Gold Demand
Gold to retain its glitter; may touch Rs 60,000 per 10 grams level in 2023
Market experts opined that Russia-Ukraine conflict led to a short-term spike in gold prices before it began falling amid stronger dollar and spike in crude oil prices
 "Gold to retain its glitter; may touch Rs 60,000 per 10 grams level in 2023")
Gold imports decline 17% in Apr-Oct to $24 billion as demand falls
Gold imports, which have a bearing on the current account deficit, declined 17.38 per cent to about USD 24 billion during April-October due to fall in demand, according to the data of the commerce ministry. Imports of the yellow metal stood at USD 29 billion in the corresponding period of 2021-22. The imports during October this year also contracted by 27.47 per cent to USD 3.7 billion, the data showed. Silver imports during the month too dipped 34.80 per cent to USD 585 million. Cumulatively, the imports, however, jumped to USD 4.8 billion as against USD 1.52 billion during April-October 2021-22. The merchandise trade deficit for April-October 2022 was estimated at USD 173.46 billion as against USD 94.16 billion in the year-ago period. India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. In volume terms, the country imports 800-900 tonne of gold annually. Gems and jewellery exports rose marginally by 1.81 per cent to USD 24 billion
 "Gold imports decline 17% in Apr-Oct to $24 billion as demand falls")
India's gold demand declines as inflation depresses rural demand
Falling demand for gold imports could also help to narrow India's trade deficit and support the rupee
 "India's gold demand declines as inflation depresses rural demand")
Gold futures gain Rs 62 to reach Rs 49,505 per 10 gram on firm spot demand
Gold prices on Thursday increased by Rs 62 to Rs 49,505 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for October delivery traded higher by Rs 62 or 0.13 per cent at Rs 49,505 per 10 gram in a business turnover of 7,699 lots. Fresh positions built up by participants led to the rise in gold prices, analysts said. Globally, gold was trading 0.49 per cent higher at USD 1,667.50 per ounce in New York.
 "Gold futures gain Rs 62 to reach Rs 49,505 per 10 gram on firm spot demand")
Sharp fall in purchases pulls global gold demand down by 8% in Q2
A sharp fall in purchases by investors pulled global gold demand down 8% in the second quarter compared to the same period in 2021, the World Gold Council said on Thursday.
Gold, silver prices rise; yellow metal trading at Rs 51,980 per 10 gm
A kg of silver is trading at Rs 60,300 on Tuesday
Spiraling inflation may boost gold demand as a hedge, says UBS report
Imports were only worth $34.62 billion in the pandemic-hit FY21.
 "Spiraling inflation may boost gold demand as a hedge, says UBS report")
India's gold demand declined sharply in March quarter as prices surged
The India trend is contrary to global demand for gold, which went up by 34 per cent YoY to 1,234 tonnes, the highest since Q42018.
 "India's gold demand declined sharply in March quarter as prices surged")
Russia-Ukraine conflict, inflation drives Q1 jump in gold demand, WGC says
Strong demand for gold-based exchange traded funds (ETFs) helped to boost total gold demand to 1,234 tonnes in the first three months of 2022
 "Russia-Ukraine conflict, inflation drives Q1 jump in gold demand, WGC says")
Gold prices jump over 2% as Russian troops attack Ukraine
Spot gold XAU= climbed 1.7% to $1,939.97 per ounce by 0611 GMT, after hitting its best level since January 2021 at $1,948.77
Gold prices near nine-month high as Russia-Ukraine crisis deepens
Spot gold was up 0.2% at $1,909.86 per ounce by 0558 GMT, after scaling its highest since June 1 at $1,913.89 per ounce earlier. U.S. gold futures GCv1 gained 0.7% to $1,912.20
Gold demand likely to reach pre-Covid levels in 2022: Quantum MF
Demand for gold is expected to reach pre-Covid-19 pandemic levels in 2022 aided by higher savings, increased mobility and stable price levels, said Chirag Mehta at Quantum Mutual Fund.
Gold trading at Rs 48,940 per 10 gm today; silver price at Rs 65,000/kg
The price of gold varies across the country due to excise duty, state taxes, and making charges.
 "Gold trading at Rs 48,940 per 10 gm today; silver price at Rs 65,000/kg")
Gold trading at Rs 48,590 per 10 gm today; silver price at Rs 60,800/kg
The price of gold varies across the country due to excise duty, state taxes, and making charges.
 "Gold trading at Rs 48,590 per 10 gm today; silver price at Rs 60,800/kg")
Gold trading at Rs 48,610 per 10 gm today; silver price at Rs 60,400/kg
The price of gold varies across the country due to excise duty, state taxes, and making charges.
Gold trading at Rs 48,610 per 10 gm today; silver price at Rs 60,700/kg
The price of gold varies across the country due to excise duty, state taxes, and making charges.
Gold trading at Rs 48,510 per 10 gm today; silver price at Rs 60,400/kg
The price of 10 gram of 22-carat gold in Delhi and Mumbai is at Rs 46,750 and Rs 46,510, respectively.
 "Gold trading at Rs 48,510 per 10 gm today; silver price at Rs 60,400/kg")
Gold trading at Rs 48,830 per 10 gm today; silver price at Rs 60,600/kg
In Delhi, the price of 24-carat gold stands at Rs 51,400, while in Mumbai it is at Rs 48,830, according to the Goodreturns website.
Gold trading at Rs 49,260 per 10 gram today; silver selling at Rs 61,700/kg
The price of gold varies across the country due to excise duty, state taxes, and making charges.
Gold trading at Rs 49,160 per 10 gram today; silver selling at Rs 62,700/kg
The price of gold varies across the country due to excise duty, state taxes, and making charges.
