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China overtakes India in gold demand in 2013: Report

Last Updated: Tuesday, February 18, 2014, 13:01

For the first time India lost its tag of the world's largest gold consumer to China, which lapped up 1,065.8 tonnes of the precious metal in 2013, says a World Gold Council report.

India's Q3 gold demand down by 32% to 148 tonnes: WGC

Last Updated: Thursday, November 14, 2013, 23:40

Gold demand in India fell by 32 percent to 148.2 tonnes in July-September period of 2013 due to supply constraints and high inflation, global body WGC said Thursday.

Gold price falls Rs 115 to Rs 26,715 per 10 grams

Last Updated: Wednesday, July 10, 2013, 15:14

While gold fell by Rs 115 to Rs 26,715 per 10 grams, silver lost Rs 400 to Rs 40,350 per kg on lack of buying support from jewellers and industrial units.

India's gold demand dips by 12% to 864.2 tonnes in 2012: WGC

Last Updated: Thursday, February 14, 2013, 15:42

Total jewellery demand in the country in 2012 was down by 11 percent to 552 tonnes, compared to 618.3 tonnes in 2011.

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

Last Updated: Thursday, January 24, 2013, 11:18

Kotak, who heads new generation private banking major Kotak Mahindra Bank, also said that the Indian equity market should give a return of 15-20 percent this year from the current levels and this growth should also help investors look away from gold towards equity as an investment option.

India's gold demand to be 19% lower at 800 tonnes in 2012: WGC

Last Updated: Wednesday, November 28, 2012, 20:10

The demand for gold in India is likely to be 800 tonnes by end of 2012 in comparison to 986 tonnes in 2011, said World Gold Council, Director Investment, Amresh Acharya told reporters Wednesday.

Gokarn for dematerialisation to arrest rising gold demand

Last Updated: Sunday, November 25, 2012, 18:48

Reserve Bank Deputy Governor Subir Gokarn on Sunday said there is a need to "dematerialise" gold like any other financial product to reduce its physical imports, the rise of which has been blamed for the high current account deficit that is feared to touch new record high this year.

Gold demand up 9% in July-September

Last Updated: Thursday, November 15, 2012, 18:09

Domestic gold demand recovered 9 percent to 223.1 tonne in the July-September quarter driven by a late revival of the monsoons and restocking by traders ahead of the festive and wedding seasons, according to the World Gold Council (WGC).

Gold imports dip 18.4% to Rs 71,912 crore in Apr-June

Last Updated: Thursday, August 30, 2012, 16:10

India's gold imports contracted by 18.4 percent year-on-year to Rs 71,912 crore in the April-June quarter of the current fiscal.

India's gold demand in Jan-Mar dips by 29%: WGC

Last Updated: Thursday, May 17, 2012, 14:31

Gold demand in the country declined by 29 percent at 207.6 tonne during the first quarter of this year due to new tax on gold jewellery, increased import duty and weakness and volatility in the rupee, a World Gold Council report on Thursday said.

India's gold demand in Jan-Mar dips by 29%: WGC

Last Updated: Thursday, May 17, 2012, 14:31

Gold demand in the country declined by 29 percent at 207.6 tonne during the first quarter of this year due to new tax on gold jewellery, increased import duty and weakness and volatility in the rupee, a World Gold Council report on Thursday said.

India's gold demand drops below China in 4th quarter

Last Updated: Friday, February 17, 2012, 08:32

But the country's fourth-quarter imports figure came short of a previous forecast of more than 281 tonnes.