WORLD GOLD COUNCIL
Gold to retain price glitter in 2020; may touch Rs 45,000 per 10 gram
In 2019, gold peaked at USD 1,557 an ounce and Rs 39,900 per 10 gram.
Downtick in gold demand seasonal, millenials have nothing to do with it: PR Somasundaram, World Gold Council
If not jewellery, people lapping...
Govt notifies mandatory gold hallmarking; WGC welcomes move
As per the notification, only a registered jewellers will be allowed to sell the ...
Gold is third most consistently bought investment globally: WGC
Millennials’ attitudes towards gold are not so different to those of older generations.
Rising prices may hit gold demand by 8% this year
A demand trend report by the WGC also said that gold demand in India declined 32 per cent year-on-year to 123.9 tonnes in the third quarter of 2019.
Gold traders turn upbeat as wedding season begins
Even the price sensitive eastern market is witnessing a positive sentiment among consumers.
Wedding gold purchase in Diwali causes discrepancy
Spot gold on MCX has risen by almost 22 per cent year-on-year to Rs 38,630 (ex-GST) this Dhanteras-Diwali.
Muted Dhanteras fails to boost gold sales
Jewellers across the cities complained of lesser footfalls and reduced consumer spending.
Compulsory hallmarking to shield jewellery buyers
There are around 650 hallmarking centres across the country.
Net scrap supply of gold could jump 70% in Q3
Exchange offer jump in average quarterly price a big reason.
DRI raids Mumbai traders suspected of dealing in smuggled gold
Under Section 123 of the Customs Act, the burden of proof that certain notified goods like gold, silver, cigarettes, etc, are not smuggled rests with the persons from whose possession they have been seized by the authorities.
Price surge spells ‘hell’ for India gold demand
India’s consumption of gold has been affected by the govt’s efforts to curb its trade deficit.
Gold ETFs: Investors bet big on the safe haven asset
The report noted that ETF gold holdings are now approaching their old highs reached back in 2012.
Rising price may hit physical demand for Gold, say Experts
Metal to test ₹40,000 mark with overseas spot prices trading at 6-year high of $1,500
Higher import duty could cut Indian gold demand by approximately 2.4% this year : WGC
Gold price currently stands at $1418 an ounce the average price of $1268.5 last year.
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