Page 87 - Gold

India's gold imports jump 64% in January despite prices hitting 5-year high

The World Gold Council, a London-based promotion body, expects a recovery in demand in India this year on increased spending with elections due by May

Gold glitters, trades at record high in Mumbai on peak wedding demand

Bullion traders say the actual trades are still around Rs 33,600 per 10 gram.

Open interest in gold at 5-year high as traders expect prices to moderate

Even when the international gold prices moderated, the price in India remained high due to a fall in the rupee exchange rate and lower discounts

Jewellers rush to offer discounts as sales slow down this wedding season

Sluggish economy, high bullion prices and consumer shift towards cheaper gifting options such as electronic goods and mobiles take the sheen off gold

Gold gains as dovish Federal Reserve, US political impasse drag dollar

The dollar index, which tracks the greenback against major currencies, fell to its lowest level in nearly three months

Central banks betting big on gold amid global uncertainty

Purchases hit a 3-year high in 2018 as trade tensions and volatile yields kept markets on the edge

Why central banks across the world are buying more gold for reserves

Till 2008, they were paring gold reserves. Today they see it playing a new role in changing financial systems; share of the metal in RBI's total forex reserves rose to 5.9% in November 2018

Gold rally hits speed bump as US payrolls data registers 'monster' growth

With signs of a global slowdown stacking up amid the US-China trade war and softening factory activity, analysts said it's to soon to write off gold's rally.

No specific mechanism to fix single daily price for gold in India: Govt

The price generally depends on import rate, basic customs duty, tax and logistics cost, purity among other reasons, govt said

Systematic investment in gold a good option for a likely volatile 2019

The World Gold Council (WGC) feels that factors that drove gold in the second half of 2018 would continue to hold sway over the market in 2019

Gold ends 2018 on a strong note as growth concerns spur demand for haven

December's rally has pared an annual decline, the first full-year loss since 2015

It's boom time for Gold ETFs as volatility turns equity market risky

Gold can be a store of value and some longer-term trends make it attractive, according to Dave Campbell, a principal at BOS

Round-tripping of gold estimated at 114 tonnes till October 2018

According to GFMS analysis, direct imports by exporters have jumped to 164 tonnes in 2018 so far, as compared to just 12.2 tonnes in the previous year

Chaos in global markets has made gold a safe-haven for hedge funds

Money managers are the most bullish they've been on bullion in half a year amid a multitude of threats that could slow economic growth and deepen the plunge for equities

Gold futures slip 0.21% to Rs 31,488 per 10 grams on weak global cues

Analysts attributed the slide in gold futures to decline in bets by participants in line with a weak trend overseas

Pure gold gods, goddesses can go abroad freely as govt eases export norms

In August last year, the export of items made of gold above 22 carat was banned in a bid to stop round-tripping of gold

Gold eases by Rs 25 to Rs 27,450 per 10 g on weak global cues, low demand

In global markets, gold dropped to about two-week lows as prospects for US interest rate increase helped strengthen the US dollar

Gold spurts by Rs 135 to Rs 32,150 per 10 g on wedding season demand

In the national capital, gold of 99.9 per cent and 99.5 per cent purity traded higher by Rs 135 each to Rs 32,150 and Rs 32,000 per 10 grams, respectively

MCX sets up gold delivery centres in Kolkata, Bengaluru, 3 other cities

hese would be in addition to the one each located at Ahmedabad, Mumbai and New Delhi

Gold prices rise by Rs 54 to Rs 30,875 per 10 g on positive global trends

Globally, the gold was trading 0.15 per cent higher at $1,215.80 an ounce in Singapore