Page 3 - World Gold Council

Covid-19 impact: Jewellery retailers take up digital channel to boost sales

WGC said the Covid-19 disruption has caused jewellery retailers India to re-evaluate their existing business model

A combination strategy to invest in gold

Buying jewellery is not investing in gold. It loses 20-25 per cent of value as soon as you take it out of the showroom. Gold bars and coins have purity concerns

Equity seems to be losing its charm as long-term returns disappoint

Gold, fixed income do well; Nifty50 stocks do not compensate for extra risk

Bullion experts propose separate gold saving account to promote paper gold

Currently, transaction in paper gold is available in the form of exchange-traded fund

Significant audience for retail jewellers to capture in India: WGC

WGC said India's cultural identity is greatly intertwined with gold which is widely referenced in ancient scripts

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 jewellery demand dips 41% to 11-year low in March quarter: WGC

Global holdings of physically-backed gold ETFs and similar products jumped by 298 tonnes during the March quarter - the highest quarterly inflows for four years

India's scrap gold supplies at record high on price rally, coronavirus: WGC

Record high local prices, coupled with short-term pressure on household finances, could encourage people to sell gold

Gold on top of Indian investors' mind, says World Gold Council report

As many as 1,005 rural and 1,280 urban investors were surveyed

World Gold Council plans consumer marketing in India, promotes digital gold

Move spurred by unprecedented decline in demand; WGC is also working with large institutions for a bullion exchange in India, and with assaying centres to build consumers' trust

Coronavirus unties the wedding business knot amid lockdown extension

At stake is the livelihood of millions of gig workers who provide wedding-related services - jewellers, designers, tailors, caterers, pavilion and tent providers and so on

Gold-backed ETFs see $23 billion inflow during March 2020 quarter: WGC

The sharp rise, according to the WGC, was triggered by a flight to safety amid the coronavirus (Covid-19) pandemic that hit world economy hard, and plunged most global equity markets into a bear phase

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

Code of conduct soon for jewellers as sector aims to restore consumer trust

World Gold Council to initiate talks with industry bodies; move is aimed at controlling jewellers' default, building lender's confidence as well

Indians sell record amount of old gold as prices hit 7-year-high

Consumers sold 37.9 tonnes of the yellow metal in June quarter, says World Gold Council

Holdings of gold-backed ETFs hit a new all-time high of 2,855.3 tonne in Q3

Further the report noted that central banks added 156.2 tonne to reserves in Q3, falling 38 per cent in comparison to the record Q3 last year.

India should launch bullion banking to boost industry, suggests WGC

The market potential for bullion banking in India, according to the council, has an estimated value between $300 million and 500 million

Consumers defer old gold sales on hopes of further rise in prices

Safe-haven buying of the metal has seen prices hitting a seven-year high in the international market and a life-time high in India

World Gold Council and MMTC Pamp to set up bullion assaying institute

Formed as a non-profit organization with 50:50 joint venture between WGC and MMTC Pamp, the institute would conduct education at India Institute of Gems and Jewellery