Gold Demand

Coronavirus impact: Gold dealers in top consumer China offer steep discounts as demand slumps

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 gold demand to hit three-year low at 700 tonnes in 2019 as prices surge to record high: WGC

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 falls 32% to 123.9 tonnes in Q3 on high prices, economic slowdown: WGC

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 prices rally Rs 460 to Rs 38,860 per 10 gram on weak rupee, rise in crude prices

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.