Lower prices nudge gold demand; Indian buyers stay off
In India, gold demand has fallen as the wedding season is nearly over and farmers are busy in the sowing of summer-sown crops.
Jun 16, 2017, 16:16 PM ISTIndia's gold demand may touch up to 950 tonnes level by 2020: WGC
Economic growth and greater transparency within the country's gold market will boost demand for the yellow metal up to 950 tonnes level by 2020, World Gold Council (WGC) said in a report Wednesday.
Mar 08, 2017, 19:47 PM ISTIndia gold consumption drops 28% to 195 tonnes in Q3: World Gold Council
India's gold demand declined by 28 percent to 194.8 tonnes in the third quarter this year mainly due to higher prices, not so recovered rural wallet and regulatory changes, World Gold Council's said in its latest report.
Nov 08, 2016, 13:06 PM ISTGold imports drop 76% to 60 tonnes in Apr-Jul this year
India's gold imports fell sharply by 76 percent to 60 tonnes in the April-July period this fiscal on high import duty and other taxes, according to gold and silver refiner MMTC-PAMP.
Aug 12, 2016, 11:55 AM IST
India's gold demand dropped 39% in Q1 2016: World Gold Council
The demand for gold in India for the January-March quarter of 2016 was at 116.5 tonnes, down by 39 percent as compared to the corresponding period of the previous year, the World Gold Council said on Thursday.
May 12, 2016, 14:58 PM IST
India surpasses China as world’s largest gold consumer
The consumption of gold in the first nine months of the year 2015 in India has been 642 tonnes whereas that in China has been 579 tonnes.
Dec 04, 2015, 18:08 PM ISTDrought dents India gold demand; prices still appealing
Nearly two-thirds of India`s gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.
Sep 11, 2015, 11:05 AM ISTIndia's gold demand could hit 950 tonnes as prices fall: Valcambi
India`s gold demand might reach 950 tonnes this year as lower prices spur buying during the peak festival season and for weddings, the world`s biggest gold refiner, Valcambi, said.
Aug 22, 2015, 22:44 PM ISTIndia's Q1 gold demand up 15%: WGC
The demand for gold in India for the first quarter (January-March) of 2015 was at 191.7 tonnes, up by 15 percent as compared to the corresponding period of 2014, World Gold Council (WGC) said in a report on Thursday.
May 14, 2015, 14:27 PM ISTChina imports more gold for holiday; Indian demand set to climb
Top bullion consumer China has been importing more gold in September than in the previous month due to demand from retailers stocking up for the upcoming National Day holiday, market sources said.
Sep 26, 2014, 13:17 PM ISTIndia's Q2 gold demand drops by 39% to 204.1 tonnes: WGC report
India's Q2 2014 gold demand value fell by 41 percent to Rs 50,564.3 crore, compared to Rs 85,533.8 crore in Q2 2013.
Aug 14, 2014, 12:05 PM IST