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Gold scheme: Banks may offer interest on deposits of above 30 gms

May 19, 2015

Gold scheme: Banks may offer interest on deposits of above 30 gms

The government is trying to convince households, who sometimes have little faith in financial institutions, to break the tradition and hand over gold passed down the generations. #Economy #CRR #Arun Jaitley #PolicyWatch #Personal finance #World Gold Council #Statutory Liquidity Ratio #gold monetisation scheme
Festival season push: India's gold demand to bounce back in April-June, says WGC

May 14, 2015

Festival season push: India's gold demand to bounce back in April-June, says WGC

WGC's second-quarter gold demand numbers for India, expected to be released by mid-August, will likely show an improvement over the first quarter, when China was the top consumer for gold, overtaking India by nearly 100 tonnes. #Gold #Jewellery #World Gold Council
RBI's decision to lift ban on import of gold coins the right move: World Gold Council

Feb 19, 2015

RBI's decision to lift ban on import of gold coins the right move: World Gold Council

The World Gold Council (WGC) said the RBI's decision to lift a ban on import of gold coins and medallions by banks and allowing them to import gold on a consignment basis was a right move. #Gold #RBI #Reserve Bank of India #World Gold Council #gold coins #Gold Import #Gold medallions #80:20 scheme #trading houses
India pips China as world's biggest gold consumer in 2014

Feb 13, 2015

India pips China as world's biggest gold consumer in 2014

India is likely to remain the world's biggest gold consumer this year after regaining the top spot from China in 2014, driven by robust jewellery demand, the World Gold Council (WGC) said on Thursday. #India #China #Gold #Jewellery #World Gold Council
India likely to keep lead over China in gold consumption, says WGC

Feb 12, 2015

India likely to keep lead over China in gold consumption, says WGC

Demand dipped in both countries in 2014 from record levels a year earlier, but Indian demand slid only 14 percent, compared with a much steeper 38 percent fall in China. #Economy #India #China #Gold #NewsTracker #Commodity #World Gold Council