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Tag "gold demand"

Gold imports plunge, demand dips

Gold imports plunge, demand dips 0

🕔16:00, 10.Dec 2020

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% in November against last year’s imports of 4.54MT. Bullion traders suggest that the high

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India’s gold demand could recover during fourth quarter on festival shopping: WGC

India’s gold demand could recover during fourth quarter on festival shopping: WGC 0 Updated

🕔12:47, 30.Oct 2020

“We expect quarter four would be better than quarter three due to pent-up demand and festivals,” said Somasundaram PR, the managing director of WGC’s Indian operations. MUMBAI: India’s gold demand in the fourth quarter is expected to recover after falling 30% in

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Strong growth in global investment demand for gold in Q3 partially offset weakness elsewhere as consumers battled the effects of COVID-19

Strong growth in global investment demand for gold in Q3 partially offset weakness elsewhere as consumers battled the effects of COVID-19 0

🕔14:23, 29.Oct 2020

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 quarterly total since Q3 2009. The Year-to-date demand of 2,972.1t was 10% lower versus

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Gold demand revives as jewellers start restocking for festive and wedding season

Gold demand revives as jewellers start restocking for festive and wedding season 0

🕔18:10, 21.Oct 2020

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 official price of gold. Kolkata: Gold is commanding a premium of $1 per troy ounce on

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Strong gold demand may continue until global economy is back on solid track

Strong gold demand may continue until global economy is back on solid track 0

🕔14:42, 30.Sep 2020

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 COVID-19 crisis continue to deteriorate in the West and emerging markets. New Delhi :

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India’s gold demand to plunge by almost half in FY21: UBS Securities India

India’s gold demand to plunge by almost half in FY21: UBS Securities India 0

🕔13:02, 27.Aug 2020

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 to the country facing its worst-ever recession this year, according to a report by

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Discounts By India’s Physical Gold Dealers Highest In One And Half Months

Discounts By India’s Physical Gold Dealers Highest In One And Half Months 0

🕔17:49, 25.Aug 2020

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. Physical gold dealers in India this week offered the highest discounts in more than

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Jewellery sector sanguine about 2021  in view of three wedding seasons

Jewellery sector sanguine about 2021 in view of three wedding seasons 0 Updated

🕔21:33, 30.Jul 2020

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 show in the coming year on the back of three wedding seasons. The festival

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Big gold jewellery retailers say demand almost normal now after COVID-19 gloom

Big gold jewellery retailers say demand almost normal now after COVID-19 gloom 0 Updated

🕔11:39, 30.Jul 2020

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 reasons, including Covid. Covid-19 and higher gold prices have not dented the positive outlook

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