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India's gold consumption

31 Jan 2023

India's Gold Consumption in 2022 Drops 3% Amid High Prices Rally: WGC

India's gold consumption in 2022 fell 3% from a year earlier, as a rally in local prices to near-record highs. India's gold consumption declined to 774 tonnes last year as demand dropped 20% to 276.1 tonnes in the December quarter, the WGC said in a report. Two-thirds of India's gold demand usually comes from rural areas, where jewellery is a traditional store of wealth.

09 Nov 2017

India's Q3 gold demand drops 24% to 145.9 tonnes: WGC

In value terms, the gold demand declined by 30 percent at Rs 38,540 crore, compared to Rs 55,390 crore in the same period of 2016.

27 Mar 2017

Gold hits 1-month peak as dollar slides on Trump healthcare failure

Gold rose to a near one-month high on Monday as the dollar slid after President Donald Trump`s failure to pass healthcare reform raised doubts over his ability to push through his economic agenda.

Global gold demand

11 Aug 2016

Global gold demand up 15% in Q2 2016: WGC

Global gold demand grew by 15 percent to 1,050 tonnes in the second quarter of 2016, mainly driven by considerable investment demand, World Gold Council (WGC) said in its latest report.

02 Mar 2016

Anirban Lahiri all set for WGC in company of Jordan Spieth, Jason Day, Rory McIlroy

It will first event of the season to feature Jason Day, Jordan Spieth and Rory McIlroy all in the same field.

19 Dec 2015

Gold market likely to remain bullish in 2016

Asian markets, which continued to be strong drivers of gold demand this year, are expected keep sentiment bullish in 2016 as well with the introduction of pro-gold schemes.

13 Aug 2015

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

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).

31 Jul 2015

Even hallmarked gold jewellery varies in purity

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.

23 Jul 2015

Falling gold prices boost demand in India: WGC

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.

14 May 2015

India set to beat China in gold demand: WGC

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.

14 May 2015

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

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.

21 Apr 2015

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

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.

05 Mar 2015

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

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

12 Feb 2015

Global gold demand dipped by 4% in 2014: WGC

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

29 Nov 2014

Removal of import curbs to improve official supplies: WGC

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.

29 Nov 2014

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

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.

13 Nov 2014

India to review gold policy after surge in imports: Sources

India is considering curbs on gold imports by private trading firms after foreign purchases surged in the past two months, two sources with direct knowledge of the matter said.

13 Nov 2014

Global gold demand near 5-year low in Q3, India overtakes China: WGC

Global gold demand fell to its lowest in nearly five years in the third quarter as Chinese buying slid by a third, the World Gold Council said on Thursday, putting it back behind India as the world`s biggest gold consumer.

13 Nov 2014

Appetite for jewellery boosts India gold demand: WGC

Jewellery demand in India surged 60 percent in the third quarter, but investment demand eased 10 percent.

26 Aug 2014

Gold little changed near 2-month low on firm dollar, equities

Gold was barely changed on Tuesday and held near its weakest level in two months as a firmer U.S. dollar and rallies in equities undermined the metal`s appeal as an alternative investment.

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