India's gold demand could hit 950 tonnes as prices fall: Valcambi

Last Updated: Saturday, August 22, 2015, 22:44

India`s gold demand might reach 950 tonnes this year as lower prices spur buying during the peak festival season and for weddings, the world`s biggest gold refiner, Valcambi, said.

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.

Gold jewellery export may rise to $40 billion if quality improved

Last Updated: Thursday, July 30, 2015, 20:33

Gold jewellery exports could jump five-fold to USD 40 billion in the next five years if quality standards are improved, the World Gold Council said Thursday.

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's Q1 gold demand up 15%: WGC

Last Updated: Thursday, May 14, 2015, 14:27

The demand for gold in India for the first quarter (January-March) of 2015 was at 191.7 tonnes, up by 15 percent as compared to the corresponding period of 2014, World Gold Council (WGC) said in a report 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.

Indian gold prices swing to premium

Last Updated: Friday, February 13, 2015, 15:22

Gold prices in top consumer India swung to a premium to the global benchmark this week, compared with discounts late last month, as jewellery demand picked up, dealers 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.

India needs to bring gold reforms to raise gold recycling: WGC

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.

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.