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Weak monsoon may hit gold demand in rural India, says WGC

Last Updated: Thursday, August 21, 2014, 16:29

Gold demand in rural India is expected to be lower this year with weak monsoon affecting household savings, according to the World Gold Council (WGC).

'Gold premiums to stay low in 2014 due to weak demand'

Last Updated: Thursday, August 21, 2014, 16:15

Indian gold premiums will average USD 3-USD 4 an ounce over London prices this year, roughly half what they were last year, because of continuing restrictions on imports that will soften demand, the head of the country`s biggest gold refiner said on Thursday.

India's Q2 gold demand drops by 39% to 204.1 tonnes: WGC report

Last Updated: Thursday, August 14, 2014, 12:05

India's Q2 2014 gold demand value fell by 41 percent to Rs 50,564.3 crore, compared to Rs 85,533.8 crore in Q2 2013.

Global Q2 gold demand slips 16% to 964 tonnes: WGC

Last Updated: Thursday, August 14, 2014, 12:00

Global gold demand in the second quarter of this year declined by 16 percent to 964 tonnes as consumers and investors held back due to an uncertainty about the direction and momentum in prices of the metal, a WGC (World Gold Council) report has said.

Gold import rules likely to stay until next year: WGC

Last Updated: Thursday, August 14, 2014, 09:56

Demand in 2014 will be 850-950 tonnes, the industry body said, down 50 tonnes from its earlier forecast.

Gold price today: Latest updates

Last Updated: Thursday, July 17, 2014, 15:54

Gold prices recovered by Rs 175 to Rs 28,350 per ten gram in the national capital Thursday, tracking a firming global trend amidst fresh buying by jewellers and retailers.

Gold price extends gains on buying by jewellers

Last Updated: Monday, June 23, 2014, 16:01

Gold prices rose Rs 60 to Rs 28,785 per ten grams in the national capital Monday on the back of increased buying by jewellers amid wedding season demand even as the metal weakened overseas.

Gold price near 4-month low as stronger equities curb demand

Last Updated: Tuesday, June 03, 2014, 10:22

Gold was flat at USD 1,244.55 an ounce. The five-day decline before Tuesday is the metal`s longest losing streak in nearly seven months.

Gold futures down on weak global cues

Last Updated: Monday, June 02, 2014, 13:34

Gold prices fell 0.20 percent to Rs 25,829 per 10 gram in futures trade on Monday as investors reduced positions in line with a weak trend in overseas markets amidst subdued demand in domestic spot markets.

Gold price dips below Rs 28,000-level on weak global cues

Last Updated: Wednesday, May 28, 2014, 16:42

Gold prices dipped below Rs 28,000-level for the first-time in 10-months by plunging Rs 400 to Rs 27,700 per ten grams in the national capital Wednesday on sustained selling by stockists and a weak global trend.

Gold price extends losses on sluggish demand, appreciating rupee

Last Updated: Monday, May 26, 2014, 15:29

Gold extended losses for the third day by falling Rs 270 to Rs 29,580 per ten grams in the national capital on Monday on reduced offtake and firming rupee against the dollar.

Gold demand in India to rise, Modi seen easing import curbs

Last Updated: Tuesday, May 20, 2014, 16:36

India`s gold demand is likely to pick up in the second half of the year as curbs on bullion imports are expected to be eased by the country`s new government, the World Gold Council (WGC) and other industry officials said on Tuesday.