Page 5 - Gold Demand
Gold price slips Rs 10 to Rs 73,080, silver rises Rs 100 to Rs 93,300
The price of 22-carat gold was down by Rs 10, with the yellow metal selling at Rs 67,000
Gold price climbs Rs 10 to Rs 73,100, silver rises Rs 100 to Rs 93,100
The price of 22-carat gold rose Rs 10, with the yellow metal selling at Rs 67,010
Gold price slips Rs 10 to Rs 72,370, silver rises Rs 100 to Rs 96,100
The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 66,340
Gold price slips Rs 10 to Rs 72,270, Silver declines Rs 100 to Rs 89,900
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,390, Rs 66,240, and Rs 66,840, respectively
Gold price rises Rs 10 to Rs 72,160, silver slips Rs 100 to Rs 89,900
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,310, Rs 66,160, and Rs 66,670, respectively
Gold price slips Rs 10 to Rs 71,720, silver falls Rs 100 to Rs 89,900
The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 65,740
Gold slips Rs 10, silver down Rs 100; yellow metal trading at Rs 72,220
The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 66,240
Gold price slips Rs 10, silver down Rs 100; yellow metal at Rs 72,370
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,490, Rs 66,340, and Rs 66,940, respectively
US slaps sanctions on Hong Kong, UAE firms for Russian-origin gold deals
Russia is the world's second-largest gold miner after China
China's central bank to resume gold buying as prices ease, analysts say
After adding to its gold reserves for 18 consecutive months, official data from the People's Bank of China (PBOC) showed its holdings were unchanged in May
Gold price slips Rs 10 to Rs 72,100, silver falls Rs 100 to Rs 92,700
The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 66,090
Gold price declines Rs 10 to Rs 72,810, silver rises Rs 100 at Rs 87,300
In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold stood at Rs 72,960, Rs 72,810, and Rs 72,970, respectively
Gold price falls Rs 10 to Rs 71,500, silver falls Rs 100 to Rs 82,900
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 65,690, Rs 65,540, and Rs 66,340, respectively
India's gold demand rises 8% in Jan-Mar to 136.6 tonne despite high rate
India's gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in demand. India's gold demand in value terms rose 20 per cent on an annual basis to Rs 75,470 crore during the January-March period of this year on volume growth as well as a rise in quarterly average prices by 11 per cent. On Tuesday, the World Gold Council (WGC) released its global report 'Gold Demand Trends Q1 2024', showing that India's total gold demand, including both jewellery and investment, increased to 136.6 tonne in January-March this year from 126.3 tonne in the year-ago period. Out of the total gold demand, the jewellery demand in India increased 4 per cent to 95.5 tonne from 91.9 tonne. The total investment demand (in the form of bar, coin among others) grew 19 per cent to 41.1 tonne
Gold price dips Rs 10 to Rs 62,060, silver climbs Rs 100 to Rs 74,600
The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 56,890
Global gold demand down 5% in 2023 on continuing ETF outflows: WGC Report
Global gold demand declined 5 per cent to 4,448.4 tonnes in 2023, compared to the previous year, mainly due to continuing Exchange-Traded Fund (ETF) outflows, according to the World Gold Council (WGC) report. The overall global gold demand was 4,699 tonnes in 2022, according to WGC's Gold Demand Trends report 2023. According to the report, global gold ETFs saw a third consecutive annual outflow, losing 244.4 tonnes compared to 109.5 tonnes in 2022. Losses were most marked in Europe, where holdings fell by 180 tonnes - the worst annual performance since 2013. The pace of outflows slowed markedly into year-end, but October's hefty outflows dominated the fourth quarter (October-December), it added. Outflows from European funds have continued in the opening weeks of 2024, and North American-listed funds have resumed their decline after a two-month respite in November and December, the report said. Strong equity performance and continually shifting expectations surrounding the timing
Gold steadies amid firm dollar, countering expectations on peak US rates
The market was certain the U.S. central bank will leave rates unchanged in December, with most traders eyeing rate cuts from May 2024.
Q3 gold demand up 10%; price to play key role in Dhanteras buying
Gold demand in India, the world's second-largest consumer of the yellow metal, rose 10 per cent to 210.2 tonnes during the third quarter of this calendar year, aided by softening of gold prices and festive demand, according to the World Gold Council (WGC). Speaking to PTI, WGC India Regional CEO Somasundaram PR said gold prices softened a bit during the last quarter but now they have started inching up. Prices will play a critical role during the Dhanteras festival and wedding season in the next two months. Trade feedback is that consumers have accepted the Rs 60,000 per ten-gram price point, so a downward correction could trigger a significant jump in demand. Dhanteras is considered the most auspicious day in the Hindu calendar for buying items ranging from precious metals to utensils, to other valuables. Releasing the quarterly gold demand report, the WGC said India's gold demand increased to 210.2 tonnes during the third quarter of 2023 calendar year, from 191.7 tonnes in the ..
Gold demand loses lustre in peak festival season in India as prices rally
India is the world's second-largest gold consumer, and a drop in purchases could limit a rally in global prices. Falling demand for gold imports could also help narrow India's trade deficit
Gold demand in India dips 7% YoY in June 2023 quarter as prices rise: WGC
High gold prices, and a knee-jerk reaction to the ban on Rs 2,000 notes during the recently concluded quarter, WGC said, also dented sentiment for gold
