Page 2 - World Gold Council

First global gold exchange in India aims to create regional bullion hub

The India International Bullion Exchange is expected to attract dealers, refineries and foreign banks, Chief Executive Officer Ashok Gautam said

Gold jewellery demand in India likely to dip in H2: World Gold Council

At the global level, the demand for gold (excluding OTC) was 8 per cent lower y-o-y at 948 tonnes. Combined with Q1-2022, the total demand in the first half of 2022 came in at 2,189t, up 12 per cent

India's gold demand for 2022 to be over 800 tonne, says World Gold Council

India's demand for gold will be between 800-850 tonne in 2022, said a top official of World Gold Council-India.

Gold rates fall today, price of silver rises by Rs 100 to Rs 54,600 per kg

10 gram of 22-carat gold is trading at Rs 46,450 today after a fall of Rs 130

Sharp fall in purchases pulls global gold demand down by 8% in Q2

A sharp fall in purchases by investors pulled global gold demand down 8% in the second quarter compared to the same period in 2021, the World Gold Council said on Thursday.

Is it a good strategy to invest in gold right now?

With financial markets facing a turbulent time, is it a good strategy to seek refuge in gold? What are the key factors that you must keep in mind before investing in the yellow metal?

India now the fourth largest gold recycling country: World Gold Council

Over the past five years, 11 per cent of India's gold supply came from 'old gold'; driven by movements in the gold price

Jewellers expect sales during Akshaya Tritiya to surpass 2019 level

However, some of them feel that the recent surge in gold prices could become a hindrance

India's gold demand declined sharply in March quarter as prices surged

The India trend is contrary to global demand for gold, which went up by 34 per cent YoY to 1,234 tonnes, the highest since Q42018.

We're working to make gold fungible...a perfect global currency: WGC CEO

In a Q&A, David Tait says the council will launch a self regulatory organisation for the Indian gold industry

Gold consumption highest among Indian middle-income group

Weddings were the primary reason for buying gold, with 43 per cent of the Indian households surveyed buying the yellow metal for this purpose

India's gold mine output 1.6 tonnes in 2020; may rise to 20 tonnes/yr: WGC

India's gold mine production stood at a mere 1.6 tonnes in 2020 but could rise to 20 tonnes per year in the long-term, World Gold Council said on Thursday.

India's gold output could rise multifold if hurdles removed: WGC report

The South Asian country is the world's second-biggest consumer of the metal and fulfils most of its demand through imports.

China's Covid-zero policy, Indian weddings give a polish to gold

Indian jewellery buyers nearly doubled their purchases last year to 611 metric tons, according to the World Gold Council

India's gold demand skyrockets to 797.3 tons in 2021: World Gold Council

The spurt in demand that is, in part, a result of pent-up demand in the fourth quarter is less likely to be repeated this year, though the revival will continue to set a new normal above pre-pandemic

What is behind India's renewed love for gold?

India imported 1,050 tn gold worth ($55.7 bn) in 2021, more than double of 2020. Last year's gold import surpassed the high recorded in 2011. Find out what is behind India's renewed rush for gold?

Imports made up 86% of India's gold supply between 2016-2020: WGC

Imports made up 86 per cent of India's gold supply between 2016-2020, and inbound shipments continue to grow despite high import duty, as per a report by the World Gold Council (WGC)

Gold demand in India back to pre-Covid levels in September quarter: WGC

Typically, July - September is a seasonally weak period for gold demand due to monsoons and inauspicious periods like Pitru-Paksha when buyers usually prefer to postpone gold purchases

TMS, Ep 30: Tata group firms' m-cap, WGC India CEO Q&A, markets, and IoT

Why is TCS' share in m-cap of listed Tata firms declining so rapidly? Why does WGC's Somasundaram PR think 2022 will be a great year for gold? What is IoT and how does it work? Get all answers here

WGC Regional CEO Somasundaram PR on why 2022 will be a good year for gold

India demand for gold in Q2 FY22 jumped 47% YoY to 139.1 tonnes, compared with 94.6 tonnes in the year-ago period. How will the year 2022 prove for gold? Is it a good time to buy? Let's find out