While exports of diamonds, gold jewellery, and lab-grown diamonds declined sharply, imports rose as the industry stocked up on raw materials in anticipation of a recovery. Gems and jewellery exports from India plunged 35 per cent to $1.78 billion in March, as demand dipped due to the ongoing Iran war and disruptions in trade flows….
While the pace of inflows has moderated sequentially, investor interest in gold-backed products remained positive. The slower inflows in March likely reflect a combination of normalisation after a very strong start to the year and some moderation in fresh allocations. | Photo Credit: istock.com Gold Exchange Traded Funds (ETFs) witnessed an influx of ₹31,561 crore…
Gold rebounded on Tuesday from a near one-week low hit the day before, as oil prices fell on hopes of further U.S.-Iran peace talks, easing inflation fears. Spot gold was up 0.6 per cent at $4,768.19 per ounce, as of 0237 GMT, after hitting its lowest level since April 7 in the previous session. U.S….
Gold prices fell to a near one-week low on Monday, pressured by a stronger dollar, while a surge in oil prices following failed U.S.-Iran peace talks fuelled inflation worries and dampened expectations for Federal Reserve interest rate cuts this year. Spot gold was down 0.6% at $4,718.98 per ounce, as of 0222 GMT, after hitting…
Even as gold prices scale record highs, India’s jewellery market is showing a clear split in consumer behaviour, one that is reinforcing, rather than weakening, the premiumisation trend. Industry leaders say rising prices have done little to dent demand for high-value, design-led pieces. Instead, they have sharpened consumer segmentation. “Premiumisation and formalisation are only gaining…
Gold has held a unique place in financial history. For centuries, it has served as money, a reserve asset, and a store of value. Its appeal is straightforward: it is scarce, durable and carries no issuer risk. Gold does not depend on a government’s promise, a company’s earnings or a bank’s solvency. And that is…
Investors are shifting from traditional jewelry to digital gold primarily due to cost- efficiency, accessibility and security. While jewelry remains culturally significant for weddings and festivals, it is increasingly viewed as an inefficient investment vehicle compared to digital alternatives like Digital Gold, Gold ETFs, and Sovereign Gold Bonds (SGBs). Transition Drivers · Jewellery carries extra…
After the steady rally in recent times, the sudden fall in precious metal prices made investors trim down their investment in gold and silver exchange traded funds. Inflows into gold ETFs fell by 56 per cent to ₹2,266 crore against the record inflow of ₹5,255 crore logged in February as the sudden fall in prices…
Gold prices on Friday dropped ₹1,363 to ₹1,52,071 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, gold contracts for June delivery traded lower by ₹1,363, or 0.89 per cent, at ₹1,52,071 per 10 grams in a business turnover of 2,219 lots. Analysts attributed the fall in…
Gold demand in India picked up slightly this week ahead of a key festival, although elevated prices weighed on sentiment, while premiums in China narrowed as retail demand slowed. Akshaya Tritiya, the second-biggest gold-buying festival in India after Dhanteras when buying gold is considered auspicious, will be celebrated on April 19. “Retail buyers have started…
