Page 6 - Gold Demand

India gold discounts widen, Singapore demand up on festival buying

Physical gold discounts rose in India this week as buyers remained on the sidelines, while demand in Singapore and other Asian hubs ticked up as buyers took advantage of lower prices ahead of holidays

The current correction is temporary, add to your position in gold

With liquidity remaining high and real interest rates continuing to be low, gold is expected to do well for at least the next 18-24 months

India's yearly gold demand in 2020 can be the lowest since 1995: WGC

According to the World Gold Council (WGC), gold demand in India thus far in CY20 stands at 252 tonnes, as compared to 496 tonnes in the same period last year.

Covid woes: Global gold demand dips 19% in Sep qtr to 892 tonnes, says WGC

Global gold demand declined by 19% during the July-September quarter to 892.3 tonnes, the lowest quarterly total since Q3 of 2009, due to coronavirus-induced disruption

Gold's record rally to boost Kalyan Jewellers' $235 mn IPO, say experts

Kalyan Jewellers India Ltd. said Monday it plans to raise as much as Rs 17.5 billion ($235 million) through a public listing as it banks on the long-term appeal of gold

Minimalism is the new normal for those who just can't stop loving gold

With prices becoming prohibitive, buyers are now choosing dainty designs over dense, light jewellery over heavy sets, as gold retains its glitter in the run up to the wedding season

Gold demand jumps as lockdowns ease, imports rebound by 25% in July

Overseas purchases rose to 25.5 tonnes in July from 20.4 tonnes a year earlier and were almost double the amount shipped in the previous month

India gold demand drops 70% in Q2 to hit 11-year low on price, Covid impact

World Gold Council data shows demand dropped to 63.7 tonnes in the April-June quarter this year. Back in 2009, demand had plunged to as low as 40 tonnes following Lehmann crisis

Gold jewellery demand in India slumps 74% in June quarter on Covid-19

The strict lockdown imposed in late March eclipsed the gold buying festival of Akshaya Tritiya

Gold price rises in India with little demand for the physical metal

Gold ETFs, sovereign bonds drive yellow metal to new high of Rs 48,380 despite little demand

April gold imports plunge 99.9% to three-decade low amid lockdown: Report

In value terms, April imports dropped to $2.84 million from to $3.97 billion a year ago

Covid-19 outbreak: No gold seizure by Customs in April amid lockdown

A recent study by the WGC said global gold demand during the Jan-Mar quarter grew just 1% to 1,083.8 tonnes

India's gold demand slumps to 11-year low of 102 tonnes in March quarter

Investment demand, though lower by 17%, was relatively better as sentiments towards equities turned negative and investors turned to gold's liquidity and safe haven status

Titan's jewellery division to roll out digital initiative for clients: CEO

Ajoy Chawla, CEO of the jewellery division at Titan, tells Samreen Ahmad that the company is gearing up to train nearly 25,000 people in Titan's ecosystem in two weeks to restart post-lockdown work.

Gold imports in FY20 fell to a decade low, March saw 75% decline

Demand slowdown seen next year as well; no immediate uptick seen post lifting of lockdown

Silver demand and import in India decline, but price outlook bullish

India's demand has been muted especially since import duty was raised to 12.5 per cent last July

Gold demand in India down 18% in Q3; revival hinges on Budget measures

This quarter was crucial because of a fall in demand in the Diwali days in the year-ago equivalent period. However, that failed to boost numbers because of high prices, weak consumer sentiment

India, China account for 80% drop in gold jewellery demand in Dec quarter

WGC estimates the total fourth quarter demand for gold at 1,045.2 tonnes - a drop of 19 per cent year-on-year

India's gold demand expected to rebound from 3 year low: World Gold Council

As Indian gold prices jumped 25% in 2019, hitting a record high, consumption fell 9% from the previous year to 690.4 tonnes, the lowest since 2016, the WGC said

First time since Budget, gold trading at 0.5% premium over landed cost

Gold has been selling at a premium for the first time since the Union Budget for 2019-20, presented on July 5, when import duty on gold was raised to 12.5 per cent