Page 6 - India Gold Demand

Gold price slips Rs 10 to Rs 72,540, silver falls Rs 100 to Rs 93,400

The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 66,490

Gold price slips Rs 10 to Rs 72,750, silver falls Rs 100 to Rs 96,400

The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 66,690

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 72,720, 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 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 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 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

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

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

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 ..

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

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