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.
June 28, 2021 12:19 pm
In India, where households own more than 25,000 tonnes of gold, investments in crypto grew from about $200 million to nearly $40 billion in the past year, according to Chainalysis.
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.
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.
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.
May 01, 2020 12:25 am
According to the World Gold Council's (WGC) Q1 Gold Demand Trends report, in terms of value, India's the first quarter gold demand fell 20 per cent to Rs 37,580 crore, compared to Rs 47,000 crore in the same period of 2019.
January 30, 2020 11:21 am
Demand seen between 700 to 800 T in 2020. Demand could rise as govt tries to boost consumer spending. Consumption falls 9% in 2019 to 690.4 T. Smuggled gold volume rises to 115-120 T in 2019.
November 09, 2017 1:05 pm
The global jewellery demand was down 3 per cent in the July-September quarter as the newly introduced Goods and Services Tax (GST) and tighter anti-money laundering regulations around transactions in India deterred buyers.
November 09, 2017 12:53 pm
As part of a new nationwide sales tax regime introduced in July, the GST on gold jumped to 3 per cent from 1.2 per cent previously. Indian authorities in September tightened anti-money laundering rules for jewellers, although the new regulations have since been temporarily shelved.
August 03, 2017 10:48 am
"However, the second quarter demand is lower than the five-year average and is mainly driven by the anxiety on the Goods and Services Tax (GST) roll out, which led to advance purchase towards the end of quarter," WGC managing director, India, Somasundaram PR said.