Page 6 - India Gold Demand
Gold price climbs Rs 10 to Rs 72,940, silver rises Rs 100 to Rs 96,600
The price of 22-carat gold rose Rs 10, with the yellow metal selling at Rs 66,860
 "Gold price climbs Rs 10 to Rs 72,940, silver rises Rs 100 to Rs 96,600")
Gold price climbs Rs 10 to Rs 72,720, silver up Rs 100 at Rs 93,100
The price of 22-carat gold also went up Rs 10, with the yellow metal selling at Rs 66,660
 "Gold price climbs Rs 10 to Rs 72,720, silver up Rs 100 at Rs 93,100")
Gold price slips Rs 10 to Rs 73,410, silver falls Rs 100 to Rs 92,400
The price of 22-carat gold dipped Rs 10, with the yellow metal selling at Rs 67,290
Gold price declines Rs 10 to Rs 74,500, silver rises Rs 100 at Rs 95,900
The price of 22-carat gold also went down by Rs 10, with the yellow metal selling at Rs 68,290
Gold price slips Rs 10 to Rs 74,500, silver falls Rs 100 to Rs 94,500
The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 68,290
Gold price rises Rs 10 to Rs 74,030, silver up Rs 100 at Rs 89,200
The price of 22-carat gold was up by Rs 10, with the yellow metal selling at Rs 67,860
Gold price declines Rs 10 to Rs 73,250, silver down Rs 100 at Rs 86,400
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 67,290, Rs 67,140, and Rs 67,240, respectively
 "Gold price declines Rs 10 to Rs 73,250, silver down Rs 100 at Rs 86,400")
Gold price slips Rs 10 to Rs 73,350, silver down Rs 100 at Rs 86,900
The price of 22-carat gold also went down by Rs 10, with the yellow metal selling at Rs 67,240
Gold ETFs see first outflow post March 2023 at Rs 396 cr on profit booking
Gold Exchange Traded Fund (ETF) witness a net outflow of Rs 396 crore last month, making it the first withdrawal after March 2023, owing to profit booking. Despite the decline, the asset under management (AUM) of gold funds rose 5 per cent to Rs 32,789 crore at April-end from Rs 31,224 crore in the preceding month, according to the data with the Association of Mutual Funds in India (Amfi). As per the data, Gold ETFs saw a net withdrawal of Rs 396 crore in April as compared to an inflow of Rs 373 crore in the preceding month. The last time this asset class witnessed net outflow was in March 2023, withdrawing Rs 266 crore. "In INR terms, gold has done fairly well over the last year but dwarfs in comparison to how equities have fared. Given this backdrop, flows in the Gold ETF category have been somewhat patchy relative to the equity asset class. That said, investors could have opted to book some profits in this segment which has resulted in the asset class witnessing net outflows ...
 "Gold ETFs see first outflow post March 2023 at Rs 396 cr on profit booking")
Gold prices on Akshaya Tritiya, May 10: Check key levels before investing
Spot gold was up nearly 1 per cent Thursday on rate cut bets as the weekly US job data disappointed
Gold price slips Rs 10 to Rs 72,150, silver rises Rs 100 to Rs 85,300
The price of 22-carat gold also went down by Rs 10, with the yellow metal selling at Rs 66,140
Gold price slips Rs 10 to Rs 72,260, silver down Rs 100 at Rs 84,900
The price of 22-carat gold also went down by Rs 10, with the yellow metal selling at Rs 66,360
 "Gold price slips Rs 10 to Rs 72,260, silver down Rs 100 at Rs 84,900")
RBI bought 19 tonnes of gold in March qtr. What fuelled the buying spree?
The RBI net demand totaled 290 tonnes in the March 2024 quarter, up 1 per cent as compared to 286.2 tonnes in the March 2023, strongest start to any year on record, World Gold Council (WGC) said.
Customers shy away from market as gold price nears Rs 70,000 milestone
The gold price was Rs 28,430 per 10 gram a decade ago, up 141 per cent, giving a 9.2 per cent compounding annual return
 "Customers shy away from market as gold price nears Rs 70,000 milestone")
Elevated local prices dent gold demand in India, dealers offer discounts
In China, premiums over global spot prices were quoted at $25-$40 per ounce, little changed from last week
 "Elevated local prices dent gold demand in India, dealers offer discounts")
Q3 gold demand up 10%; price to play key role in Dhanteras buying
Gold demand in India, the world's second-largest consumer of the yellow metal, rose 10 per cent to 210.2 tonnes during the third quarter of this calendar year, aided by softening of gold prices and festive demand, according to the World Gold Council (WGC). Speaking to PTI, WGC India Regional CEO Somasundaram PR said gold prices softened a bit during the last quarter but now they have started inching up. Prices will play a critical role during the Dhanteras festival and wedding season in the next two months. Trade feedback is that consumers have accepted the Rs 60,000 per ten-gram price point, so a downward correction could trigger a significant jump in demand. Dhanteras is considered the most auspicious day in the Hindu calendar for buying items ranging from precious metals to utensils, to other valuables. Releasing the quarterly gold demand report, the WGC said India's gold demand increased to 210.2 tonnes during the third quarter of 2023 calendar year, from 191.7 tonnes in the ..
 "Q3 gold demand up 10%; price to play key role in Dhanteras buying")
Gold demand loses lustre in peak festival season in India as prices rally
India is the world's second-largest gold consumer, and a drop in purchases could limit a rally in global prices. Falling demand for gold imports could also help narrow India's trade deficit
 "Gold demand loses lustre in peak festival season in India as prices rally")
India's gold demand in Jan-Mar drops by 17% due to high prices: WGC
Sharp rise in gold prices and volatility combined with fewer auspicious days to trigger consumption, has led to many households deferring buying perhaps in anticipation of a downward price correction
Gold prices surge Rs 330 to reach Rs 60,760, silver jumps Rs 30 per kg
The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 60,910, Rs 60,810, and Rs 61,420, respectively
Gold imports decline 17% in Apr-Oct to $24 billion as demand falls
Gold imports, which have a bearing on the current account deficit, declined 17.38 per cent to about USD 24 billion during April-October due to fall in demand, according to the data of the commerce ministry. Imports of the yellow metal stood at USD 29 billion in the corresponding period of 2021-22. The imports during October this year also contracted by 27.47 per cent to USD 3.7 billion, the data showed. Silver imports during the month too dipped 34.80 per cent to USD 585 million. Cumulatively, the imports, however, jumped to USD 4.8 billion as against USD 1.52 billion during April-October 2021-22. The merchandise trade deficit for April-October 2022 was estimated at USD 173.46 billion as against USD 94.16 billion in the year-ago period. India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. In volume terms, the country imports 800-900 tonne of gold annually. Gems and jewellery exports rose marginally by 1.81 per cent to USD 24 billion
 "Gold imports decline 17% in Apr-Oct to $24 billion as demand falls")
