Despite a slight dip in sales volume due to rising prices, jewellers report steady purchases fuelled by festive sentiment and wedding season demand, with consumers opting...
High gold prices and seasonal factors have dampened demand for gold jewellery, while demand for bars and coins remains strong Mumbai: The World Gold Council (WGC) has...
The brand outlines the blueprint to expand its footprint by opening franchise stores in new cities during the fiscal year 2025 Mumbai: Tribhovandas Bhimji Zaveri (TBZ)...
Somasundaram PR, Regional CEO of World Gold Council, shared the report on the last quarter of 2023 virtually on January 31 Mumbai: World Gold Council announced...
Gold recycling, however, showed an increase in Q2 2023 when compared to the same quarter of the previous year, likely due to consumers capitalising on historic...
According to PR Somasundaram, MD of WGC India, the stocks may have reached 24,000-25,000 tonnes by now Indian households are believed to possess approximately 21,000 tonnes...
Noting that the billing process of retailers and the HUID system are not synced,M P AHAMMED, Chairman, Malabar Group, tells Srabana Lahiri that immediate action is...
Nirav Bhansali, Convener, National Exhibitions Sub-committee, GJEPC, says the Indian gold demand is so robust that the current price fluctuations will not affect IIJS Tritiya Nirav...
NEW DELHI: India’s gold consumption in 2022 fell 3% from a year earlier, as a rally in local prices to near-record highs curtailed bullion demand during...
Gold rates in India rose to new high today, tracking firm global rates. In domestic futures market, MCX gold rose 0.4% to Rs 57050 per 10...
MUMBAI/NEW DELHI: India’s gold imports in December plunged 79% from a year earlier to the lowest level in at least two decades for the month as...
Indian gold prices reached a high of Rs 53,462 per 10 grams last week as global spot prices rose to over $1,800 per ounce. This price...
The World Gold Council today launched a multi-media marketing campaign in India to create awareness on gold’s role in an investment portfolio and drive adoption amongst...
The World Gold Council’s latest Gold Demand Trends report reveals that gold demand (excluding OTC) in the third quarter of 2022 hit 1,181 tonnes, up 28%...
Gold sales in India may suffer this year as inflationary pressures and an erratic monsoon could hurt farmers’ incomes, reducing their ability to buy the precious...
Chennai: Gold demand in India was up 43% at 170.7 tonne in Q2, 2022 as against 119.6 tonne in Q2, 2021. Demand for gold jewellery was...
The World Gold Council’s latest Gold Demand Trends report reveals that gold demand (excluding OTC) in the second quarter was down 8% year-on-year to 948t. However,...
Gold discounts widened in India this week as demand faltered due to a rise in prices and a winding up of wedding season, while consumers remained...
Kerala-based jewellery major Malabar Gold & Diamonds expects the overall revenue to be approximately USD 1.5 billion in the UAE market by the end of the...
On the one hand, the world’s known gold reserves are running out, on the other hand, global demand keeps increasing. The unstoppable rise in global inflation,...
The World Gold Council’s latest Gold Demand Trends Report revealed that annual demand (excluding OTC markets) has recovered many of the COVID-induced losses from 2020 to...
Gold demand in India will be resilient against the latest onslaught of Covid-19 cases as buyers in the second-biggest consumer “learn to live with the virus,”...
India splurged a record $55.7 billion on gold imports in 2021, buying more than double the previous year’s tonnage as a price drop favoured retail buyers...
Purchasing a gold coin or jewellery on the occasion of Diwali or Dussehra is considered a wise decision not only for its monetary value, but also...
The World Gold Council launched a report titled ‘The drivers of Indian gold demand’, the first in a series of in-depth analysis on the Indian gold...
Swiss exports of gold to India jumped to a five-month high in August while shipments to China fell, Swiss customs data showed on Tuesday. Switzerland is...
Gold prices were flat on Tuesday, as investors braced for key U.S. inflation data that could offer cues on the Federal Reserve’s decision to taper stimulus...
Physical gold demand across top Asian hubs was largely muted this week as a rebound in domestic prices kept buyers at bay, while dealers in India...
Physical gold demand in India was subdued this week as jewellers held off purchases, hoping for a dip in prices, but top consumer China saw a...
India’s gold demand increased by 19.2 per cent to 76.1 tonne during the April-June quarter this year, largely due to low base effect, owing to the...
Consumer investment in gold increased in the second quarter of 2021 but some investors were less bullish, according to the World Gold Council’s latest Gold Demand Trends...
Dealers offered discounts of up to $12 an ounce over official domestic prices, inclusive of 10.75% import and 3% sales levies.
Deferred weddings and curbs forcing retail stores to shut caused import of gold to decline drastically.
Physical gold in India was sold at a discount this week for the first time in 2021 as a spike in coronavirus cases prompted strict restrictions...
In the small town of Koduvalli in Kerala’s Kozhikode district, every third or fourth shop can be found selling jewellery. But footfall is visibly low in...
NEW DELHI: Physical gold demand in India gained momentum this week as retail buyers and jewellers lapped up bullion at near eight-month low prices, while Singapore...
Weak Q4 set the seal on an 11-year low for annual 2020 gold demand. The global gold market was ravaged by COVID-19 disruption throughout the year,...
Ahmedabad: Muhurat purchases and Diwali season failed to add the needed glitter to gold demand. Consequently, yellow metal imports, even at 2.48MT, declined by a whopping 45%...
Global gold demand dropped by 19% y-o-y to 892t in Q3, as consumers continued to feel the impact of the COVID-19 pandemic. This was the lowest...
Until a week ago, bullion dealers were offering discounts on gold. But with the onset of Navratri demand, they have started charging a premium over the...
Gold may remain vulnerable to further losses in the short term, as markets are being impacted by movements in the US dollar, mainly due to the...
India’s gold demand (for jewellery and retail investment) will weaken to 350-400 tonnes in FY21 compared to an average demand of 700 tonnes since 2016, due...
Discounts of up to $20 an ounce were offered against official domestic prices including 12.5% import and 3% sales levies versus the $2 premiums last week....
People are getting used to Rs 50,000 plus range for gold. It would not take long before people just come out to buy as fears of...
Written By Suneeta Kaul Even as the corporate sector faces the post-Covid world with trepidation, the jewellery industry is hopeful of putting up a fairly good...
India is the second-largest consumer of gold in the world after China, and the demand for gold in India sharply declined in June due to various...
Gold prices have been ruling at unprecedented highs in India and global bullion markets as investors are preferring safe haven assets amid economic uncertainty triggered by...
Gold should be embraced as a portfolio diversifier and hedging strategy by an investor in the current environment. The present difficult time amid pandemic COVID-19 will...
The Sovereign Gold Bond Scheme 2020-21-Series IV will be opened for subscription for the period between July 6 and July 10. The fourth instalment of the...
KOCHI: Hedge Finance, a non-banking financial company which is promoted by the Baby Marine Group, is entering gold loan business. The group had brought forward their plans...
Zaveri Bazaar, Asia’s largest gold market, reopened on Friday, after 10 weeks of shuttering, injecting life into India’s tepid bullion and jewellery trade that relies heavily on this South Bombay...
A nationwide lockdown and closed jewellery shops across India have led to a severe fall in gold demand, leading to near-negligible gold imports in the month...
Gold has no doubt been the uncontested Student of the year in 2019 with a shining return of 24% annualised which renders financial assets pale in...
Not unlike many other sectors, the gold industry has been lulled into a silence since the country went into a lockdown two months ago in a...
Physical gold demand was tepid in most Asian centres this week with retail buying yet to see any significant recovery even as top hubs India and...
After losing business worth over Rs 45,000 crore in a span of 45 days of lockdown, India’s jewellery industry is set to resume operations from next...
The issue price for the next tranche of Sovereign Gold Bonds has been fixed at Rs 4,590 per gram of gold, the Reserve Bank of...
The gold market in India might see a significant shift in consumer behaviour once the nationwide lockdown is lifted. While Indian buyers have traditionally preferred...
India’s gold imports plunged 99.9 per cent year-on-year in April to their lowest in nearly three decades, news agency Reuters reported citing a government source. The...
The Customs department has seized just 900 kgs of gold between January and March period, as against more than 1,000 kgs during the year-ago period. And...
India’s gold demand crashed 36% year-on-year in the March quarter, far underperforming a 1% rise globally, as the Covid-19 outbreak and sharp rise in prices deterred...
Faced with an unprecedented decline in demand, the World Gold Council (WGC) is planning to start consumer marketing of gold in India. In a conference call, David Tait, chief executive officer...
As economies around the globe slip into recession, gold is taking centre stage. Somasundaram PR, managing director, India, World Gold Council, tells us how investors should...
Kolkata: Sales of old gold are likely to surge once the 21-day lockdown is over as people will likely liquidate the yellow metal, which is now...
Kolkata: After a month of subdued sales, gold traders are upbeat that demand will pick up from January 16, which marks the start of the Indian...
India imports most of its gold. The country saw demand for the yellow metal falter in the second half of 2019. Local and international prices rose,...
The Rs 475,000-crore jewellery industry in the country is planning to introduce a model ‘code of conduct’ to bring back trust and confidence of consumers, lenders and policy...
The 66 per cent fall in gold imports in the July-September 2019, from a year ago as well as from the previous quarter, is a welcome...
Global gold demand grew modestly to 1,107.9 tonnes in the third quarter of 2019, a rise of 3 per cent on the same period last year,...
Gold prices at Zaveri Bazar, Mumbai’s physical market, increased 18.5 percent in the current financial year and 14.5 percent in the last two months. These are one...
India’s gold demand in the April-June 2019 quarter saw an increase of 14 per cent on a year-on-year basis, but it might remain muted in the next two...
We believe that over the next six to twelve months: • Financial market uncertainty and accommodative monetary policy will likely support gold investment demand • Price...
Notably, gold demand has been rising since last year, and the first month of 2019 has also shown major positive shifts in this yellow metal. In...
Gold prices dipped slightly on Monday as the dollar held steady on upbeat U.S. jobs and factory data that prompted markets to reduce bets on a...
Gold consumption in India is likely to recover this year as higher spending in an election year boosts demand in the world’s second-biggest consuming nation, according...
Global gold demand reached 4,345.1 tonnes (t) in 2018, up 4% as compared to 2017 and in line with five-year average demand of 4,347.5t, according to...
The brand in order to capitalize on the festive season is offering deals available across all Tanishq stores in West...
In addition to the new campaigns, Lightbox has introduced two new jewellery collections: “Reminiscence” and “City Lights” Mumbai: Lightbox, the...
The puja-themed video comprises all the quintessential elements of the festival and highlights four distinct jewellery styles portrayed by each...
The brand’s social media page prominently showcases a variety of reels and shots from the music video, capturing the essence...
The Gold Jewellery Mela campaign, like in its previous editions, attracted primarily bridal jewellery consumers, with about 70% of the...
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