The World Gold Council launched its new consumer research report highlighting opportunities for gold for those working in both retail investment and jewellery markets. The significant piece of research, with an 18,000-strong sample, looks at a range of markets including China, India, North America, Germany and Russia, and highlights unique insights into attitudes towards and […]
Demand for gold in India for Q3 2019 fell by 32 per cent at 123.9 tonnes as compared to overall Q3 demand for 2018 (183.2 tonnes). India’s Q3 2019 gold demand value was Rs 41,297 crores, down by 18 per cent as compared to Q3 2018 (Rs 50,085 crores). Total Jewellery demand in India for […]
In a report titled ‘The need for Bullion Banking in India’, the WGC has recommended that banks or similar institutions be given flexibility to launch gold-backed products, with appropriate checks and balances. The report has been submitted with the government, which has been planning to come out with a broad gold policy. WGC managing director […]
The new Hindu calendar, Samvat 2015 has proven to be good for both gold and silver with the two precious metals giving 21.3 and 22.4 per cent returns, respectively. However, the demand for both the metals took a hit this Dhanteras and Diwali because of high prices. According to data from the Indian Bullion and Jewellers Association (IBJA), the demand, which […]
The World Gold Council launched its ‘Gold and Climate Change: Current and future impacts’ report, aiming to provide investors and industry stakeholders with greater clarity around both gold’s emission profile and the role that gold can play as a climate risk mitigation asset in long-term investment strategies. Building on the World Gold Council’s initial work […]
India’s gold imports plunged 68 per cent year on year in September to their lowest in more than three years as record domestic gold prices curbed retail buying, reported Reuters last week. Lower imports by the world’s second biggest consumer could cap gains in global prices that are trading near their highest level in over six years, […]
Spot gold declined by 1.5 per cent to hit the lowest in almost two months in early Tuesday trade. But it recovered by half towards evening on huge customer turnout to book their share on price fall. The decline in gold prices in the domestic market was followed by a similar move globally on easing trade tensions […]
Over the last one year, gold prices have risen by 22.22% (data as on 4th Oct 2019). The chart below shows the rising gold prices over the last one year. A good portfolio approach is to have 5% to 10% of one’s portfolio always in gold. That is the advice we give to anybody who […]
The third quarter of this fiscal (July-September) is as one of the worst for jewellers in many years, as an increase in import duty, followed by sharp increase in prices, have pushed the cost of gold to all-time highs. Gold demand, import, and import bills have declined sharply, as a result. However, this is good news for the […]
More than a dozen banks nominated for importing gold are now being forced to buy the metal from abroad for lending it to jewellers, at a time when it can be bought at a huge discount in the domestic market, says a Business Standard report Gold in Mumbai’s Zaveri Bazar market is currently trading at a discount of […]
