India overtakes China, becomes biggest gold consumer: Survey
India overtakes China, becomes biggest gold consumer: Survey

India regained its top position from China as the biggest overall consumer of gold in the first nine months this year with a total consumption of 642 tonnes, a survey said.

Gold buying slows amid price rally; Akshaya Tritaya demand eyed in India

Gold bullion purchases across Asia slowed this week as a long rally in prices discouraged buyers, with traders keeping a close watch on top consumer India ahead of a festival that usually sparks strong demand for the metal.

Gold price logs worst singe-day fall this year, ends at Rs 27,190 per 10 grams

Gold prices tumbled by Rs 510, the biggest fall this year, to trade at almost six-week low of Rs 27,190 per 10 grams at bullion market Wednesday on slackened demand from jewellers and retailers amid weak global cues.

`Gold still a good long-term investment option`

20 scheme, gold staged a strong comeback this week by rising Rs 840 to close at Rs 27,040 per ten grams, a level last seen on October 30.

'Gold prices may decline to Rs 24,500 by December'

Gold prices are likely to decline further to around Rs 24,500 per 10 grams by December if the rupee continues to rule at the current level, according to analysts.

India says not considering immediate gold import duty cut

India is not considering an immediate cut in gold import duties, Trade Minister Nirmala Sitharaman said on Wednesday, extending a policy that has helped narrow the country`s trade deficit but is believed to have led to an increase in smuggling.

Gold imports dip 26.39% to $1.81 billion in July

Imports of gold in July 2013 stood at USD 2.46 billion.

Gold import falls by 43% to 351 tonnes in H1, 2014

Gold imports fell by 43 percent to 351 tonnes in the first six months of this year as a hike in import duty curbed inbound shipments, according to the World Gold Council (WGC).

Rajan hints at gradual easing of gold import curbs

Earlier this week, Finance Minister P Chidambaram had indicated that the government might further ease restrictions on gold imports after the monetary policy.

Anand Sharma for easing gold import norms to check smuggling

Advocating relaxation of gold import norms to check smuggling, Commerce and Industry Minister Anand Sharma said the government will take action at an appropriate time.

`ETFs is the best way to invest in gold`

This Dhanteras, buying should only be for customarily purpose not for investment purpose.

Gold, silver extend losses on sustained selling, global cues

Gold plunged by Rs 280 to Rs 30,500 per ten gram in continuation with a loss of Rs 30 yesterday.

Gold futures shed 0.25% on profit-booking

Meanwhile, gold prices fell 0.07 percent to USD 1,364.10 an ounce in Singapore.

Gold falls 0.18% on global cues, rising rupee

Market analysts said the fall in gold futures was mostly attributed to a weakening trend in the global market.

Intel agency sounds 'alert' to check gold smuggling

They have been asked to intensify measures, including minutely scanning suspect passengers and commercial consignments to check smuggling of gold, the sources said.

Gold rally: What you should do

The smart recovery in bullion market has again restored the confidence in gold—something that had crashed just four months ago.

Gold falls for fourth-day on global cues; silver recovers

Gold prices extended losses for the fourth straight day by losing Rs 325 to Rs 31,100 per ten grams.

Gold futures up 0.20% on global cues, spot demand

Amid a firming trend in the global market, gold prices rose 0.20 percent to Rs 31,820 per 10 gram in futures trade Monday as speculators created fresh positions.

Gold slips from eight-month high on sluggish demand

Silver also declined by Rs 75 to Rs 50,610 per kg on lack of buying support after steepest rise in last week.

Gold price retraces Rs 29,000 level in futures trade

Gold again crossed Rs 29,000 per ten gram level in futures trade on Tuesday by rising 0.42 percent as speculators engaged in creating positions amid a firming trend overseas.