World Gold Council

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  World Gold Council: Gold Demand Hits All-Time Quarterly Record

  As per the report posted by the World Gold Council, "Huge ETF buying" was cited as a primary catalyst for the demand surge.

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  Gold Is No Sleepy Asset: WGC's Sachin Jain Still Bullish On Metal After Record Rally — Here's Why

  Speaking at the NDTV World Summit, Jain challenged the perception of gold as merely a passive asset, emphasising its exceptional performance in the current macroeconomic scenario.

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  Jewellery Buyers Pivot To Recycling, Lightweight Designs As Gold Prices Soar

  Gold prices crossed Rs 1 lakh per 10 grams, prompting shoppers to recycle old jewellery or opt for light weight designs, the World Gold Council and India Bullion and Jewellers Association said.

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  Record Gold Prices Deter Consumers; Jewellery Sales Decline

  With the current gold prices, the Akshaya Tritiya festival is expected to be a lacklustre event.

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  World Gold Council To Form Panel To Set Up Spot Gold Bourse In India

  The Multi Commodity Exchange (MCX) and National Commodity and Derivatives Exchange (NCDEX) currently offer gold futures contracts in India, but do not have a platform for physical trade.

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  Festival Shopping Could Lead To Recovery In India Gold Demand: World Gold Council

  While overall gold consumption fell, demand for coins and bars, known as investment demand, jumped 51 per cent in the third quarter as rising prices attracted investors, the WGC said.

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  Gold Demand in India to Increase in 2014: WGC

  The World Gold Council is confident that 2014 would end on a robust note in gold demand in India, contrary to the initial drop in the first half.

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  India Should Aim $40 Billion Gold Jewellery Exports by 2020: WGC

  The country should also put to use about 22,000 tonnes of gold lying idle with households and temples and reduce its dependence on imports in the next five years, it said.

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  Gold Swaps to Cut Imports, Ease Payment Pressure

  The RBI has parked gold abroad in the past, once in the throes of the 1991 financial crisis. It did a similar swap in 1998, according to a report at the time, before Russia's default and devaluation caused a meltdown across emerging markets.

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  Gold Smugglers Try New Tricks to Evade Restrictions

  India -- whose appetite for gold is only rivalled by China -- last year imposed a record 10 per cent import duty and made it mandatory to export a fifth of all bullion imports, seeking to curb bullion demand that has blown out the trade deficit.

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  Gold Import Rules Likely to Stay Until Next Year: World Gold Council

  Demand in 2014 will be 850-950 tonnes, the industry body said, down 50 tonnes from its earlier forecast. China's demand forecast was also lowered to 900-1,000 tonnes from an earlier 1,000-1,100 tonnes.

• Asian Gold Demand Falls in Q1 But Fund Outflows Dry Up: WGC

  Consumer gold demand in number one buyer China fell 18 per cent to 263.2 tonnes, with Chinese demand for gold coins and bars down 55 percent in the first quarter, offset only partially by a 10 per cent rise in jewellery offtake.

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  Gold Demand in India to Rise, Modi Seen Easing Import Curbs

  Struggling with a ballooning trade deficit, India in 2013 imposed a record high duty of 10 per cent on overseas purchases of gold, the second-biggest expense in its import bill, and introduced a rule tying import quantities to export levels.

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  World Gold Council Calls Meeting to Explore Gold Fix Reform

  A discussion by gold buyers and sellers across the market on ways to reform or replace London's global price benchmark, known as the "fix", will be held next month by the World Gold Council.

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  Gold Demand In India Fell 18% Due To Rising Prices In First Quarter Of 2022: Report

  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