Gold demand in India

Gold demand in India seen falling to lowest in 8 years in 2017

Gold demand in India seen falling to lowest in 8 years in 2017

Indian demand is likely to be around 650 tonnes in 2017, compared to a 10-year average of 845 tonnes.

Nov 09, 2017, 12:07 PM IST
India's Q3 gold demand drops 24% to 145.9 tonnes: WGC

India's Q3 gold demand drops 24% to 145.9 tonnes: WGC

In value terms, the gold demand declined by 30 percent at Rs 38,540 crore, compared to Rs 55,390 crore in the same period of 2016.

Nov 09, 2017, 11:12 AM IST
India's gold imports may fall 25% in December quarter

India's gold imports may fall 25% in December quarter

In the first nine months of 2017, the country`s gold imports surged 131 percent to 638.4 tonnes, according to GFMS data, as jewellers advanced buying in the first half of the year ahead of a sales tax hike that took effect from July 1.

Nov 08, 2017, 14:24 PM IST
Indian gold prices at discount on weak demand

Indian gold prices at discount on weak demand

India`s gold imports in June more than tripled from a year earlier to 75 tonnes, but it could fall below 35 tonnes in July, consultancy GFMS said.

Jul 14, 2017, 17:18 PM IST

India gold demand drops off as buyers await new tax regime

Gold demand in Asia tapered off this week as buyers took to the sidelines in India to await a new national tax policy and as China entered a seasonal slowdown.

May 26, 2017, 17:46 PM IST
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.

Jun 02, 2016, 15:55 PM IST
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.

Feb 11, 2016, 11:30 AM IST
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.

Dec 19, 2015, 14:14 PM IST
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.

Nov 12, 2015, 15:56 PM IST
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.

Nov 08, 2015, 12:45 PM IST
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.

Oct 05, 2015, 14:57 PM IST

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).

Aug 13, 2015, 12:44 PM IST

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.

May 14, 2015, 20:15 PM IST

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.

Jan 22, 2015, 18:56 PM IST

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.

Sep 26, 2014, 18:40 PM IST

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.

Dec 22, 2013, 21:03 PM IST

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.

Jul 16, 2013, 13:57 PM IST

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.

Jul 16, 2013, 12:15 PM IST

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.

May 16, 2013, 11:59 AM IST

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.

May 15, 2013, 14:27 PM IST