World Gold Council

Global gold demand sees modest growth in Q1 to 1,083.8 tonnes on lockdown-led disruptions: WGC

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

Budget 2020: Govt to sell stake in LIC via partial listing; sets steep divestment target of Rs 2.1 lakh cr for FY21

Although the government did not give a roadmap for listing LIC, it said that Rs 90,000 crore will be achieved via stake sales in state-owned banks and financial institutions.

Budget 2020: Jewellery sector seeks reduction in gold customs duty to 6%, polished diamonds to 2.5% to revive industry

Saying that liquidity is a major area of concern, All India Gem and Jewellery Domestic Council (GJC) Chairman Anantha Padmanaban said the government should take steps to ensure that banks lend to jewellers.

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 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.

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 demand zooms in June quarter, but likely to lose sheen in 2019 on rising prices, hike in customs duty

Local gold prices hit a record Rs 35,960 ($519) per 10 grams on Tuesday, having jumped more than 10% over the past month, rising in line with international prices on tensions in the Middle East.