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Gold maintains upward trend on global cues, gains Rs 100 to Rs 31,150 per ten gram

Gold maintains upward trend on global cues, gains Rs 100 to Rs 31,150 per ten gram

Gold prices rose for the fifth session in a row, by gaining Rs 100 to Rs 31,150 per ten gram today, supported by a firm global trend and wedding season demand from jewellers.

India's gold demand likely to rise in second quarter: WGC

Indian demand for gold is likely to increase in April-June from the first quarter due to strong buying during a major festival, lower prices and robust economic growth, the World Gold Council said on Thursday.

Global gold demand near 5-year low in Q3, India overtakes China: WGC

Global gold demand fell to its lowest in nearly five years in the third quarter as Chinese buying slid by a third, the World Gold Council said on Thursday, putting it back behind India as the world`s biggest gold consumer.

Appetite for jewellery boosts India gold demand: WGC

Jewellery demand in India surged 60 percent in the third quarter, but investment demand eased 10 percent.

China overtakes India in gold demand in 2013: Report

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

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.

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

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

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

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

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).

India, China accounted for 55% of global gold demand in Jun qtr

India and China accounted for more than half of overall global demand for gold jewellery in three months ended June 2011, says a report.