Page 34 - Gold

Weddings, lower prices to lift India's gold demand in June quarter: WGC

The report forecast India's gold consumption in 2019 at 750 to 850 tonnes, from 760.4 tonnes last year and a 10-year average of 838 tonnes, the WGC said

Gold inches up on weak economic data, but firm dollar caps gains

The US dollar, which traded close to a near two-year peak, kept the metal's gains in check by making it more expensive for holders of other currencies

Reserve Bank is buying gold, joining central banks in stashing safe asset

The RBI may purchase 1.5 million ounces in 2019, or about 46.7 tons with an outlook based on extrapolating amounts bought in the first two months of this year.

India's love for gold stagnates; it's time to take cue from China

Most of the jewellery in China is 24-carat gold, as opposed to India, where it's 22 carat

Jewellers bat for standardisation in hallmarking of gold to avoid confusion

The All India Gem and Jewellery Domestic Council (GJC) has urged the consumer affairs ministry for standardisation in hallmarking purity across the country

Govt bats for holding gold in electronic form: Here are the details

Even as gold remains in the vault of service provider, transactions will take place digitally, says the proposal

How to strike gold: You may soon buy, sell, collaterise yellow metal

The government proposes to treat gold as a financial asset on par with equities.

Govt urges banks to show results in existing gold monetisation scheme

Refineries and hallmarking centres have told the govt in the past that a few tons of gold can easily be mobilised under the GMS once banks sign the tripartite agreement

Plan to invest in the yellow metal? Digital gold is a cost-effective way

You can buy in small quantities over time and take a physical delivery later

Regulatory board for gold gets Finance Ministry nod, ball in PMO court

A panel headed by NITI Ayog member Ramesh Chand on spot and futures trading had proposed a separate regulator for spot trading

NSE eyes 350-375 tonnes of domestically refined gold market for derivatives

So far, only London Bullion Market Association recognised bullion is accepted as good delivery on the exchange platform

Gold imports' 5.5% dip during April-Feb likely to keep lid on CAD

Trade experts said softening prices of the yellow metal in the world markets could be the reason for the contraction in imports

Indian gold flips to premium as demand picks up pace in major Asian hubs

In India dealers were charging a premium of up to $1 an ounce over official domestic prices this week, up from last week's discount of up to $2

Jewellery buyers defer purchases as gold hits all-time high on global cues

Footfalls drop sharply at retail outlets in Mumbai, as customers expect price fall in the days to come

Good news for jewellery exporters as banks revise financing norms

In the year since the Nirav Modi fraud came to light, all banks having tightened their financing to the sector

Gold stays near 10-month peak; Palladium trades at record high

A new round of talks between Beijing and the United States to resolve their trade spat will take place in Washington later in the day, with follow-up sessions at a higher level in the course of the we

Commodity watch: Current consolidation in gold good for future uptrend

According to data from the World Gold Council, central banks bought 651.5 tonnes of gold last year, the largest increase in global reserves since 1971.

India's gold imports jump 64% in January despite prices hitting 5-year high

The World Gold Council, a London-based promotion body, expects a recovery in demand in India this year on increased spending with elections due by May

Gold glitters, trades at record high in Mumbai on peak wedding demand

Bullion traders say the actual trades are still around Rs 33,600 per 10 gram.

Open interest in gold at 5-year high as traders expect prices to moderate

Even when the international gold prices moderated, the price in India remained high due to a fall in the rupee exchange rate and lower discounts