ORLD GOLD COUNCIL
Gold may lose its investment allure further
Crop loss due to heavy and unseasonal rains this year has kept farmers away from gold purchases.
From January 2021, jewellers across India can only sell hallmarked gold items. But are retailers and buyers ready?
A great change is coming t...
India to explore corridor between resource-rich Arctic & INSTC
“We look forward to cooperating with Russia in the Arctic Council and we are a...
Why Indians are falling out of love with gold
Gold demand is expected to fall to its lowest level in three years this year. Somasundaram PR, MD of WGC India explains changing trends and ...
Jewellers want more hallmarking centres to be set up
There are 860 hallmarking centres in the country. Each of these centres can handle 2000 pieces of gold jewellery per day. In FY19, around 450 tonnes of gold were hallmarked. India annually consumes 1000 tonnes of gold.
Hallmarking to be mandatory for gold jewellery from 2021: Paswan
The department of consumer affairs will issue a notification by January 15, 2020, for making gold hallmarking mandatory.
Gold hallmarking likely to kick in from January 1
Time to be given to jewellers and dealers to sell purities apart from 14, 18 and 22.
Downtick in gold demand seasonal, millenials have nothing to do with it: PR Somasundaram, World Gold Council
If not jewellery, people lapping up gold in other forms as an asset class.
Gold imports dip 9% during April-October
Imports of the yellow metal stood at $19.4 billion in the same period of 2018-19.
Gold is third most consistently bought investment globally: WGC
Millennials’ attitudes towards gold are not so different to those of older generations.
Gold inches lower on trade deal hopes, firmer dollar
US gold futures inched 0.2 per cent lower to $1,460.60.
Gold steady as US-China trade uncertainty lingers
US gold futures rose 0.1% to $1,465.10.
Gold decouples from wedding season
Also, equity markets across the globe are doing well, dulling gold’s relative appeal as a safehaven investment.
Indian gold sellers opt for discounts; China, Hong Kong demand weak
Gold demand remained subdued in China this week against a backdrop of slowing economic growth.
Rising prices may hit gold demand by 8% this year
A demand trend report by the WGC also said that gold demand in India declined 32 per cent year-on-year to 123.9 tonnes in the third quarter of 2019.
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