Page 3 - Gold Demand

India gold demand drops 70% in Q2 to hit 11-year low on price, Covid impact

World Gold Council data shows demand dropped to 63.7 tonnes in the April-June quarter this year. Back in 2009, demand had plunged to as low as 40 tonnes following Lehmann crisis

Gold jewellery demand in India slumps 74% in June quarter on Covid-19

The strict lockdown imposed in late March eclipsed the gold buying festival of Akshaya Tritiya

Gold price rises in India with little demand for the physical metal

Gold ETFs, sovereign bonds drive yellow metal to new high of Rs 48,380 despite little demand

April gold imports plunge 99.9% to three-decade low amid lockdown: Report

In value terms, April imports dropped to $2.84 million from to $3.97 billion a year ago

Covid-19 outbreak: No gold seizure by Customs in April amid lockdown

A recent study by the WGC said global gold demand during the Jan-Mar quarter grew just 1% to 1,083.8 tonnes

India's gold demand slumps to 11-year low of 102 tonnes in March quarter

Investment demand, though lower by 17%, was relatively better as sentiments towards equities turned negative and investors turned to gold's liquidity and safe haven status

Titan's jewellery division to roll out digital initiative for clients: CEO

Ajoy Chawla, CEO of the jewellery division at Titan, tells Samreen Ahmad that the company is gearing up to train nearly 25,000 people in Titan's ecosystem in two weeks to restart post-lockdown work.

Gold imports in FY20 fell to a decade low, March saw 75% decline

Demand slowdown seen next year as well; no immediate uptick seen post lifting of lockdown

Silver demand and import in India decline, but price outlook bullish

India's demand has been muted especially since import duty was raised to 12.5 per cent last July

Gold demand in India down 18% in Q3; revival hinges on Budget measures

This quarter was crucial because of a fall in demand in the Diwali days in the year-ago equivalent period. However, that failed to boost numbers because of high prices, weak consumer sentiment

India, China account for 80% drop in gold jewellery demand in Dec quarter

WGC estimates the total fourth quarter demand for gold at 1,045.2 tonnes - a drop of 19 per cent year-on-year

India's gold demand expected to rebound from 3 year low: World Gold Council

As Indian gold prices jumped 25% in 2019, hitting a record high, consumption fell 9% from the previous year to 690.4 tonnes, the lowest since 2016, the WGC said

First time since Budget, gold trading at 0.5% premium over landed cost

Gold has been selling at a premium for the first time since the Union Budget for 2019-20, presented on July 5, when import duty on gold was raised to 12.5 per cent

Gold rush ahead? Price may surge to Rs 42,000 by Dec-end, say analysts

The yellow metal is likely to continue to remain bullish till the end of the year mostly due to sustained Central bank buying, geo-political uncertainties

India's gold demand fell 32% in Sep quarter on weak sentiment, high prices

WGC cuts full-year forecast for 2019 to 700 tonnes from 750-800 tonnes estimated projected earlier

Gold demand dips 32% to 123.9 tonnes in Q3 on price rise, slowdown: Report

In domestic market, gold prices had peaked to Rs 39,011 per 10 grams in September and are now ruling at Rs 38,800 per 10 gram.

Central banks just love gold and it's going to stay that way amid slowdown

Central banks added 374.1 tonnes in the first six months, helping push total bullion demand to a three-year high, according to the World Gold Council

Gold demand rose 14% in Apr-Jun, outlook for next to quarters weak: GFMS

Price might fall sharply if the US Fed does not reduce rate and policy remains unchanged for too long

Gold demand could fall to three-year low as prices hit record high

Local gold prices hit a record Rs 35,960 per 10 grams on Tuesday, having jumped more than 10% over the past month

Central banks bought more gold in 2018 than any year since 1967: WGC

Gold is traditionally seen as a safe investment in times of political or economic turbulence