Gold Demand In India

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.

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.

India's gold demand declined 18 per cent to 135.5 tonnes in the first three months of this year, mainly due to a sharp rise in prices

India's gold imports, which have a bearing on the country's current account deficit (CAD), rose by 33.34 per cent to $46.14 billion during the 2021-22 fiscal on higher demand, according to official data.

India's gold imports rose 73 per cent to $45.1 billion during the April-February period of the current financial year owing to higher demand

India's gold imports doubled to $38 billion during April-December period of the current fiscal owing to higher demand

India splurged a record $55.7 billion on gold imports in 2021, buying more than double the previous year's tonnage as a price drop favoured retail buyers and pent up demand emerged for weddings that were delayed when the pandemic first hit.

Physical gold demand picked up in major Asian hubs this week helped by a retreat in prices, with dealers in India prepared for a likely spurt in buying as the wedding season gathers pace.

Higher demand from the world's second-biggest gold consumer could help support spot prices after a near 5 per cent correction so far this year.

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.

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.

India's gold demand declined 18 per cent to 135.5 tonnes in the first three months of this year, mainly due to a sharp rise in prices

India's gold imports, which have a bearing on the country's current account deficit (CAD), rose by 33.34 per cent to $46.14 billion during the 2021-22 fiscal on higher demand, according to official data.

India's gold imports rose 73 per cent to $45.1 billion during the April-February period of the current financial year owing to higher demand

India's gold imports doubled to $38 billion during April-December period of the current fiscal owing to higher demand

India splurged a record $55.7 billion on gold imports in 2021, buying more than double the previous year's tonnage as a price drop favoured retail buyers and pent up demand emerged for weddings that were delayed when the pandemic first hit.

Physical gold demand picked up in major Asian hubs this week helped by a retreat in prices, with dealers in India prepared for a likely spurt in buying as the wedding season gathers pace.

Higher demand from the world's second-biggest gold consumer could help support spot prices after a near 5 per cent correction so far this year.