High gold prices, logistical constraints on delivery, uncertainties surrounding wedding schedules, income anxieties and lockdown in various degrees make it an unusual period that is bound to seriously restrict gold demand.
Coronavirus Outbreak: March gold imports hit six-and-half-year low on record price as lockdown squeezes retail demand: Report
The world’s second biggest consumer of gold imported 25 tonnes of gold in March, down from 93.24 tonnes a year ago, the source said.
Spot gold climbed 0.3 percent to $1,643.76 per ounce, having registered its biggest one-day percentage gain since 2016 on Tuesday.
With revenues falling, taxman rakes up three-year-old demonetisation cases; about 15,000 jewellers sent tax demands
Tax authorities are within the rights to demand tax on past revenue, which takes time to scrutinise, but it is highly unusual for officials to demand the entire revenue as tax.
Gold eases from 7-year high, but coronavirus fears limit losses; further escalation in epidemic likely to propel market higher
Spot gold was down 0.2 percent to $1,657.40 per ounce, after declining 1 percent earlier in the session. On Monday, the metal rose as much as 2.8 percent to its highest since January 2013 at $1,688.66.
The dollar slipped against a basket of rivals, making gold cheaper for holders of other currencies
Gold shines on Dhanteras; trade records 30 tonnes of sales, registers around 25% drop in demand against last year
Traders expected only 20 tonnes of gold to be sold in the domestic bullion market on Dhanteras this year, due to weak demand.
Gold prices expected to go up as investors bet on precious metal; muted consumer demand to perk up with festive season next month
The loose monetary policies of countries and the central banks across the globe diversifying into gold has also contributed majorly in the sharp spike in gold prices,
Gold slips Rs 140, still above Rs 38,000-mark on easing in demand from jewellers despite precious metal gaining overseas
A day after touching an all-time-high level, gold prices on Friday slipped Rs 140 but traded above the Rs 38,000-mark at Rs 38,330 per 10 gram, on easing in demand from jewellers despite the precious metal gaining overseas and sustaining above the psychological level of $1,500 an ounce
Gold prices hit six-year high on softer dollar; US-Iran friction drives investors towards safe-haven bullion
Gold prices climbed more than 1 percent on Tuesday to their highest in six years as the dollar weakened on prospects of monetary easing by the Federal Reserve, while simmering U.S.-Iran tensions drove investors towards the safe-haven bullion
Gold prices declined by Rs 100 to Rs 34,270 per 10 gram in the bullion market here on Monday due to easing demand from jewellers despite a positive overseas trend, according to the All India Sarafa Association
Gold prices rose by Rs 300 to Rs 33,870 per 10 gram in the bullion market here on Friday on fresh buying by jewellers and a firm trend overseas, according to the All India Sarafa Association
Gold prices fell by Rs 360 to Rs 33,370 per 10 gram in the national capital Tuesday tracking a weak trend overseas and tepid demand from local jewellers, according to the All India Sarafa Association
The benchmark BSE Sensex closed down 0.46 percent at 40,083.54 on Tuesday. The broader NSE Nifty ended 0.55 percent lower at 12,021.65.
Gold prices flat as simmering Sino-US trade tensions support dollar amid Fed Reserve meet delays rate cut plan
Lacklustre investor interest in bullion was reflected in the holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund. Holdings have declined nearly 7% so far this year.
Gold prices on Tuesday rose by Rs 377 to Rs 33,395 per 10 gram in the national capital due to rise in domestic demand, according to the All India Sarafa Association
Gold prices rose by Rs 180 to Rs 32,850 per 10 gram at the bullion market here on Wednesday due to fresh buying from jewellers amid a firm trend overseas, according to the All India Sarafa Association
Akshaya Tritiya gets off to a good start after three bad years; gold coins, lightweight jewellery most sought-after items
The dip in the price of gold helped and customers have been thronging jeweller stores across cities in the country
Jewellers expect better glitter this festive season on positive consumer sentiment and stable prices
India Bullion and Jewellers Association National vice-president Saurabh Gadgil said he expects 15-20 percent growth in demand this Akshaya Tritiya.
Gold prices on Thursday slumped by Rs 250 to Rs 32,620 per 10 gram at the bullion market here due to weak demand from jewellers amid weak global cues, according to the All India Sarafa Association