Page 213 - Commodity News

Indians sell record amount of old gold as prices hit 7-year-high

Consumers sold 37.9 tonnes of the yellow metal in June quarter, says World Gold Council

Indian gold price discounts remain sluggish, Chinese premiums stable

India's gold imports will probably drop in the second half of the year from the first six months

Gold records biggest discount in 7 months, higher prices hurt retail demand

Prices have risen due to GST, under which tax rate jumped to 3% from 1.2% previously

New gold policy likely soon

The policy would include the setting up of a gold spot exchange for transparent trading

Gold prices flip to discount on muted wedding season demand

India's gold consumption is likely to drop to its lowest in eight years in 2017, the World Gold Council said last week

Gold sheds Rs 150 to Rs 30,250 per 10 gm on weak global cues, tepid demand

Globally, gold fell 0.69% to $1,274.60 an ounce in New York on Thursday

Gold price touch new record high, silver follows suit on strong global cues

Gold prices have been surging for the last few days and had hit Rs 36,970 mark on Monday

As credit crunch bites, Indians pawn off family gold for quick funds

The trend, which has prompted some lenders to impose restrictions as risks and borrowing costs rise, has been accelerated by record gold prices

Jewellery sales surge as gold price declines 1.5% on easing trade tensions

The decline in gold prices in the domestic market was followed by a similar move globally on easing trade tensions between the US and China, albeit temporarily

Gold prices fall Rs 101 on rupee appreciation, global market sell-off

Silver also declined by Rs 29 to Rs 47,583 per kg from Rs 47,612 per kg

Gold recovers on renewed buying, silver surges ahead of Fed outcome

Gold prices rose, aided by a weaker dollar ahead of a US Federal Reserve policy announcement

Gold slips to 4-week low

The metal is highly sensitive to rising US rates, which boost the cost of holding non-yielding bullion relative to other assets

Myopic gold CEOs get a tongue-lashing from Randgold's Bristow

Similarly, severe damage has been done by high-grading, which shortens the life of a mine by focusing on the best quality ore

Gold touches fresh all-time high of Rs 38,770 on jewellers' buying

Despite weak trend overseas, the precious metal gained in the domestic spot market mainly on increase in demand from jewellers

Gold rush ahead? Price may surge to Rs 42,000 by Dec-end, say analysts

The yellow metal is likely to continue to remain bullish till the end of the year mostly due to sustained Central bank buying, geo-political uncertainties

Prices, goods and services tax mar gold buying ahead of Akshaya Tritiya

The reasons for this are manifold: Gold prices this year are higher than last year, and the goods and services tax (GST) is an additional burden for consumers

India's pulse imports to rise this year on rain-induced crop damage

Scenario is precarious for urad with almost half the crop damaged in major growing states, tur quota of 400,000 tonnes already exhausted

Sugar output turns sour, may hit three year low as rains ravage crops

Sugar production could slide to between 26 million tons to 26.5 million tons in 2019-20, compared with 33.1 million tons a year earlier

India's gold demand fell 32% in Sep quarter on weak sentiment, high prices

WGC cuts full-year forecast for 2019 to 700 tonnes from 750-800 tonnes estimated projected earlier

Holdings of gold-backed ETFs hit a new all-time high of 2,855.3 tonne in Q3

Further the report noted that central banks added 156.2 tonne to reserves in Q3, falling 38 per cent in comparison to the record Q3 last year.