Page 4 - Gold Demand

Big election spends can push India's gold demand above 10-year average: WGC

Before the election, Prime Minister Narendra Modi's government could announce measures to help the nation's farmers, the biggest buyers of gold

India's gold demand to remain muted in October-December quarter

While gold price remained low in the international markets, depreciation in the Indian rupee kept its price up in local markets

'Recession fear' has made a comeback and gold is benefiting, says Goldman

Bullion is heading for the first monthly gain in seven after equities slumped and trade-war concerns festered, hurting the outlook for growth

Higher MSPs may push gold demand up by 25% in second half of 2018

Analysts expect 25 per cent rise in gold demand in the second half of this year as compared to the year-ago period

Gold demand in India down around 7% in Q1 to 187 tonnes, says WGC

Gold demand in India declined by 8 per cent during the second quarter of the current calendar year due to a slowdown in consumer off-take following a extra-month- "adhik mass", considered to be inauspicious period, coupled with a range bound price in local currency due to rupee depreciation.The apex global gold miners' body the World Gold Council (WGC) estimated overall gold demand in India at 187.2 tonnes for the April - June quarter 2018 compared to 202.6 tonnes in the corresponding quarter last year. While gold demand from jewellery sector slumped by 8 per cent to 147.9 tonnes for Q2, '18 from 161 tonnes in the comparable period last year, its investment demand fell by 5 per cent to 39.3 tonnes from 41.6 tonnes in the period under review.For the first half between January - June 2018 period, however, India's gold demand reported a decline of 6 per cent to 338.7 tonnes for the current year from 363.3 tonnes in the corresponding period last year."India's gold demand in the second ...

Gold demand to be positive in second half of 2018, says WGC report

While gold's volatility spiked in February and April, it has been moving in a relatively low range since

India's gold demand rises 9% in 2017 on jewellery purchases, says WGC

Robust December quarter boosts growth; policy on metal likely by July

Gold extend losses, down Rs 120 on lacklustre demand, silver up Rs 50

Gold had dropped by Rs 150 per 10 grams yesterday

Gold tumbles Rs 200 on muted demand, global cues; silver dips by Rs 500

Globally, gold fell 0.76 per cent to $1,265.90 an ounce and silver by 1.41 per cent to $16.06 an ounce in New York in yesterday's trade

Gold plunges Rs 300 on weak global cues, slack demand

Silver also fell by Rs 150 to Rs 39,000 per kg on reduced offtake by industrial units and coin makers

Gold plunges Rs 225 on muted demand from jewellers, silver dips by Rs 450

Globally, gold rose 0.06% to $1,275.40 an ounce

Gold drops below Rs 30,000, silver plunges Rs 800 on subdued demand

Better US manufacturing data increased the probability of returns from dollar and treasuries

Gold demand shines, up 30% in January-June: WGC

India filled the gap seen in global jewellery demand for gold in June quarter. India's demand for gold in the period increased 36 tons or 8 per cent to 480.8 tons. However India's demand went up 36.9 tons or 41 per cent to 126.7 per cent. Had there been no increase in India's demand, it would have been among the worst quarters. According to the data compiled by the World Gold Council (WGC), released in their Gold demand trend for June quarter 2017, India's gold demand jump by a staggering 30 per cent in the first half of the current calendar year on robust buying from consumers towards the end of the April - June quarter amid fear of the goods and services tax (GST) implementation.India's gold demand during the January - June period jumped to 298.4 tonnes compared to 229.4 tonnes in the corresponding quarter previous year. Investment demand in first half was 73 tons taking total demand to 371 tons. WGC is optimistic about future as well. "Macro-economic factors are positive. We have .

GST uncertainty clouds gold demand and import

Slide in gold import bill continues in FY 17 also but looking at the trend seen in March quarter it seems that slide will be arrested as demand continues to be good but projections of El Nino spoiling rural demand story and uncertainties over how Goods and Service Tax will be implemented will decide the trend for the gold. New gold policy in pipeline including talks of Adhar based KYC being extended for jewellery buying is another factor that could decide the trend for future gold demand. Import bill till February this financial year was $23.3 bn and 558 tons gold was imported. However good import trend has continued in March also and import is estimated around 80-85 tons which means estimated import bill for FY 16-17 around $26.8 bn (import estimate 640 tons for whole FY17). However the demand trend is expected to continue ahead of Akshaya Tritiya, an auspicious occasion when gold sales on a single day is quite high and falling on 28 April. Sudheesh Nambiath, Lead Analyst - Precious .

Gold demand eases on higher prices; premiums mostly unchanged

Higher prices prompted retail buyers to postpone purchases for wedding season

Price correction boosts gold demand; Indian discounts fall to 3-month low

Dealers in India were offering discounts of up to $25 an ounce over official domestic prices