Gold Sales

The reserves had increased by 100 tonnes in the last two years; currently stand at 785.35 tonnes

Demand for gold jewelry, coins and bars typically peaks in the world's second-biggest consumer over October to December, driven by festivals including Diwali

In Mumbai, the yellow metal is going at a discount of $7-10 per ounce while in Ahmedabad it is $7

Gold consumption surged to 800 tons last year as the easing of virus-related restrictions unleashed demand. The jump in demand and rising imports forced the government to raise the import tax on gold

At the global level, the demand for gold (excluding OTC) was 8 per cent lower y-o-y at 948 tonnes. Combined with Q1-2022, the total demand in the first half of 2022 came in at 2,189t, up 12 per cent

It may underperform in the near term, but could bounce back if fears of a US recession gain ground

(Reuters) - Gold and other precious metals dropped on Thursday, with palladium shedding more than 8%, as investors flocked to the dollar driven by bets the U.S. Federal Reserve will stick to aggressive rate hikes.

The price of gold vary for different regions based on certain parameters such as the excise duty, making charges and the state taxes

The price of gold differs in regions based on parameters such as making charges, excise duty, and state taxes.

India's gold mine production stood at a mere 1.6 tonnes in 2020 but could rise to 20 tonnes per year in the long-term, World Gold Council said on Thursday.

The spurt in demand that is, in part, a result of pent-up demand in the fourth quarter is less likely to be repeated this year, though the revival will continue to set a new normal above pre-pandemic

A recovery in consumer confidence and a retreat in gold prices from last year's peak are likely to further bolster demand

According to market veterans, on average gold sales are estimated around 20-30 tonnes on the day of Dhanteras

Ola posts first-ever operating profit of Rs 90 cr in FY21; Logistics startup Delhivery files DRHP with Sebi. More on top headlines for this evening

While buyers have been slowly shifting away from the thousands of family-run jewelry shops that control the bulk of the world's second-biggest gold market, the pandemic has sped up the process

Healthy demand for wedding jewellery, market share gains boosts share price to all-time high

IBJA's national secretary Surendra Mehta told IANS that last year, gold sales were about Rs 12,000 crore

Indians celebrated the Dussehra festival on Sunday, and now await Diwali and Dhanteras in November

Those keen on buying gold as investment will be better off with sovereign gold bonds or ETFs

Indian households supposedly hold 25,000 tonnes of gold valued at Rs.121.5 trillion, or almost 60 per cent of India's GDP.