World Gold Council

Saturday, Jun 25, 2022 | Last Update : 04:37 AM IST

Contrary to the trend of past several years, buying was not confined to emerging markets in 2021. For the first time in almost a decade, there was significant buying from developed market central banks. The Monetary Authority of Singapore bought gold for the first time after 21 years and Ireland since 2008. — DC Image

RBI’s 77 tonne gold buy is 2nd highest

RBI's gold reserves stood at 676.6 tonnes at the end of 2020, which probably has now gone up to 753 tonne

29 Jan 2022 8:54 AM

Gold has historically performed well amid high inflation. In years when inflation was higher than 3 per cent, gold's price increased 14 per cent on an average. — DC Image

Gold may brave headwinds as a risk-hedge: WGC

Inflation will remain high, partly stemming from the unprecedented monetary and fiscal policies put in place to alleviate effects of Covid

14 Jan 2022 9:24 AM

The gold demand in India is heavily dependent on bullion and doré imports. Bullion industry has developed over the last three decades in India with significant addition to organised refining capacity and an LBMA accredited refinery. — DC Image

Duties fail to make dent in gold imports

The duty benefits led to rapid expansion of refining capacity in India, with number of refineries growing from three in 2012 to 32 in 2020

10 Dec 2021 9:24 AM

Jewellery demand and gold investment demand also declined in the first quarter. (AFP Photo)

India's Jan-Mar gold demand falls 36% due to volatile prices, economic uncertainties

Jewellery demand and gold investment demand also declined in the first quarter and going ahead it could be a "challenging year"

30 Apr 2020 2:19 PM

Usually, India’s gold demand hovers around 800 tonnes.

Gold demand falls below 700t, recycling rises 37 per cent last year

In 2019, the gold demand stood at 690.4 tonnes compared to 760.4 tonnes in 2018- a drop of 9 per cent, as per the World Gold Council data.

31 Jan 2020 1:37 AM

Post-festive season, the bullion dealers and jewellers found an opportunity to replenish their stocks when the prices fell by around Rs 200 per gm from record high levels in the domestic market.

Gold imports surge 78 per cent in November

The country imported 71 tonnes of gold in November, compared with 40 tonnes in October, reports quoting government officials said.

04 Dec 2019 2:22 AM

In Q3, the demand was down by 32 per cent at 123.9 tonnes and with this the total demand for the three quarters of 2019 stood at 498 tonnes.

Annual gold demand set to dip

At the end of June quarter, WGC had projected the annual demand to be in the range of 750 to 850 tonnes.

06 Nov 2019 1:28 AM

Over the next six to twelve months, financial market uncertainty and accommodative monetary policy are likely to support gold investment demand.

Gold may move up in H2: World Gold Council

Price momentum and positioning may fuel rallies and create pullbacks, as investors continuously reassess their expectations based on new information.

12 Jul 2019 1:54 AM

RBI buys 5.6 t gold in April

The RBI started purchasing gold in small quantities from December 2017 after a gap of eight years.

09 Jul 2019 3:36 AM

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce,’ said Suresh Hundia, former President of the Bombay Bullion Association.

Gold crosses $1,400 in global market

On the contrary, customers are coming out to sell their gold, as prices crossed Rs 34,000 per 10 gm in the domestic spot market.

22 Jun 2019 6:35 AM

Jewellery demand too was up by 5 per cent at 125.4 tonnes against 119.2 per cent in Q1 2018.

Gold demand up in March quarter: WGC

Demand for gold in India for Q1 2019 was at 159 tonnes up by 5 per cent as compared to 151.5 tonnes in Q1 2018.

03 May 2019 1:47 AM

The share of gold in RBI's reserves stood at 6.9 per cent at that time.

Gold share in reserves at 6.4 per cent as RBI adds 8.7t in Q4

After buying 200 tonnes of gold from IMF in 2009, RBI had shelved its gold accumulating initiatives for some time.

09 Apr 2019 1:37 AM

US Federal Reserve's meeting tomorrow is expected to put gold on an upward trajectory and leave behind the interest rate narrative that has been controlling the price movement for quite some time.

Gold to be on upward trajectory

There is a very high probability of gold prices moving up. Domestic price correction has been overdone due to the rupee strength.

20 Mar 2019 2:10 AM

As emerging markets expand and trust the US less, that will also strengthen the value of gold.

Receding cash relevance to help gold: WGC

Though acceptances of crypto-currencies have been seen spreading fast, they may not replace cash.

14 Feb 2019 1:55 AM

In value terms jewellery demand saw 14 per cent growth at Rs 40,690 crore in the third quarter this year from Rs 35,610 crore.

Indian gold demand rises 10 pc in Sept quarter; festive outlook muted

Total gold recycled in the country declined by 13.85 per cent to 23 tonne, compared to 26.7 tonne.

01 Nov 2018 12:21 PM

According to WGC, the effects of trade sanctions so far have mainly affected emerging markets such as China or Turkey, but expanding or maintaining sanctions for a longer period will likely damage global growth.

Gold prices likely to rise on growth woes

In India, WGC said the gold premiums have turned positive again, suggesting a tilt towards buying.

27 Aug 2018 12:22 AM

The total gold demand stood at 202.6 tonnes in the second quarter of 2017, WGC said in its Gold Demand Trends Q2 2018 report.

India sees 8 per cent plunge in Q2 gold demand: WGC

Total jewellery demand also dropped by 8 per cent during the quarter 147.9 tonnes compared to 161 tonnes in the same period last year.

03 Aug 2018 1:51 AM

In the April-June quarter, Indian gold demand fell 8 per cent from a year ago to 187.2 tonnes. (Photo: PTI)

Gold demand to revive in H2 as govt supports farmers: WGC

Gold demand is set to improve in the second half of 2018, after falling 6 per cent in the first half.

02 Aug 2018 10:37 AM

In April last year, Paytm launched the digital gold service.

Gold transaction via mobile apps to be popular in coming decades

Mobile payment apps like Paytm and PhonePe have joined hands with gold refiner MMTC-PAMP to buy, store and sell gold.

18 May 2018 8:30 AM

Demand also fell as the number of days considered lucky for weddings in the March quarter fell, Somasundaram said.

Rural purchases may boost gold demand

WGC expects imports to remain in line with last year

04 May 2018 6:22 AM

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