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.

Gold imports likely to touch 1,000 tonnes this year, up 11%

Gold imports likely to touch 1,000 tonnes this year, up 11%

Buoyed by sharp fall in gold prices globally, India is likely to see a jump of 11 percent in imports of the metal to 1,000 tonnes this year.

 

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.

Gold schemes will expand consumer choices, help economy: WGC

Gold schemes will expand consumer choices, help economy: WGC

Lauding the launch of three gold schemes by Prime Minister Narendra Modi, World Gold Council (WGC) on Thursday said the initiative will expand consumer choices and help the economy.

India's gold demand could hit 950 tonnes as prices fall: Valcambi

India`s gold demand might reach 950 tonnes this year as lower prices spur buying during the peak festival season and for weddings, the world`s biggest gold refiner, Valcambi, said.

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).

Hallmarked gold jewellery varies in purity in India: World Gold Council

It may come as a shock to some, but even gold jewellery that has Hallmark certification vary in purity, the World Gold Council (WGC) said while calling for urgent steps to improve quality standards in the world's largest gold consuming nation.

Even hallmarked gold jewellery varies in purity

The improvements to the hallmarking system in India are not only essential to a successful gold monetisation scheme but also help to boost the country's gold jewellery exports from the existing $8 billion to $40 billion in the next five years, it said.

Gold jewellery export may rise to $40 billion if quality improved

Gold jewellery exports could jump five-fold to USD 40 billion in the next five years if quality standards are improved, the World Gold Council said Thursday.

Falling gold prices boost demand in India: WGC

A fall in gold prices has boosted demand in India, the world's second largest consumer, despite the summer months being a traditional quiet period, World Gold Council (WGC) said Thursday.

India's Q1 gold demand up 15%: WGC

The demand for gold in India for the first quarter (January-March) of 2015 was at 191.7 tonnes, up by 15 percent as compared to the corresponding period of 2014, World Gold Council (WGC) said in a report on Thursday.

Akshaya Tritiya: Traders expect 25-30% rise in gold sales

Sales of gold jewellery on Akshay Tritiya day Tuesday are expected to jump by 25-30 percent compared last year on this festival day, traders body CAIT said Monday.

Indian gold prices swing to premium

Gold prices in top consumer India swung to a premium to the global benchmark this week, compared with discounts late last month, as jewellery demand picked up, dealers said.

Global gold demand dipped by 4% in 2014: WGC

Global gold demand dipped by 4% in 2014: WGC

The overall gold demand stood at 4,087.6 tonnes in 2013, according to WGC 'Gold Demand Trend 2014' report.

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.

Removal of import curbs to improve official supplies: WGC

The government yesterday scrapped a scheme under which it was mandatory for importers to export 20 percent of the gold they imported. It was put in place in August 2013 to check high gold imports that had widened the current account deficit.

Removal of 80:20 scheme will boost jewellers'' confidence: WGC

Under the scheme, 20 percent of the imported gold had to be exported before getting a new lot. The scheme was put in place in August 2013 to curb gold imports, which was considered a major cause for the widening current account deficit of the country.

WGC ties up with IIM-A to set up Gold Policy Centre

World Gold Council (WGC) today said it has tied up with Indian Institute of Management, Ahmedabad (IIM-A) for setting up 'India Gold Policy Centre' to do research on gold industry.

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.