Gold premiums in India fall sharply as COVID hits retail demand
Rising prices and strict restrictions to contain the spread of COVID infections have hurt gold demand. Premiums this week eased to about $2 an ounce over official domestic gold prices…
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Gold hallmarking mandatory in India from June 1, 2021
India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. In volume terms, the country imports 700-800 tonne of gold annually. Gold hallmarking…
Gold Heads for Third Weekly Gain as Investors Weigh Demand, Jobs
Gold headed for a third straight weekly gain as investors assessed signs of a recovery in physical demand with optimism over the U.S. labor market. Gold shipments from Switzerland to…
Gold prices pause rally as India’s COVID infections surge
Gold prices paused a rally and retreated form an eight-week high after India reported the world’s highest daily Covid-19 infections of 314,835 on Thursday. Health officials across northern and western…
Gold declines amid stronger-than-expected U.S. jobs report
Gold fell the most in more than a week as better-than-expected U.S. jobs data reduced its appeal as a safe haven. Applications for state unemployment insurance unexpectedly plunged to a…
Visualizing Two Decades of Central Bank Gold Reserve Changes
Using data from the IMF’s, this infographic looks at the top 20 countries by their central bank’s gold holdings and how their national gold reserves have changed since 2000. While…
Gold imports surge to 160 tonnes in March on the price drop, duty cut
Gold imports during March have surged to 160 tonnes on the back of duty cut to 7.5 percent, a reduction in gold prices and a rise in demand in India.…
Gold trades at two month high on rising demand
Providing that U.S. 10-year yields remain softer, gold appears to be gathering strength for a test of the 100-day moving average at $1,802 an ounce in the days ahead.
Gold Up as Softer U.S. Treasury Yields Drive Demand
Providing that U.S. 10-year yields remain softer, gold appears to be gathering strength for a test of the 100-day moving average at $1,802 an ounce in the days ahead.
Central and Eastern European central banks significantly expand their gold reserves
Hungary is not the only country in the region that has increased its gold reserves recently. Over the last three years the activity of CEE banks in the gold market…
Jewellers urge govt to extend hallmarking deadline by one year
The three lakh members of the council have asked the government to extend the deadline from June 1, 2021 to June 1, 2022 due to the second wave of COVID-19…
Gold Steadies Near Seven-Week High as Yields Keep Falling
Gold steadied just below the highest in seven weeks as the dollar continued to pare its first-quarter gains, while Treasuries paused a rally. The dollar has suffered from a brightening…