Page 40 - Gold

Gold selling at a discount as import demand slows

Last week, gold was trading at around $1,300 per ounce because of geopolitical tensions

Akshaya Tritiya next week: Is it a good time to buy gold?

The recent rise in gold prices may not last, say experts

Gold softens on muted demand, silver goes below Rs 43k level

Globally, gold rose by 0.07 per cent to $1,288.70 an ounce

Gold firms up to near 30k; silver regains 43k-level

Traders said sentiment remained firm largely in line with positive global cues

Investors exit gold exchange-traded funds, withdraw Rs 775 cr in FY17

Asset base of gold funds dropped to Rs 5,480 cr at the end FY17 from Rs 6,346 cr at the end of FY16

Gold hits 5-month high on safe-haven demand as US strikes Syria

Donald Trump unleashed military strikes in response to a deadly chemical attack on a rebel-held area

After PM push, jewellers devise strategy to achieve $60 bn export target

India's gems and jewellery exports reported a sharp decline in recent years

Gold imports cross 560 tonnes in 10 months of FY17

Gold imports dipped by about 30% to $2.04 bn in Jan as against $2.91 bn in the same month last year

India may be out of step with world gold rally

Gold is poised for another good year for international investors. It has faced a bumpy ride during past few months but after initial dip following election of Donald Trump as US President, price of the yellow metal has again scaled back to $1250 per ounce level. According to Nikos Kavalis, Director of Metals Focus, who released their annual report on gold for 2017 today said, "in early March, hawkish comments from some Fed officials weighed on investor interest towards gold. However, following the March meeting, information released by the Fed suggested that most FOMC members stood by the view that two more rate hikes were appropriate for the rest of this year. This is something that the market had largely priced in since late 2016." This helped gold recoup most of the losses from end-February, surpassing $1,250. Nikos added "we believe that negative real rates, plus several tail risks, should yield further gains for gold as institutional investor interest in the metal grows. Prices .

Gold glitters near 29K level; silver tops Rs 42K

Spot gold was up 1.1 per cent at $1,257.08 an ounce at early trade

Tamil Nadu: Gold worth Rs 15 crore stolen; thieves drill hole in shop roof

Gold jewellery weighing 60 kgs and worth Rs 15 crore were found stolen

Gold import gains momentum

Industry estimates that first quarter of 2017 may end with imports around 200 tonnes

Short-term outlook firm for gold: Experts

The yellow metal is seen as a safe haven bet against rising inflationary pressures

Gold suffers worst run since October, approaches $1,200

A stronger dollar makes gold costlier for those with other currencies

Digital gold won't ever kill off the real thing. Here's why

Gold is durable with effectively infinite longevity and thus completely different to any other asset

Gold prices slump deeper on weak global cues, muted demand

Globally, gold fell by 0.19% to $1,213.30 an ounce

Gold prices edge up, but US rate hike outlook drags

Spot gold had edged up 0.1% to $1,216.5 per ounce

Gold jewellery demand likely to rebound after note ban

India's gold jewellery demand is likely to increase by 17 per cent for the calendar year 2017 on robust demand sentiment bouncing back after a drawdown in consumer demand post demonetization in November 2016.Leading rating agency India Rating in its latest study forecasts India's gold jewellery demand at 600 tonnes for calendar 2017 which is equivalent to the last five years' average. Data compiled by the World Gold Council (WGC) estimated India's gold jewellery demand at 514 tonnes for 2016."The underlying theme for jewellery demand remains robust, given India's demographics and the consumer's affinity towards gold for both wedding related purchases and as store of value. Hence, the demand is likely to rebound to above a five-year average of 600 tonnes in 2017," said Harsha Sodhani, an analyst with India Ratings.India's overall gold demand plunged by a staggering 21 per cent for calendar 2016 at 675.5 tonnes compared to 8572 tonnes for the previous year. Of which investment demand ...

Gold heads for weekly drop on talk of March rate rise

Spot gold fell by 1% earlier; it recovered later to settle at $1,234.41 an ounce

February gold import seen at 50 tonnes as demand returns

Gold demand seems to be returning after several months of lull in the past year. In the first two months of this year, January and February, average monthly import has been around 50 tonnes. Except January, October and November of last year, the monthly average during 2016 was 30 tonnes. After nearly 48 tonnes of import in January, February import is estimated at 50 tonnes. At the beginning of the month, demand was seen in a jewellery show and later small-ticket jewellery demand around Valentine's Day. In February last year, import was only 27 tonnes, of which a large part was for re-export; domestic demand was much lower. The trend of low import continued till September, with demand picking up only before Diwali. After demonetisation, demand jumped sharply as many people holding unaccounted money rushed to buy the yellow metal but that lasted only a few days. Demand dried in December. Now, since the beginning of the year, the price of gold has started rising. In 2016 so far, global ..