Last Updated: Thursday, August 13, 2015, 12:44
India's gold demand during April-June declined 25 percent to 154.5 tonnes due to unseasonal rains in the first quarter that damaged crops and the shrinking of wedding dates, according to the World Gold Council (WGC).
Last Updated: Thursday, May 14, 2015, 20:15
India is likely to overtake China in terms of demand for gold this year to become the precious metal's top consumer on the back of a higher economic growth trajectory, a global industry body said on Thursday.
Last Updated: Thursday, January 22, 2015, 18:56
India needs to take a leaf out of Turkey's book, which has undertaken gold reforms that helped bring out "stocks under the pillow", to reduce imports and curb smuggling, the World Gold Council on Thursday said.
Last Updated: Thursday, December 25, 2014, 22:32
In the first half of December, gold imports were at 22 tonnes. In the previous month, gold imports stood at 151 tonnes, All India Gems and Jewellery Federation Chairman Haresh Chamanbhai Soni told PTI.
Last Updated: Sunday, December 22, 2013, 21:03
Steady demand, despite import restrictions, saw gold prices swaying between Rs.26,440 per 10 grams in April to Rs.34,600 per 10 grams in August.
Last Updated: Thursday, September 12, 2013, 09:04
The consultancy expects gold prices to average USD 1,350 next year, down 7 percent from USD 1,446 in 2013, with support seen between USD 1,200 and USD 1,250.
Last Updated: Tuesday, July 16, 2013, 13:57
Ruling out complete ban on gold import, Finance Minister P Chidambaram on Tuesday appealed to the people to moderate their demand for the precious metal which is costing the nation USD 50 billion in foreign exchange.
Last Updated: Tuesday, July 16, 2013, 12:15
The higher gold and oil imports were also responsible for a record high current account deficit (CAD) figure in 2012-13.
Last Updated: Thursday, May 16, 2013, 11:59
India's gold imports dropped by 5.7 percent to 215 tonnes in the January-March period of 2013, even as its demand rose by 27 percent to 256.5 tonnes, World Gold Council (WGC) said on Thursday.
Last Updated: Wednesday, May 15, 2013, 14:27
Gold demand is likely to fall as easing of general inflation rate will make investment in financial products more attractive than the yellow metal, PMEAC Chairman C Rangarajan said on Wednesday.
Last Updated: Thursday, February 14, 2013, 16:10
Gold fell by Rs 75 to Rs 30,725 per ten grams in the national capital Thursday on stockists' selling, in line with a weak global trend.
Last Updated: Monday, January 28, 2013, 10:25
Kotak said that all other steps including imposition of higher duty can continue but it is very important to give an attractive alternative to Indian savers to drive them away from idle asset like gold.
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