Gold Demand News
Global gold demand during the January-March quarter grew 1 percent to 1,083.8 tonnes compared to the same period last year mainly due to heavy inflow in gold-backed ETFs as COVID-19 pandemic fuelled safe-haven investment demand for the yellow metal, a World Gold Council (WGC) report said
India's Jan-Mar gold demand falls 36% to 101.9 tonne due to volatile prices, economic uncertainties: WGC
Gold demand in India fell 36 percent in the January-March quarter of this year to 101.9 tonne due to volatile prices, economic uncertainties and coronavirus-induced nationwide lockdown towards the end of the quarter, according to a report
Gold traders and dealers quoted massive discounts of about $50 to $70 over benchmark spot prices in China, the biggest on record as per data going back till 2014.
India's gold demand falls 9% in 2019 on economic slowdown, record prices; reforms may boost consumer confidence: WGC
In 2019, the WGC said India's gold demand in volume terms declined to 690.4 tonnes from 760.4 tonnes in 2018, out of which jewellery demand fell nine percent to 544.6 tonnes from 598 tonnes.
Gold prices inch down as markets eye ECB decision; traders remain anxious after virus outbreak in China
Traders remained anxious about the spread of the virus as China gears up to celebrate the Lunar New Year from this weekend, a peak period for travel and gold demand in the region.
India’s gold demand is expected to fall to its lowest level in three years in 2019, the World Gold Council (WGC) said on Tuesday, as domestic prices climb to a record against a backdrop of falling earnings in rural areas, a key source of custom for the precious metal
India's gold demand slumped 32 percent to 123.9 tonnes in the September quarter as higher prices and economic slowdown reduced the appetite for the yellow metal, according to a report
Economic slowdown impact: Gold, silver sales down by up to 40% this Dhanteras; high prices, low consumer spend hit demand
Dhanteras was a muted affair in most markets across the country with traders complaining of lesser footfall and reduced consumer spending.
Jewellers pin hope on Dhanteras, Diwali for revival in demand but expects 20-40% fall over last year's festive sales
Jewellers are pinning hope on Diwali for a revival in demand, though they are expecting that the sales may fall by 20-40 percent over last year's festive business
Gold on Monday climbed Rs 460 to Rs 38,860 per 10 gram in the national capital on a weak rupee and higher oil prices, which led to investors opting for safe-haven commodities, according to HDFC Securities
Gold prices slip from all-time high level, fall Rs 163 to Rs 36,807 per 10 gram on subdued demand from jewellers
After hitting an all-time high on Monday, gold prices slumped Rs 163 to Rs 36,807 per 10 gram in the national capital on Tuesday due to subdued demand from jewellers amid a weak trend overseas, according to the All India Sarafa Association
India's gold demand likely to soften in third-quarter on record high local price, rural distress: WGC
Indian gold futures hit a record high of Rs 35,409 ($511.54) per 10 grams in July. Local prices have risen 10 percent so far in 2019.
India's gold demand may fall to three-year low as prices hit record high; lower domestic purchases to affect rally in global rates
Local gold prices hit a record Rs 35,960 per 10 grams on Tuesday, having jumped more than 10 percent over the past month, rising in line with international prices on tensions in the Middle East.
Gold prices on Friday declined by Rs 160 to Rs 33,170 per 10 gram in the national capital due to tepid demand from jewellers amid weak global trend, according to the All India Sarafa Association
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
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
Spot gold prices were up 0.1 percent at $1,329.16 per ounce while US gold futures dipped 0.2 percent to $1,330.8 per ounce.
Domestic gold demand dips 1.40% to 760.4 tonne in 2018 on higher prices, govt measures; rises 4% globally: Report
Various central banks bought 74 percent more gold, adding 651.5 tonne more to their official gold reserves in 2018, compared with 374.8 tonne in 2017, the report said.
Gold rush: Higher prices fail to dent demand during festive period; industry body bullish about wedding season
Local gold prices have eased about 3 percent after touching their highest level in five years in late October.
Gold price increase to dampen Indian festive purchases, lower imports to help country reduce trade deficit: WGC
Gold demand in India usually spikes towards the end of the year, when buying the precious metal for weddings and major festivals such as Diwali and Dussehra is considered auspicious.