India's Q2 gold demand falls 25% to 154.5 tonnes: WGC

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).

Even hallmarked gold jewellery varies in purity

Last Updated: Friday, July 31, 2015, 15:08

The improvements to the hallmarking system in India are not only essential to a successful gold monetisation scheme but also help to boost the country's gold jewellery exports from the existing $8 billion to $40 billion in the next five years, it said.

Falling gold prices boost demand in India: WGC

Last Updated: Thursday, July 23, 2015, 23:55

A fall in gold prices has boosted demand in India, the world's second largest consumer, despite the summer months being a traditional quiet period, World Gold Council (WGC) said Thursday.

India set to beat China in gold demand: 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.

India's gold demand likely to rise in second quarter: WGC

Last Updated: Thursday, May 14, 2015, 09:44

Indian demand for gold is likely to increase in April-June from the first quarter due to strong buying during a major festival, lower prices and robust economic growth, the World Gold Council said on Thursday.

Akshaya Tritiya: Traders expect 25-30% rise in gold sales

Last Updated: Monday, April 20, 2015, 19:01

Sales of gold jewellery on Akshay Tritiya day Tuesday are expected to jump by 25-30 percent compared last year on this festival day, traders body CAIT said Monday.

Global gold recycling fell to 7-year low in 2014: Report

Last Updated: Thursday, March 5, 2015, 15:47

Gold recycling fell to a seven-year low in 2014 and is expected to remain at low levels in 2015, a report here said.

Global gold demand dipped by 4% in 2014: WGC

Last Updated: Thursday, February 12, 2015, 11:58

The overall gold demand stood at 4,087.6 tonnes in 2013, according to WGC 'Gold Demand Trend 2014' report.

Removal of import curbs to improve official supplies: WGC

Last Updated: Saturday, November 29, 2014, 15:08

The government yesterday scrapped a scheme under which it was mandatory for importers to export 20 percent of the gold they imported. It was put in place in August 2013 to check high gold imports that had widened the current account deficit.

Removal of 80:20 scheme will boost jewellers'' confidence: WGC

Last Updated: Saturday, November 29, 2014, 14:35

Under the scheme, 20 percent of the imported gold had to be exported before getting a new lot. The scheme was put in place in August 2013 to curb gold imports, which was considered a major cause for the widening current account deficit of the country.

India's Q3 gold demand down by 32% to 148 tonnes: WGC

Last Updated: Thursday, November 14, 2013, 23:40

Gold demand in India fell by 32 percent to 148.2 tonnes in July-September period of 2013 due to supply constraints and high inflation, global body WGC said Thursday.

Global gold demand dips 21% in Q3 to 860 tonnes: WGC

Last Updated: Thursday, November 14, 2013, 22:34

The overall demand for gold across the globe declined by 21 percent to 869 tonne during the third quarter of 2013, mainly on the account of Indian government's move to restrict the import of the yellow metal and the fall in gold ETF, according to World Gold Council.