Page 154 - Gold Prices
Lower gold prices fail to spark post-Diwali lull in demand
Prices in India were at premium of up to $3 an ounce over official domestic prices this week, up from $2 last week
 "Lower gold prices fail to spark post-Diwali lull in demand")
Samvat 2075 ends with highest returns for gold investors in eight years
In this Samvat, investors earned 20.4 per cent from gold. The last year in which returns from gold were as good, was Samvat 2067 and 2068, though 2072 was not bad either
 "Samvat 2075 ends with highest returns for gold investors in eight years")
Gold price firms on softer dollar but narrow range holds
It is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion
 "Gold price firms on softer dollar but narrow range holds")
Gold climbs Rs 170 to Rs 31,820 per 10 gram on global cues, wedding demand
Globally, gold rose 0.40 per cent to USD 1358.70 an ounce and silver by 0.36 per cent to USD 16.88 an ounce in Singapore
 "Gold climbs Rs 170 to Rs 31,820 per 10 gram on global cues, wedding demand")
Higher prices may dampen Diwali for jewellers, sales may drop by 30%
The jewellery industry is looking at a dark Dhanteras and Diwali as it expects sales to decline at least 30 percent over last year in spite of the ongoing price corrections. The industry's only hope is in falling prices, which had scaled a record of Rs 4,000 a gram last month, to get better footfalls. Currently, the metal is trading at around Rs 3,800 to a gram. In 2018, the industry managed to close with flat sales over 2017 Diwali season. "Gold prices have soared to Rs 40,000 per 10 gram last month, just in the beginning of the festival season and still remains high. This has further dampened the already weak consumer sentiment. "But if prices continue to correct during this week there may be some improvement in retail demand. However, the overall business will still be 30 percent lower than last year," All-India Gem & Jewellery Domestic Council chairman Anantha Padmanaban told PTI on Tuesday. World Gold Council managing director for India Somasundaram PR said ..
 "Higher prices may dampen Diwali for jewellers, sales may drop by 30%")
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
 "Indians sell record amount of old gold as prices hit 7-year-high")
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
 "Indian gold price discounts remain sluggish, Chinese premiums stable")
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
 "Gold records biggest discount in 7 months, higher prices hurt retail demand")
New gold policy likely soon
The policy would include the setting up of a gold spot exchange for transparent trading
 "New gold policy likely soon")
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
Higher gold prices, low growth in Q1 take the shine off Titan stock
Analysts believe that market share gains, revenue visibility, margin expansion and return ratios could support valuations
 "Higher gold prices, low growth in Q1 take the shine off Titan stock")
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
Now, banks can directly buy gold from depositors for monetisation plan
With relaxation, one can also deposit with refiners and purity testing centres
 "Now, banks can directly buy gold from depositors for monetisation plan")
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
 "As credit crunch bites, Indians pawn off family gold for quick funds")
With gold hitting Rs 40,000 mark, will jewellery stocks lose sheen?
Thus far in CY19, most gems and jewellery stocks have underperformed the market. Stocks such as Goenka Diamond & Jewels and PC Jeweller have slumped up to 61% as compared to 3% rise in the Sensex
 "With gold hitting Rs 40,000 mark, will jewellery stocks lose sheen?")
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 prices fall Rs 101 on rupee appreciation, global market sell-off")
Gold retreats from one-month high ahead of Fed meeting
US gold futures fell 0.2% to $1,252
 "Gold retreats from one-month high ahead of Fed meeting")
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 recovers on renewed buying, silver surges ahead of Fed outcome")