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Friday, Sep 30, 2022

gold demand

GOLD DEMAND NEWS

Inflation, price rise could dent India's gold demand in July-December: WGC

July 28, 2022 12:29 pm

Lower purchases by the world's second-biggest gold consumer could weigh on prices, which are trading near their lowest level in more than a year.

Higher customs duty to hit gold jewellery demand this fiscal: Report

July 20, 2022 5:17 pm

Rating agency Crisil on Wednesday said the hike in customs duty on gold by 5 per cent to 12.5 per cent on June 30 is likely to result in flat revenue growth for gold jewellery retailers in the current financial year compared to the exceptional demand witnessed in the year-ago period.

Gold demand drops as virus shrinks big, fat Indian weddings

January 13, 2022 3:42 pm

Marriages are a key source of gold demand in India and cases are spiking just as the country resumes a busy wedding season that begins from the second half of January and runs through April or May.

Golden days ahead for jewelers as India recovers from Covid-19

October 07, 2021 12:22 pm

Jewelers are being further encouraged that sales volumes will rise due to a 17% decline in gold prices in the local markets since their record high last August, as the precious metal’s safe-haven value wanes amid a global economic recovery from the pandemic.

India's gold demand up 19% in April-June quarter at 76 tonne: World Gold Council

July 29, 2021 2:56 pm

In value terms, India's gold demand witnessed 23 per cent growth during April-June quarter at Rs 32,810 crore, compared to Rs 26,600 crore during the corresponding period of 2020.

India's Q1 gold demand bounces back; demand up 37% at 140 tonne: WGC

April 29, 2021 1:42 pm

Gold demand in value terms increased by 57 per cent during the first quarter of this calendar year to Rs 58,800 crore compared to Rs 37,580 crore in the corresponding period of 2020.

MCX empanels two Indian refiners for gold delivery

February 04, 2021 5:41 pm

At present, gold and silver bars of London Bullion Market Association approved refiners are deliverable on the exchange, MCX said in a statement.

Economic recovery likely to boost gold demand in India this year: WGC

January 14, 2021 4:41 pm

The report, titled 'Gold Outlook 2021- Economic recovery and low interest rates set the tone', also said although global economic growth is likely to remain anaemic relative to its full potential for some time, gold's more stable price performance since mid-August may foster buying opportunities for consumers.

COVID-19 hits India's gold-buying sentiment; Q3 demand drops by 30%: WGC

October 29, 2020 2:26 pm

India's Q3 2020 gold demand fell by 30 per cent to 86.6 tonnes on the back of COVID-19 related disruptions, bleak consumer sentiment and high prices accompanied by volatility, WGC Managing Director, India, Somasundaram PR told PTI.

India's gold demand in April-June sinks 70% on COVID-19 disruptions: WGC

July 30, 2020 1:05 pm

Overall gold demand in the country was 213.2 tonnes during the second quarter of 2019, WGC said in its 'Q2 Gold Demand Trends' report.

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