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India's gold demand News

16 Jun 2017

Lower prices nudge gold demand; Indian buyers stay off

In India, gold demand has fallen as the wedding season is nearly over and farmers are busy in the sowing of summer-sown crops.

08 Mar 2017

India's gold demand may touch up to 950 tonnes level by 2020: WGC

Economic growth and greater transparency within the country's gold market will boost demand for the yellow metal up to 950 tonnes level by 2020, World Gold Council (WGC) said in a report Wednesday.

India's gold demand

08 Nov 2016

India gold consumption drops 28% to 195 tonnes in Q3: World Gold Council

India's gold demand declined by 28 percent to 194.8 tonnes in the third quarter this year mainly due to higher prices, not so recovered rural wallet and regulatory changes, World Gold Council's said in its latest report.

India's gold imports

12 Aug 2016

Gold imports drop 76% to 60 tonnes in Apr-Jul this year

India's gold imports fell sharply by 76 percent to 60 tonnes in the April-July period this fiscal on high import duty and other taxes, according to gold and silver refiner MMTC-PAMP.

India's gold demand

12 May 2016

India's gold demand dropped 39% in Q1 2016: World Gold Council

The demand for gold in India for the January-March quarter of 2016 was at 116.5 tonnes, down by 39 percent as compared to the corresponding period of the previous year, the World Gold Council said on Thursday.

05 Dec 2015

India surpasses China as world’s largest gold consumer

The consumption of gold in the first nine months of the year 2015 in India has been 642 tonnes whereas that in China has been 579 tonnes.

15 Sep 2015

Drought dents India gold demand; prices still appealing

Nearly two-thirds of India`s gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.

22 Aug 2015

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

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.

14 May 2015

India's Q1 gold demand up 15%: WGC

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.

26 Sep 2014

China imports more gold for holiday; Indian demand set to climb

Top bullion consumer China has been importing more gold in September than in the previous month due to demand from retailers stocking up for the upcoming National Day holiday, market sources said.

14 Aug 2014

India's Q2 gold demand drops by 39% to 204.1 tonnes: WGC report

India's Q2 2014 gold demand value fell by 41 percent to Rs 50,564.3 crore, compared to Rs 85,533.8 crore in Q2 2013.

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