Page 4 - India Gold Demand
Festive hopes fade for India's gold industry after surge in price
Consumers are opting for lighter, more affordable jewellery to stay within budget
 "Festive hopes fade for India's gold industry after surge in price")
Gold down Rs 10 at Rs 77,440; silver dips Rs 100, trading at 95,900/kg
The price of 22-carat gold also witnessed a decline of Rs 10, with ten grams of the yellow metal selling at Rs 70,990
 "Gold down Rs 10 at Rs 77,440; silver dips Rs 100, trading at 95,900/kg")
Indian gold demand buoyed by import tax cut ahead of wedding season
Imports more than tripled to 140 tons in August from the previous month, according to the World Gold Council
 "Indian gold demand buoyed by import tax cut ahead of wedding season")
Gold prices dip Rs 10 to Rs 74,880, silver falls Rs 100 to Rs 91,900
The price of 22-carat gold declined Rs 10, with ten grams of the yellow metal selling at Rs 68,640
 "Gold prices dip Rs 10 to Rs 74,880, silver falls Rs 100 to Rs 91,900")
Indian dealers offer steeper discounts on gold as high prices dent demand
In India, the world's second-largest gold consumer, domestic prices were ruling around 71,900 rupees per 10 gram on Friday
 "Indian dealers offer steeper discounts on gold as high prices dent demand")
Gold rises Rs 10 to Rs 73,260, silver price dips Rs 100 to Rs 88,400
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 67,160
Gold falls Rs 10, silver down Rs 100; yellow metal trading at Rs 73,030
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,940
 "Gold falls Rs 10, silver down Rs 100; yellow metal trading at Rs 73,030")
Gold price dips Rs 10 to Rs 72,760, silver falls Rs 100 to Rs 85,900
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,690
 "Gold price dips Rs 10 to Rs 72,760, silver falls Rs 100 to Rs 85,900")
Gold price dips Rs 10 to Rs 71,500, silver falls Rs 100 to Rs 83,400
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 65,540
Here's why Gold prices may decline; Support seen at Rs 69,400
Gold outlook by Sharekhan: The MCX Gold futures are expected to trade in the range of Rs 68,200 and Rs 70,700 in near term, analyst Praveen Singh.
 "Here's why Gold prices may decline; Support seen at Rs 69,400")
Indian gold industry forms new body to foster consumer, govt confidence
The Indian gold industry on Tuesday announced the formation of the Indian Association for Gold Excellence and Standards (IAGES), a self-regulatory organisation (SRO) supported by the World Gold Council. The organisation aims to remove the trust deficit and enhance transparency within the sector. The framework for IAGES will be independently governed and professionally managed. It will be released soon, after which memberships will be announced. The organisation is expected to become operational by December this year or January 2025, WGC Regional CEO, India, Sachin Jain told PTI. IAGES will be formed by national industry associations, including the Indian Bullion and Jewellers Association (IBJA), All India Gems and Jewellery Council of India (GJC) and Gem and Jewellery Export Promotion Council (GJEPC). "IAGES, created by the Indian gold industry, represents the coming together of various stakeholders in the sector. It aims to increase consumer and government confidence by enhancing
Gold price slips Rs 10 to Rs 70,570, silver climbs Rs 100 to Rs 85,800
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 64,690
Gold price slips Rs 10 to Rs 70,570, silver declines Rs 100 to Rs 85,400
The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 64,690
Gold price climbs Rs 10 to Rs 70,370, silver rises Rs 100 to Rs 87,200
The price of 22-carat gold rose Rs 10, with the yellow metal trading at Rs 64,510
 "Gold price climbs Rs 10 to Rs 70,370, silver rises Rs 100 to Rs 87,200")
Gold price climbs Rs 10 to Rs 69,830, silver rises Rs 100 to Rs 86,600
The price of 22-carat gold rose Rs 10, with the yellow metal trading at Rs 64,010
India's gold demand drops 5% in June quarter; up 14% in value term: Report
Gold demand India: Gold prices, meanwhile, surged 18 per cent year-on-year (YoY) in the June 2024 quarter to $2,338.2 an ounce (oz), and were up nearly 13 per cent when compared with the December 2023
 "India's gold demand drops 5% in June quarter; up 14% in value term: Report")
India's duty cut to revive gold demand after weak June quarter: WGC
Higher purchases in the world's second-biggest gold consumer could support global benchmark prices, which are trading near record highs
 "India's duty cut to revive gold demand after weak June quarter: WGC")
Why is China turning its back to gold jewellery? Chris Wood explains
In dollar terms, gold prices hit $2,331/oz at the end of H1-CY24, according to WGC data, rising 12.1 per cent during this period
 "Why is China turning its back to gold jewellery? Chris Wood explains")
Gold price slips Rs 10 to Rs 68,990, silver declines Rs 100 to Rs 84,400
The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 63,240
 "Gold price slips Rs 10 to Rs 68,990, silver declines Rs 100 to Rs 84,400")
Gold slips Rs 10, silver down Rs 100; yellow metal trading at Rs 70,850
The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 64,940
 "Gold slips Rs 10, silver down Rs 100; yellow metal trading at Rs 70,850")
