Wgc

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.

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

Gold amnesty scheme: Tax cheats must be taught a lesson, but targeting households, temple treasure will be a tricky affair

The problem with India’s ‘gold’ economy is that Indians do not see gold as merely an investment asset.

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.

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

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.

Demand for gold in rural India to revive in second half of 2018 as govt supports farmers: World Gold Council

Two-thirds of the country's gold demand comes from rural areas, where jewellery is a traditional store of wealth.

Gold loses shine: Demand falls by 12% to 115 tonne in Q1 due to high local price, says World Gold Council

In terms of value, the gold demand fell by 8 percent to Rs 31,800 crore, compared to Rs 34,440 crore in the same period of 2017

Gold tracks US dollar as interest rates take a back seat; trend expected to continue over coming months, says World Gold Council

One of the reasons the dollar will overtake rates to explain the direction of the gold price is that movements in the American unit already reflect inflation expectations of monetary policy in the world's largest economy, the WGC said