Gold Demand

Gold prices will likely go up further in the near term as easing US inflation may boost demand for the metal, but a sharp rally is unlikely.

Titan reported a 33.7% rise in second-quarter profit on Friday as demand for gold improved ahead of the festival and wedding seasons.

India's gold demand has reached pre-pandemic levels and has witnessed an annual growth of 14 per cent during the July-September quarter at 191.7 tonnes mainly driven by strong consumer interest.

Demand for physical gold picked up pace this week as some consumers bought into a retreat in domestic prices to a near one-month low ahead of the DhanterasandDiwali festivals.

Online jewellery sales in India have seen rapid growth over the past few years, largely driven by demand from millennials amid growing internet penetration, World Gold Council said.

Physical gold demand picked up this week as domestic prices fell ahead of key festivals, while premiums in China climbed further as its currency weakened.

Gold prices on Wednesday fell by Rs 126 to Rs 50,012 per 10 gram in futures trade as speculators reduced their positions.

Gold prices on Thursday fell by Rs 184 to Rs 50,230 per 10 gram in futures trade as speculators reduced their positions.

Gold prices on Monday fell by Rs 333 to Rs 50,905 per 10 gram in futures trade as speculators reduced their positions.

Gold demand in India improved this week as a drop in domestic prices to a more than two-week low allowed dealers to reduce discounts, while volumes were sombre in other Asian centres.

The silver imports are set to triple in 2022 from a year ago to record highs after a dip in prices to 2-year lows spurred investors to bet that the metal was primed for a rebound and could outperform gold in the coming years.

Kerala Chief Minister Pinarayi Vijayan on Thursday rejected the opposition Congress-led UDF's demand for a High Court-monitored CBI probe into the sensational gold smuggling case.

Gold Price Today And Silver Price Today: Gold hovered near a fresh seven-month low on Wednesday, with the dollar perched at a two-decade peak, as investors continued to snub bullion and look to the greenback for safety amid growing anguish over a worsening global economic outlook.

Gold Import Tax: India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world's second biggest consumer of the precious metal tries to dampen its demand and bring down the trade deficit.

Commodities across board ranging from metals like silver, copper, zinc and aluminium to coriander, cottonseed and guar gum, witnessed decline

Gold prices will likely go up further in the near term as easing US inflation may boost demand for the metal, but a sharp rally is unlikely.

Titan reported a 33.7% rise in second-quarter profit on Friday as demand for gold improved ahead of the festival and wedding seasons.

India's gold demand has reached pre-pandemic levels and has witnessed an annual growth of 14 per cent during the July-September quarter at 191.7 tonnes mainly driven by strong consumer interest.

Demand for physical gold picked up pace this week as some consumers bought into a retreat in domestic prices to a near one-month low ahead of the DhanterasandDiwali festivals.

Online jewellery sales in India have seen rapid growth over the past few years, largely driven by demand from millennials amid growing internet penetration, World Gold Council said.

Physical gold demand picked up this week as domestic prices fell ahead of key festivals, while premiums in China climbed further as its currency weakened.

Gold prices on Wednesday fell by Rs 126 to Rs 50,012 per 10 gram in futures trade as speculators reduced their positions.

Gold prices on Thursday fell by Rs 184 to Rs 50,230 per 10 gram in futures trade as speculators reduced their positions.

Gold prices on Monday fell by Rs 333 to Rs 50,905 per 10 gram in futures trade as speculators reduced their positions.

Gold demand in India improved this week as a drop in domestic prices to a more than two-week low allowed dealers to reduce discounts, while volumes were sombre in other Asian centres.

The silver imports are set to triple in 2022 from a year ago to record highs after a dip in prices to 2-year lows spurred investors to bet that the metal was primed for a rebound and could outperform gold in the coming years.

Kerala Chief Minister Pinarayi Vijayan on Thursday rejected the opposition Congress-led UDF's demand for a High Court-monitored CBI probe into the sensational gold smuggling case.

Gold Price Today And Silver Price Today: Gold hovered near a fresh seven-month low on Wednesday, with the dollar perched at a two-decade peak, as investors continued to snub bullion and look to the greenback for safety amid growing anguish over a worsening global economic outlook.

Gold Import Tax: India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world's second biggest consumer of the precious metal tries to dampen its demand and bring down the trade deficit.

Commodities across board ranging from metals like silver, copper, zinc and aluminium to coriander, cottonseed and guar gum, witnessed decline