,600 crore to investors.

• Indian gold imports could pick up in July-December

  Volumes are likely to stay flat in 2013 as the impact of a doubled import duty continues.

• Platinum jewellery grows trendy in gold-loving India

  India is a huge jewellery market, where many consumers see precious metals as a means of storing wealth.

• Bullion markets close for 3rd day to protest gold duty hike

  Bullion markets across the country, including Delhi and Mumbai, closed for the third straight day today