World Gold Council

Gold prices up 30% in 2024; set for best calendar year show in 10 yrs: WGC

Goldman Sachs expects gold prices to reach $3,150 per ounce (bull-case scenario; base case: $3,000/oz) by December 2025, an upside of around 17 per cent from the current levels

Global gold ETF demand turns positive for first time this year, says WGC

The WGC, an industry body grouping global gold miners, said North American gold demand was boosted by uncertainty around the US presidential election

Duty cut boosts India's gold demand to 248.3 tonne, up 18% in Q3: WGC

India's gold demand witnessed an 18 per cent on-year growth during the July-September quarter of this year to 248.3 tonnes, as the reduction in gold import duty resulted in a revival in jewellery demand, the World Gold Council (WGC) said in a report on Wednesday. The overall gold demand during the corresponding quarter of last year stood at 210.2 tonnes, according to the WGC's Q3 2024 Gold Demand Trends report. However, with gold prices ruling at all-time highs, there might be an increased trend for investors to wait for price corrections. The full-year gold demand is likely to be in the range of 700-750 tonnes, slightly less than last year, as Dhanteras and wedding season is likely to boost overall gold demand. In 2023, India's gold demand stood at 761 tonnes. On Tuesday, gold price rose by Rs 300 to Rs 81,400 per 10 grams, near its record high level, in the national capital due to heavy demand for Dhanteras by jewellers and retailers. In terms of value, gold demand went up by 53

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

Rising investor gold demand offsets lower jewellery buying in Q3: WGC

Total demand for gold, including opaque OTC trading, rose 5 per cent to 1,313 tons, a record for a third quarter, the WGC said

India's gold demand drops 5% in June quarter; up 14% in value term: Report

Gold demand India: Gold prices, meanwhile, surged 18 per cent year-on-year (YoY) in the June 2024 quarter to $2,338.2 an ounce (oz), and were up nearly 13 per cent when compared with the December 2023

India's duty cut to revive gold demand after weak June quarter: WGC

Higher purchases in the world's second-biggest gold consumer could support global benchmark prices, which are trading near record highs

Why is China turning its back to gold jewellery? Chris Wood explains

In dollar terms, gold prices hit $2,331/oz at the end of H1-CY24, according to WGC data, rising 12.1 per cent during this period

Union Budget 2024: Sharp import duty cut to burnish gold and silver

Diamond industry to also benefit from change in safe harbour rules

Global gold ETFs lose $6.7bn in 2024; worst H1 drop in 11 years: WGC

WGC defines gold ETFs as regulated securities that hold gold in physical form. These include open-ended funds traded on regulated exchanges and other regulated products like closed-end funds and MFs

Gold slips Rs 10, silver gains Rs 100; yellow metal trading at Rs 72,210

In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,340, Rs 66,190, and Rs 66,960, respectively

Biggest global gold ETFs by AUM see $3.9 bn outflow in 5 months. Check why

On the other hand, gold prices have seen a rise in the last few months amid steady demand, especially from the global central banks

Gold price falls Rs 10 to Rs 72,590, silver falls Rs 100 to Rs 83,400

The price of 22-carat gold also declined by Rs 10, with the yellow metal selling at Rs 66,540

RBI bought 19 tonnes of gold in March qtr. What fuelled the buying spree?

The RBI net demand totaled 290 tonnes in the March 2024 quarter, up 1 per cent as compared to 286.2 tonnes in the March 2023, strongest start to any year on record, World Gold Council (WGC) said.

Gold price rally could cut India's demand to four-year low, says WGC

Domestic prices of gold hit a record high this month of 73,958 rupees ($885.72) per 10 grams. They have risen more than 13% in 2024 after rising more than 10% in 2023

Why are gold prices rising? Chris Wood of Jefferies explains

China's official gold reserves, Wood said, have increased by 314 tonnes, or 16.1 per cent, from 1,948 tonnes at the end of October 2022 to 2,262 tonnes at the end of March 2024

I expect gold price to be notably higher next year: World Gold Council CEO

My vision is for all other SROs that emerge around the world to form a united representative force at the upper echelons of the gold industry, says David Tait

What drives shiny metal's price up or down, explains World Gold Council

During periods of turmoil, gold tends to make headlines as fans of the precious metal argue it can act as a safe haven. But is it also an inflation hedge? Is it considered a risk asset?

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

Gold spot of bother: Little sparkle for financiers despite tailwinds

Increased competition, lower spreads, moderate growth are among hurdles to overcome