Gold demand up 2% in Dec quarter, down 15% in 2014
MUMBAI, FEB 12: Gold demand in the December quarter was up two per cent at 223 tonnes, largely due to pent up demand from jewellers during the festival season on the back of drop in prices. In value terms it was down four per cent at Rs 53,343 crore. Jewellery demand in the quarter under review was... read more »
Swiss gold exports to India cross Rs 1.2 lakh crore
Switzerland’s gold exports to India crossed Rs 1.2 lakh crore in 2014 even as concerns persist over bullion being used to channel illicit funds into the Indian shores. The value of precious metal imported from Switzerland touched 17.1 billion Swiss francs (over Rs 1.2 lakh crore) during the... read more »
Gold Prices Fall as Traders Lock In Gains
Gold prices retreated from five-month highs as some investors locked in profits ahead of the weekend. The most actively traded gold contract, for February delivery, ended $8.10, or 0.6%, lower at $1,292.60 a troy ounce on the Comex division of the New York Mercantile Exchange. Some investors chose... read more »
PRECIOUS-Gold rebounds to 5-month high after ECB launches QE program
Gold turned higher and touched a five-month high above $1,300 per ounce on Thursday, after the European Central Bank (ECB) launched a multi-billion euro bond-buying program aimed at reviving a sagging euro zone economy. President Mario Draghi said the ECB would print money to buy up 60 billion... read more »
More from Gold & Metals
India not planning further curbs on gold imports – trade secretary
India is not planning to impose any further curbs on gold imports as the current account deficit is under control, Trade Secretary Rajeev Kher said on Wednesday. The South Asian country has... read more »
Gold remains weak on low demand; silver recovers
NEW DELHI: Gold prices fell further by Rs 75 to Rs 27,025 per ten gram at bullion market here today on subdued demand even as the metal strengthened overseas. Silver, however, found fresh... read more »
PRECIOUS-Gold rises 2 pct as year-end jitters knock stocks, dollar
Gold rose 2 percent on Tuesday, while silver jumped more than 4 percent as the dollar weakened and stock markets slid, with concerns over tension between Russia and the West also helping... read more »
Gold futures rise to Rs. 26,812 per 10 gm
Gold prices rose 0.86 per cent to Rs. 26,812 per 10 grams at the futures trade today as speculators created fresh positions, taking positive cues from the global market. At the Multi... read more »
Gold steady at Rs 27,000 on scattered buying; silver recovers
Gold prices on Wednesday held steady at Rs 27,000 per ten gram at the bullion market in the national capital on scattered buying by retailers. However, silver recovered by Rs 150 to Rs 36,500 per kg... read more »
