Gold Consumption
- All
- News
- Videos
-
China Unearths Massive Gold Deposits That Could Be the Largest in the World
In a groundbreaking discovery, China has uncovered a massive gold deposit in Hunan province, estimated to be worth $83 billion. With more than 40 gold veins containing up to 1,100 tons of gold, this find could potentially be the largest known gold deposit on Earth. The discovery has significantly impacted global gold prices, pushing them close to r...
-
China's Gen-Z Consumers Are Increasingly Investing In 'Gold Beans', What Are These?
These pill-like beans only weigh approximately one gram and are priced between 400 and 600 RMB (R s5,209 and 7,814) per unit.
-
International Bullion Exchange To Go Live On October 1, 2021
Termed as the gateway for bullion imports into India, all the bullion imports for domestic consumption shall be channelised through the exchange.
-
Domestic Gold Demand Soared 19% During June Quarter: Report
Gold demand in country went up to 76 tonnes during June quarter of current year because of low base effect arising out of the country-wide lockdown.
-
Festival Shopping Could Lead To Recovery In India Gold Demand: World Gold Council
While overall gold consumption fell, demand for coins and bars, known as investment demand, jumped 51 per cent in the third quarter as rising prices attracted investors, the WGC said.
-
Gold Demand Could Hit 3-Decade Low As COVID-19 Lockdown Hits Festivals, Weddings
Weddings, one of the biggest drivers of gold purchases, usually happen in summer but this year they are postponed due to the lockdown.
-
Gold Prices Subdued On Akshaya Tritiya, Demand Seen Picking Up
A rise in consumption by the world's second-biggest gold consumer could help global prices which are currently hovering near a 4-month low
-
Government Eyes Higher Import Duties On Key Items, But Will Spare Gold: Official
India is the world's second-biggest gold buyer, after China, and spent $3.64 billion on such imports last month. The government is also planning to ask state oil firms to lock in their crude futures purchase prices, anticipating a spike when US sanctions on Iran are reimposed in November.
-
Gold Demand In India Forecast Below 10-Year Average
India is the world's second-biggest gold consumer and lower demand in the country could rein in global prices that have risen 8 per cent since the middle of December, although a drop in gold imports would help the country reduce its trade deficit.
-
Gold Imports Jump Three-Fold To $15 Billion In April-August
Surge in gold imports last month contributed to the widening of trade deficit to $11.64 billion as against $7.7 billion in August 2016.
-
Gold Price Back Above Rs 31,000 Amid Festive Buying
In the national capital, gold of 99.9 per cent and 99.5 per cent purity bounced Rs 470 each to Rs 31,000 and Rs 30,850 per 10 grams, respectively.
-
Gold Imports More Than Double To $13.35 Billion In April-July
The surge in gold imports in July contributed to the widening of trade deficit to $11.44 billion as against $7.76 billion in July 2016.
-
Gold Imports Seen Rebounding In 2017 On Restocking, Good Monsoon
Higher imports by the world's second biggest consumer will support global prices, which are trading near their highest level in two months, but could widen the country's trade deficit.
-
Gold Demand In India Seen Muted In Second Half On GST
The government has tried to curb costly bullion imports and put restrictions on cash transactions.
-
Gold Hits Three-Week Low On Fed Rate Hike Expectations
The precious metal has fallen in five out of the last six sessions as expectations for the US central bank to push ahead with a rate increase this month ramped up.
-
China Unearths Massive Gold Deposits That Could Be the Largest in the World
In a groundbreaking discovery, China has uncovered a massive gold deposit in Hunan province, estimated to be worth $83 billion. With more than 40 gold veins containing up to 1,100 tons of gold, this find could potentially be the largest known gold deposit on Earth. The discovery has significantly impacted global gold prices, pushing them close to r...
-
China's Gen-Z Consumers Are Increasingly Investing In 'Gold Beans', What Are These?
These pill-like beans only weigh approximately one gram and are priced between 400 and 600 RMB (R s5,209 and 7,814) per unit.
-
International Bullion Exchange To Go Live On October 1, 2021
Termed as the gateway for bullion imports into India, all the bullion imports for domestic consumption shall be channelised through the exchange.
-
Domestic Gold Demand Soared 19% During June Quarter: Report
Gold demand in country went up to 76 tonnes during June quarter of current year because of low base effect arising out of the country-wide lockdown.
-
Festival Shopping Could Lead To Recovery In India Gold Demand: World Gold Council
While overall gold consumption fell, demand for coins and bars, known as investment demand, jumped 51 per cent in the third quarter as rising prices attracted investors, the WGC said.
-
Gold Demand Could Hit 3-Decade Low As COVID-19 Lockdown Hits Festivals, Weddings
Weddings, one of the biggest drivers of gold purchases, usually happen in summer but this year they are postponed due to the lockdown.
-
Gold Prices Subdued On Akshaya Tritiya, Demand Seen Picking Up
A rise in consumption by the world's second-biggest gold consumer could help global prices which are currently hovering near a 4-month low
-
Government Eyes Higher Import Duties On Key Items, But Will Spare Gold: Official
India is the world's second-biggest gold buyer, after China, and spent $3.64 billion on such imports last month. The government is also planning to ask state oil firms to lock in their crude futures purchase prices, anticipating a spike when US sanctions on Iran are reimposed in November.
-
Gold Demand In India Forecast Below 10-Year Average
India is the world's second-biggest gold consumer and lower demand in the country could rein in global prices that have risen 8 per cent since the middle of December, although a drop in gold imports would help the country reduce its trade deficit.
-
Gold Imports Jump Three-Fold To $15 Billion In April-August
Surge in gold imports last month contributed to the widening of trade deficit to $11.64 billion as against $7.7 billion in August 2016.
-
Gold Price Back Above Rs 31,000 Amid Festive Buying
In the national capital, gold of 99.9 per cent and 99.5 per cent purity bounced Rs 470 each to Rs 31,000 and Rs 30,850 per 10 grams, respectively.
-
Gold Imports More Than Double To $13.35 Billion In April-July
The surge in gold imports in July contributed to the widening of trade deficit to $11.44 billion as against $7.76 billion in July 2016.
-
Gold Imports Seen Rebounding In 2017 On Restocking, Good Monsoon
Higher imports by the world's second biggest consumer will support global prices, which are trading near their highest level in two months, but could widen the country's trade deficit.
-
Gold Demand In India Seen Muted In Second Half On GST
The government has tried to curb costly bullion imports and put restrictions on cash transactions.
-
Gold Hits Three-Week Low On Fed Rate Hike Expectations
The precious metal has fallen in five out of the last six sessions as expectations for the US central bank to push ahead with a rate increase this month ramped up.
