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Gold price loses sheen, fails to hold above Rs 29,000-mark

Gold price loses sheen, fails to hold above Rs 29,000-mark

Halting its two-day rising trend, gold prices declined by Rs 135 to trade below Rs 29,000 at Rs 28,865 per 10 gram at the bullion market Thursday owing to slackened demand by jewellers and retailers at prevailing level even as the precious metal firmed up overseas.

India gold demand remains flat at 849 tonnes in 2015: WGC

India gold demand remains flat at 849 tonnes in 2015: WGC

 India remained cautious on gold buying in 2015 as demand remained nearly flat at 848.9 tonnes compared to the previous year, according to the World Gold Council's Gold Demand Trends report.

Gold market likely to remain bullish in 2016

Gold market likely to remain bullish in 2016

Asian markets, which continued to be strong drivers of gold demand this year, are expected keep sentiment bullish in 2016 as well with the introduction of pro-gold schemes.

India's Q3 gold demand jumps 13% to 268 tonnes: WGC

India's Q3 gold demand jumps 13% to 268 tonnes: WGC

Gold demand in India during the July-September period increased by 13 percent to 268.1 tonnes mainly due to softening of the prices at the beginning of the quarter, World Gold Council has said.

Jewellers see flat gold sales this Dhanteras

Jewellers see flat gold sales this Dhanteras

Gold sales are likely to be flat this Dhanteras, which is considered as an auspicious day to buy precious metals, due to weak economic environment and poor monsoon, jewellers said.

Gold weak on global cues, low demand; silver remains up

Gold weak on global cues, low demand; silver remains up

Weak global bullion market and tepid domestic demand continued pressure on gold prices. Gold closed at Rs 26,600 per 10 grams at the bullion market on Monday, but silver rallied to Rs 35,760 per kg.

India's Q2 gold demand falls 25% to 154.5 tonnes: WGC

India's gold demand during April-June declined 25 percent to 154.5 tonnes due to unseasonal rains in the first quarter that damaged crops and the shrinking of wedding dates, according to the World Gold Council (WGC).

India set to beat China in gold demand: WGC

India is likely to overtake China in terms of demand for gold this year to become the precious metal's top consumer on the back of a higher economic growth trajectory, a global industry body said on Thursday.

India needs to bring gold reforms to raise gold recycling: WGC

India needs to take a leaf out of Turkey's book, which has undertaken gold reforms that helped bring out "stocks under the pillow", to reduce imports and curb smuggling, the World Gold Council on Thursday said.

Gold demand will increase, says World Gold Council

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.

Gold still showing no sign of losing its sheen in India

Steady demand, despite import restrictions, saw gold prices swaying between Rs.26,440 per 10 grams in April to Rs.34,600 per 10 grams in August.

FM rules out gold import ban; urges people to moderate demand

Ruling out complete ban on gold import, Finance Minister P Chidambaram on Tuesday appealed to the people to moderate their demand for the precious metal which is costing the nation USD 50 billion in foreign exchange.

High duty failed to curb Indian gold imports

The higher gold and oil imports were also responsible for a record high current account deficit (CAD) figure in 2012-13.

India's gold imports down 5.7% in Q1 2013; demand up 27%: WGC

India's gold imports dropped by 5.7 percent to 215 tonnes in the January-March period of 2013, even as its demand rose by 27 percent to 256.5 tonnes, World Gold Council (WGC) said on Thursday.

Gold demand may come down with decline in inflation: Rangarajan

Gold demand is likely to fall as easing of general inflation rate will make investment in financial products more attractive than the yellow metal, PMEAC Chairman C Rangarajan said on Wednesday.

Gold falls by Rs 75 to Rs 30,725 per 10 gm

Gold fell by Rs 75 to Rs 30,725 per ten grams in the national capital Thursday on stockists' selling, in line with a weak global trend.

Make equity market more attractive to wean away gold demand: Kotak

Kotak said that all other steps including imposition of higher duty can continue but it is very important to give an attractive alternative to Indian savers to drive them away from idle asset like gold.

'Gold investment speculative, not inflation-hedge'

Discounting the argument that gold is a hedge against inflation, Chakrabarty wondered how a hedge instrument can offer as high as 37 percent return year after year.

Gold regains all-time high of Rs 29,540/ 10 gms

Gold prices spurted by Rs 100 to regain the all-time high level of Rs 29,540 per 10 grams in the bullion market here, Saturday on strong demand triggered by the ongoing wedding season amid firm global cues.

India, China jewellery demand driving up gold prices

Increased use of gold in making jewellery in growing markets such as India and China has pushed up the yellow metal's prices, according to a study by Dubai Chamber of Commerce and Industry study based on the Dubai Multi-Commodities Centre (DMCC).