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India Gold Demand

Gold rises Rs 10 to Rs 80, 630; silver jumps Rs 100 to Rs 95,600 per kg

The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 73,910

Gold rises Rs 10 to Rs 80, 630; silver jumps Rs 100 to Rs 95,600 per kg
Updated On : 17 Jan 2025 | 7:30 AM IST

Gold rises Rs 10 to Rs 80,080; silver jumps Rs 100 to Rs 93,600 per kg

The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 73,410

Gold rises Rs 10 to Rs 80,080; silver jumps Rs 100 to Rs 93,600 per kg
Updated On : 16 Jan 2025 | 8:08 AM IST

Gold surges by Rs 10, silver down Rs 100; yellow metal trading at Rs 79,210

The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 72,610

Gold surges by Rs 10, silver down Rs 100; yellow metal trading at Rs 79,210
Updated On : 10 Jan 2025 | 7:21 AM IST

Gold prices up Rs 10 at Rs 79,210, silver rises Rs 100 to Rs 92,600 per kg

The price of 22-carat gold also went up by Rs 10, with ten grams of the yellow metal selling at Rs 72,610

Gold prices up Rs 10 at Rs 79,210, silver rises Rs 100 to Rs 92,600 per kg
Updated On : 04 Jan 2025 | 7:18 AM IST

Gold falls Rs 10 to Rs 77,550, silver down Rs 100 at Rs 90,400 per kg

The price of 22-carat gold also went down by Rs 10, with ten grams of the yellow metal selling at Rs 71,090

Gold falls Rs 10 to Rs 77,550, silver down Rs 100 at Rs 90,400 per kg
Updated On : 01 Jan 2025 | 7:53 AM IST

Indians buying lightweight, lower-carat jewellery as gold prices soar

Gold prices in the world's second biggest buyer of the precious metal have surged 22% so far this year, after rising 15% in 2023

Indians buying lightweight, lower-carat jewellery as gold prices soar
Updated On : 18 Dec 2024 | 8:07 PM IST

India's gold imports poise for slowdown in Dec after record Nov purchase

Lower imports by India, the world's second-biggest consumer of the precious metal, could cap a rally in global prices that hit a record high in October

India's gold imports poise for slowdown in Dec after record Nov purchase
Updated On : 17 Dec 2024 | 3:48 PM IST

India's gold imports up 331% to record high of $14.86 billion in Nov

The country's gold imports in November reached a record high of USD 14.86 billion, registering a four-fold increase, mainly on account of festival and wedding demands, according to commerce ministry data. Gold imports stood at USD 3.44 billion in November 2023. Cumulatively, imports during April-November this fiscal year rose 49 per cent to USD 49 billion as against USD 32.93 billion in the same period last fiscal year. According to the ministry, gold, with about 25 per cent average annual return, is one of the best-performing assets in 2024 (till November) and high imports indicate strong investor confidence in the precious metal as a safe asset. The other reasons include asset diversification towards gold due to global uncertainties, increasing demand from banks, cut in customs duties. Prices of the yellow metal have increased 23 per cent so far this year to Rs 78,350 per 10 gm in the national capital. In the Budget, the government slashed the duty from 15 per cent to 6 per ...

India's gold imports up 331% to record high of $14.86 billion in Nov
Updated On : 16 Dec 2024 | 8:07 PM IST

RBI adds 27 tonnnes gold to country's reserve in October, says WGC

Gold buying by central banks surged to 60 tonnes in October, mainly led by the Reserve Bank of India (RBI) which added 27 tonnes of the precious metal to its reserves, the World Gold Council (WGC) said on Thursday. India added 27 tonnes of gold in October, bringing its total gold purchases to 77 tonnes from January to October, according WGC data based on reported monthly data from the International Monetary Fund (IMF). This buying by RBI represents a five-fold increase as compared to the same period of 2023, said WGC. According to the data, with this purchase the total gold reserve of India is now at 882 tonnes, of which 510 tonnes are held in India. WGC further stated that emerging market central banks continued to dominate the market with Turkey and Poland adding 72 tonnes and 69 tonnes from January-October 2024, to their gold reserves, respectively. These three central banks alone accounted for 60 per cent of total global net purchases reported this year, it added. Meanwhile,

RBI adds 27 tonnnes gold to country's reserve in October, says WGC
Updated On : 05 Dec 2024 | 7:44 PM IST

Gold rises Rs 10, silver falls Rs 100; yellow metal trading at Rs 77,960

The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 71,460

Gold rises Rs 10, silver falls Rs 100; yellow metal trading at Rs 77,960
Updated On : 22 Nov 2024 | 7:26 AM IST

Gold dips Rs 10 to Rs 80,550; silver down Rs 100, trading at Rs 96,900

The price of 22-carat gold also witnessed a drop of Rs 10, with ten grams of the yellow metal selling at Rs 73,840

Gold dips Rs 10 to Rs 80,550; silver down Rs 100, trading at Rs 96,900
Updated On : 02 Nov 2024 | 8:00 AM IST

Festivities trigger gold buying spree, but volumes lag due to high prices

In India, prices jumped to a record high of Rs 79,775 per 10 grams earlier this week, marking a nearly 33 per cent increase since last year's Diwali

Festivities trigger gold buying spree, but volumes lag due to high prices
Updated On : 01 Nov 2024 | 2:17 PM IST

Gold up Rs 10 at Rs 81,340; silver falls Rs 100; trading at Rs 99,900

The price of 22-carat gold also witnessed a rise of Rs 10, with ten grams of the yellow metal selling at Rs 72,960

Gold up Rs 10 at Rs 81,340; silver falls Rs 100; trading at Rs 99,900
Updated On : 01 Nov 2024 | 7:49 AM IST

India's gold demand to hit 4-year low amid price rally: World Gold Council

Gold demand in the world's second-biggest consumer of the precious metal could stand between 700 and 750 metric tons in 2024, the lowest since 2020 and down from last year's 761 tons

India's gold demand to hit 4-year low amid price rally: World Gold Council
Updated On : 30 Oct 2024 | 1:25 PM IST

Dhanteras gems and jewellery sales may cross Rs 30K cr amid rising prices

Dhanteras and Diwali demand for gems and jewellery this year is anticipated to remain strong despite rising prices, with Diwali sales potentially crossing Rs 30,000 crore in the domestic market, according to industry experts. Price hikes in precious metals are prompting consumers to view gold as a reliable asset, while silver is gaining popularity among people due to its relatively lower price and high industrial demand. Some experts estimate sales growth in value terms of 10-15 per cent year-on-year this Diwali across the country, though there may be a dent in volume. Silver has emerged as the top performer with returns exceeding 40 per cent, followed by gold at 23 per cent, significantly surpassing stock market benchmark returns. Eastern Regional Chairman of the Gems & Jewellery Export Promotion Council (GJEPC) said, Gold continues to shine due to global uncertainties and geopolitical conditions, while silver is drawing substantial interest as an affordable option. The Council .

Dhanteras gems and jewellery sales may cross Rs 30K cr amid rising prices
Updated On : 29 Oct 2024 | 12:00 PM IST

Gold dips Rs 10 at Rs 79,790; silver down to Rs 100; trading at Rs 97,900

The price of 22-carat gold also witnessed a drop of Rs 10, with ten grams of the yellow metal selling at Rs 73,140

Gold dips Rs 10 at Rs 79,790; silver down to Rs 100; trading at Rs 97,900
Updated On : 29 Oct 2024 | 11:31 AM IST

Gold up Rs 10 at Rs 77,900; silver rises Rs 100, trading at 97,100/kg

The price of 22-carat gold also witnessed a rise of Rs 10, with ten grams of the yellow metal selling at Rs 71,410

Gold up Rs 10 at Rs 77,900; silver rises Rs 100, trading at 97,100/kg
Updated On : 17 Oct 2024 | 7:35 AM IST

Festive hopes fade for India's gold industry after surge in price

Consumers are opting for lighter, more affordable jewellery to stay within budget

Festive hopes fade for India's gold industry after surge in price
Updated On : 09 Oct 2024 | 2:56 PM IST

Gold down Rs 10 at Rs 77,440; silver dips Rs 100, trading at 95,900/kg

The price of 22-carat gold also witnessed a decline of Rs 10, with ten grams of the yellow metal selling at Rs 70,990

Gold down Rs 10 at Rs 77,440; silver dips Rs 100, trading at 95,900/kg
Updated On : 09 Oct 2024 | 7:46 AM IST

Indian gold demand buoyed by import tax cut ahead of wedding season

Imports more than tripled to 140 tons in August from the previous month, according to the World Gold Council

Indian gold demand buoyed by import tax cut ahead of wedding season
Updated On : 26 Sep 2024 | 7:51 AM IST