If you had followed our Akshaya Tritiya advice to buy gold, you would have certainly been richer today. Spot gold prices are up by around 3% since then, but even if you missed the run then it may not be too late to buy. The stars are lining up for a further rally, perhaps stronger […]
Shekhar GhoshShekhar Ghosh is consulting editor, Indoasiancommodities.com. He has edited and written for publications like Business India, Business Standard, Business Today, Outlook and many other international publications. He can be reached at shekhar.ghosh@indoasiancommodities.in.
The World Gold Council (WGC) has developed a set of guidelines for digital gold, which includes norms for both, investors and service providers in this space. The standards, which have been designed to protect investors and promote best practices, highlight the fact that there is a need to provide for investors’ safety when they buy gold on the internet, […]
The stars are lining up for gold demand in India for the Hindu religious festival of Akshaya Trithiya this week. And it is not just for auspicious reasons alone. After recording the strongest first quarter gold jewellery demand in four years, the strong momentum is set to continue in the second quarter as well, traders […]
Global demand for gold grew to 1,053.3 tonnes in Q1, up 7 per cent year-on-year, according to the latest report by the World Gold Council (WGC). A big reason for the stronger demand is central banks, which continued to buy gold for diversification and liquidity purposes. Another is improvement in the India market. Central banks around the […]
India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves, says a Bloomberg report. The Reserve Bank of India’s purchases are part of a wider picture across developing economies that […]
In tune with India’s penchant for yellow metal gold, the country’s bullion reserves at a whopping 607 tonnes is far ahead of Pakistan. Notably, India is the single largest consumer of gold and has the 11th largest gold reserve, with the current holding pegged at 607 tonnes, as per the latest report by the World […]
The government of India has reaped in a bonanza of raising thousands of crores of rupees in liquid float in an added benefit of the gold monetisation scheme, which seeks to check import of the yellow metal into India and help prop up the country’s current account deficit. The state-run trading firm MMTC has auctioned […]
Saudi Arabian Mining Co. wants to more than double gold output within five years. Maaden, as the state-backed company is known, plans to boost gold output from about 415,000 ounces this year to one million by 2025, Chief Executive Officer Darren Davis said in an interview. This would catapult the oil-rich kingdom from a marginal […]
Mining production globally registered its fourth consecutive contraction, falling 7.5 per cent year-on-year in February compared to a 3.3 per cent fall the previous month, Statistics South Africa said in a report. This registers as the largest fall in production since March 2016 when output fell 17.4 per cent year-on-year. Diamonds, iron ore and gold […]
