World Gold Council | The Asian Age

Tuesday, Apr 23, 2024 | Last Update : 08:31 PM IST

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Total investment demand in the first quarter was down 27 per cent at 287 tonne, compared to 394 tonne in the corresponding quarter of 2017. (Photo: Representational/AFP)

Global gold demand dips by 7 per cent to 973 ton in Q1: WGC

Fall in demand was largely caused by a decline in investment demand for gold bars and gold-backed ETFs.

03 May 2018 10:08 AM

Digital gold making waves

It is difficult to gauge how many new buyers are entering the market because of online access.

22 Mar 2018 5:29 AM

India’s gold consumption is likely to drop to its lowest in eight years in 2017, the World Gold Council (WGC) said on Thursday. (Photo: PTI)

Gold demand in India seen falling to lowest in 8 years in 2017: WCG

Two-thirds of India’s gold demand comes from rural areas, where jewellery is a traditional store of wealth.

09 Nov 2017 11:42 AM

A physical exchange would enable jewellers, retailers, refiners and banks to trade over a regulated platform, the WGC report said. (Photo: PTI)

World Gold Council to form a panel on bourse

In 2015, Indian government had floated the idea of setting up a national gold exchange.

29 Sep 2017 4:39 AM

GST will have a positive effect on the gold industry by making the sector more transparent and improving the supply chain.

GST could dampen India gold demand in short term: WGC

Goods and Services Tax (GST) on gold has jumped to 3 per cent from 1.2 per cent previously.

06 Jul 2017 2:15 PM

Currently, taxes on gold jewellery stands at 12.2 per cent.

GST may impact gold demand in short term: WGC

India's gold demand, which we expect to be between 650-750 tonnes in 2017, rising to 850-950 tonnes by 2020.

08 Jun 2017 5:37 PM

Meanwhile, the gold demand during Q1 (January-March, 2017) grew by 15 per cent to 123 tonnes.

Tax burden on gold should reduce under GST regime: WGC

GST will bring lot of transperency in the gold industry including check on illgeal imports.

25 May 2017 5:22 PM

Curbs on cash sales, it said, will make people buy smaller quantities of yellow metal.

Gold sales won’t fall any more, says WGC

Demonetisation is also boosting large jewellery retailers, and they will continue to grab a larger share of the market.

09 Mar 2017 3:26 AM

Scrapping of high denomination currency notes also impacted the amount of gold smuggled into the country through various unofficial channels.

Gold sees seven-year low demand

According to World Gold Council (WGC), the total gold demand in 2016 fell to 675.5 tonnes, down 21.19 per cent from 857.2 tonnes in 2015.

04 Feb 2017 6:19 AM

Last year saw an unprecedented degree of political upheaval, which underpinned huge institutional investor flows into gold. (Photo: PTI/Representational)

Gold demand up by 2 pc as investment surge: WGC

Total demand in 2015 stood at 4,216 tonne, WGC data revealed.

03 Feb 2017 1:47 PM

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Aakar Patel