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Persistent gold buying by local jewellers at domestic spot market stoked uptrend. (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.

9 Nov 2017 11:42 AM IST

India typically imports around 800 tonnes of gold every year. (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 Sept 2017 4:39 AM IST

Increase in gold imports pushed the countrys trade deficit to USD 94.32 billion in April-September 2018-19.

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.

1 Nov 2018 12:21 PM IST

In the international market, gold was trading higher at USD 1,489.50 per ounce and silver at USD 17.82 an ounce.

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.

6 Nov 2019 1:28 AM IST

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...

4 Dec 2019 2:22 AM IST

Increase in gold imports pushed the countrys trade deficit to USD 94.32 billion in April-September 2018-19.

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 IST

US Federal Reserves 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...

20 March 2019 2:10 AM IST

Australian Indo Gold Limited discovers 38.5 million tonnes low grade gold resources in Jagpura

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.

9 April 2019 1:37 AM IST

Increase in gold imports pushed the countrys trade deficit to USD 94.32 billion in April-September 2018-19.

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.

3 May 2019 1:47 AM IST

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...

22 Jun 2019 6:35 AM IST

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 may move up in H2: World Gold Council

Price momentum and positioning may fuel rallies and create pullbacks, as investors continuously reassess their...

12 July 2019 1:54 AM IST

Reserve Bank of India (RBI)

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.

9 July 2019 3:36 AM IST