China Ends Gold Tax Incentive, Raising Retail Costs

By BPN News Desk November 1, 2025

International

The People’s Republic of China has ended a longstanding tax incentive for gold retailing, which had allowed certain gold sellers to offset value-added tax (VAT) on sales. Under the revised rules effective immediately, gold retailers will no longer receive the tax relief and may pass increased

Markets

Gold Drops As US-China Trade Progress Reduces Safe-Haven Demand

By BPN News Desk October 27, 2025

Global gold prices extended their decline as progress in trade talks between the United States and China reduced investor appetite for safe-haven assets. Spot gold slipped by around 0.7% to near US $4,083 an ounce in early Singapore trade and posted a weekly loss of 3.3%, its first since mid-August. Trade Talks And Market Impact […]

Markets

Gold Tops $4,000 Amid Global Uncertainty

By BPN News Desk October 8, 2025

Gold prices crossed the $4,000 per ounce mark for the first time on October 8, as investors rushed towards safe-haven assets amid rising economic and geopolitical concerns. Spot gold touched $4,011, while December futures climbed above $4,030. What’s Driving the Rally The surge is being fueled by expectations of a U.S. Federal Reserve rate cut, […]

Markets

Asian Markets Soar on Japan Rally, Gold Surge

By BPN News Desk October 6, 2025

Asian stock markets jumped to record highs on Monday, led by a strong rally in Japan and a sharp rise in gold. Investors responded to news of a new pro-stimulus leadership in Tokyo and growing demand for safe assets amid global uncertainty. Japan Drives Rally Japan’s Nikkei 225 index climbed more than 4%, pushing to […]

Business Finance

RBI Eases Credit Rules for Small Businesses, Gold Users

By BPN News Desk September 30, 2025

The Reserve Bank of India (RBI) has announced regulatory changes to widen credit access for small businesses and for firms using gold as a raw material. The new rules were released via a circular on September 30, 2025. More Flexible Rate Adjustments for SMEs Under the revised norms, lenders may now adjust interest-rate spreads tied […]

Business Finance

SBI Branch in Karnataka Robbed of Rs 21 Crore Loot

By BPN News Desk September 17, 2025

Three masked gunmen robbed a State Bank of India (SBI) branch in Chadachan, Vijayapura district, Karnataka. The heist occurred on Tuesday evening, when the robbers entered under false pretense, tied up staff, and made off with a large haul of cash and gold. Loot Details Authorities say the robbers escaped with approximately 20 kg of […]

Law & Order National

Ranya Rao Fined ₹102 Crore in Gold Smuggling Case

By BPN News Desk September 3, 2025

Kannada actress Ranya Rao has been fined ₹102 crore by the Directorate of Revenue Intelligence (DRI) in connection with a gold smuggling case. Details of the Case The show-cause notice, spanning over 2,500 pages, was served to Rao inside Bengaluru Central Prison. She and three others were informed that failure to pay the penalty may […]