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
“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
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
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
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 :
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
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
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 Covid recede and priorities in life change, we will see a spike in demand,
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
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
