World Gold Council reveals its consumer research report; survey highlights substantial opportunities for gold

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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 […]

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De-dollarization push by China and Russia, among others might skyrocket gold prices even higher

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The gold bears have finally caved under the deafening barrage of fiscal and geopolitical catalysts, from Fed hints to intensely brewing conflict with Iran. Gold is already trading well above its 5-year high. Not only has the U.S.-Iran conflict reached a boiling point, with Trump readying to deploy an additional 1,000 troops to the Middle […]

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WGC releases ‘Blueprint for Gold Spot Exchange in India: Report of the Industry Steering Committee’

Chaired by the World Gold Council, the industry steering committee  has released a blueprint for Gold Spot Exchange in India. The report is both wide ranging and inclusive, covering the vision of the industry committee for the future, combined with pragmatic guidance around successful implementation of the Gold Spot Exchange in India. A feasibility study […]

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Near term gold demand may soften, reforms in India and China likely to support long term demand: WGC in Mid-year 2019 Gold Outlook

In its mid-year 2019 gold outlook released today, World Gold Council has said that over the next six to twelve months, financial market uncertainty and accommodative monetary policy will likely support gold investment demand . “Price momentum and positioning may fuel rallies and create pullbacks, as investors continuously reassess their expectations based on new information, […]

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RBI enters top-10 list of gold holders with 52.3-tonne purchase in FY19

The Reserve Bank of India purchased 52.3 tonnes of gold in FY19 to augment its foreign exchange reserves, according to the latest data released early this week by the World Gold Council. With this, it has entered league of world’s top-10 gold holding central banks.  RBI currently holds 612.6 tonnes of the metal as part of its foreign exchange reserves. Till about a month ago, the central bank […]

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INTERVIEW – Gold safest investment in these uncertain times, WGC India chief

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The current state of the global economy made gold a very attractive investment, said Somasundaram PR, managing director of World Gold Council, India, acknowledging that the dark clouds thanks to the on-going US-China trade war, depressed interest rates and uncertainties around oil production and prices made things difficult. “It is well known that during times […]

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