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World Gold Council organises forum to reform gold fix

Last Updated: Wednesday, June 18, 2014, 15:03

Industry group the World Gold Council announced a plan on Wednesday to reform gold`s global reference price, or "fix", to switch to using actual trades instead of quotes.

RBI move to ease gold import norms to up official supplies: WGC

Last Updated: Thursday, May 22, 2014, 18:48

Welcoming the Reserve Bank's decision on easing the 20:80 gold import norms, the World Gold Council (WGC) Thursday said this will help in increasing the official supplies.

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.

Gold demand in India to rise in H2 as import curbs likely to be eased - WGC

Last Updated: Tuesday, May 20, 2014, 11:40

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, top officials at the World Gold Council (WGC) said on Tuesday.

India's gold demand down 26% at 190.3 tonne: WGC

Last Updated: Tuesday, May 20, 2014, 11:35

In value terms, gold demand witnessed a fall of 33 percent to Rs 48,853 crore during the first quarter of 2014.

Asian gold demand falls in Q1 but fund outflows dry up - WGC

Last Updated: Tuesday, May 20, 2014, 10:49

Gold demand in major consumers China and India fell in the first quarter from the previous year`s record levels, the World Gold Council said on Tuesday, though a drop in sales from bullion-backed investment funds kept overall demand steady.

Gold slips on economic optimism; platinum adds to gains

Last Updated: Monday, May 19, 2014, 08:57

Spot gold slipped 0.08 percent to $1,292.01 an ounce by 0030 GMT, while platinum gained about half a percent. Palladium rose 0.2 percent.

China's gold demand to remain robust; to reach 1,350 tn by 2017

Last Updated: Tuesday, April 15, 2014, 22:02

Chinese demand for gold is expected to grow by 22.72 percent to reach to about 1,350 tonne by 2017 on rising real incomes, a deepening pool of private savings and rapid urbanisation across the country, says a report by the World Gold Council.

Chinese gold demand may rise 20% by 2017: WGC

Last Updated: Tuesday, April 15, 2014, 10:00

Annual demand for gold in the form of jewellery, coins and bars is set to hit "at least 1,350 tonnes by 2017", the WGC said in a report on China.

China world's largest gold consumer in 2013: Report

Last Updated: Wednesday, February 19, 2014, 11:20

The report released by the London-based World Gold Council (WGC) Tuesday said the demand for gold in China set a remarkable new record of 1,066 tonnes, a rise of 32 percent year-on-year.

Gold price falls as market takes breather after 3-day rally

Last Updated: Wednesday, February 19, 2014, 04:58

Gold fell on Tuesday as the market took a breather after a three-day rally that pushed it over $1,330 an ounce, but prices hovered around a 3-1/2 month high due to lingering worries over global economic growth.

India's gold demand up 13% at 975 tonnes in 2013: Report

Last Updated: Tuesday, February 18, 2014, 14:37

India's gold demand remained buoyant in 2013 and rose by 13 percent to 975 tonnes compared to 2012, despite government putting in several restrictions to curb imports, according to a World Gold Council report.