India’s gold imports jump 64% in January despite prices hitting 5-year high
Gold imports to India rose last month despite local prices trading near the highest in more than five years, as jewelers start to restock for the wedding …
Gold ETF inflows reach record $100 million a day: WGC
According to a new report by the World Gold Council, holdings in global gold-backed ETFs rose 72 tonnes in January 2019 to reach 2,513 tonnes (80.8 million …
UAE to purchase Venezuela’s Central bank gold reserves
Venezuela will sell 15 tonnes of gold from central bank vaults to the United Arab Emirates in coming days in return for euros in cash, as the crisis-stricken …
Highest central bank buying in 50 years drives growth in gold demand in 2018
Global gold demand reached 4,345.1 tonnes (t) in 2018, up 4% on 2017 and in line with five-year average demand of 4,347.5t, according to the World Gold …
Australia’s ANZ bank shuts down Singapore gold vault
Australia and New Zealand Banking Group Ltd (ANZ), whose gold bullion business is one of Asia’s largest, is closing its precious metals vault in …
Indian gold demand lags on price surge; other Asian countries bet on Lunar New Year
Gold demand in India turned weak last week as local prices jumped to their highest level in two and a half years. Traders in major buying centres in Asia have …
India’s trade deficit shrinks to 10-month low
India’s trade deficit shrank to the lowest in 10 months in December 2018 as lower crude oil prices and falling gold demand reduced the burden on the import …
Gold-backed ETFs gained globally in 2018, even with North America outflows
Gold-backed exchange-traded funds ended 2018 with new inflows globally as uncertainty about Britain’s exit from the EU drove investors to the perceived …
ICRA has stable outlook on India’s gold jewellery industry despite subdued demand
Ratings agency ICRA has a stable outlook on gold jewellery retail industry. Following a strong 9% volume growth in FY2018, gold jewellery demand has been …
Data – Gold ETFs lose steam, investors pull out Rs 29,000 crore in Apr-Oct 2018
Gold exchange-traded funds (ETFs) in India are losing momentum, with investors pulling out Rs 29,000 crore during the April-October period of the current …