Gold Demand

Gold Price Moves Higher By Rs 180 Per 10 Grams

Business | Press Trust of India | Wednesday May 8, 2019

Traders said the sentiment turned bullish on the back of pick-up in buying support from local jewellers amid positive overseas trend as rising US-China trade tensions boosted gold's safe-haven appeal.

Gold Demand Sparkles Ahead Of Akshaya Tritiya: Report

Business | Thomson Reuters | Friday April 26, 2019

Jewellers were making purchases for the Akshaya Tritiya festival on May 7, the dealer added.

Gold Demand Subdued As Jewellers Defer Buying, Seen Improving In April

Business | Thomson Reuters | Friday March 22, 2019

Gold imports in February fell 10.81 per cent from the same period last year to $2.58 billion, trade ministry data showed earlier this month.

Consumers Cash In Old Jewellery As Gold Prices Rally: Report

Business | Thomson Reuters | Friday February 8, 2019

Falling demand for new gold causedimports in 2018 to drop 14 per cent from the year before to 756.8 tonnes, the World Gold Council said in an estimate released last week.

Gold Prices Set For First Annual Decline In 3 Years

Business | Thomson Reuters | Monday December 31, 2018

Gold & Silver Rate: Spot gold fell 0.2 per cent on Monday, near a six month high of $1,282.09 it hit on Friday, but silver rose 0.3 per cent to $15.39 per ounce in the session. Gold prices jumped about 5 per cent in December. Gold declined nearly 2 per cent for the year., and silver shed over 9 per cent.

You Can Buy Gold Online For 1 Rupee, But Here's A Catch

Business | Swansy Afonso, Bloomberg | Tuesday December 18, 2018

Retailers are offering online sales of gold in bite-sized portions to prop up shrinking demand in the world's second-biggest consumer. Demand for gold is falling, partly as a result of government measures, higher local prices and the metal's fading appeal among more youthful customers. "A lot of people have been buying at one rupee," according to G...

Gold Demand Picks Up As Consumers Make Wedding Season Purchases

Business | Thomson Reuters | Thursday November 22, 2018

Gold prices were trading near their lowest since October 1, as an appreciation in the rupee made buying overseas cheaper.

Iranian Trader, Called "Sultan Of Coins", Executed For Gold Trafficking

World News | Agence France-Presse | Thursday November 15, 2018

Iran executed a trader dubbed the "Sultan of Coins" and his accomplice on Wednesday for exploiting a surge in gold demand from savers spooked by this year's currency crisis.

Gold Rates At 5-Year Highs, Festive Week Fails To Spark Demand

Business | Thomson Reuters | Friday November 2, 2018

Rupee has lost more than 12 per cent of its value against the US dollar so far in 2018, making purchases of commodities denominated in the greenback more expensive

Gold Prices Rise For Third Straight Day On Festive Demand: 5 Points

Business | NDTV Profit Team | Thursday November 1, 2018

In the national capital, gold of 99.9 per cent and 99.5 per cent purity advanced by Rs 130 each to Rs 32,780 and Rs 32,630 per 10 grams, respectively.

Government Eyes Higher Import Duties On Key Items, But Will Spare Gold: Official

Business | Thomson Reuters | Monday September 24, 2018

India is the world's second-biggest gold buyer, after China, and spent $3.64 billion on such imports last month. The government is also planning to ask state oil firms to lock in their crude futures purchase prices, anticipating a spike when US sanctions on Iran are reimposed in November.

Gold Demand Falls As Kerala Floods Hit Festival Buying

Business | Thomson Reuters | Friday August 24, 2018

Gold demand usually sees a jump in Kerala during the festival of Onam, but this year, the southern state is reeling from some of the worst floods in a century

Gold Imports Rise For First Time In 7 Months: Metal Consultancy GFMS

Business | Thomson Reuters | Monday August 13, 2018

For the first seven months of 2018, the country's gold imports fell 28 per cent from a year ago to 406.2 tonnes, data compiled by GFMS showed.

Gold Price Breaks Three-Day Rising Spree: Five Things To Know

Business | Agencies | Saturday July 7, 2018

Gold prices were driven by a weak trend overseas amid easing demand from local jewellers, said traders. Gold prices in Delhi had gained by Rs 330 per 10 grams from Wednesday to Friday.

Monsoon Could Push Gold Price Higher As Rural Demand Picks Up. Where Is Gold Headed?

Business | NDTV Profit Team | Monday June 18, 2018

Monsoon delivers about 70% of annual rainfall, spurring farm output and boosting spending on items ranging from gold to tractors and refrigerators.