Investment demand in the world’s second-largest gold consumer jumped 20% year on year in September quarter to 91.6 metric tonnes, or 67% in value terms to $10.2 billion, the WGC said | Photo Credit: istock.com Rising gold prices are spurring Indian investors to buy bars and coins, with record purchases worth $10 billion in the…
Jewellery demand dipped 31% to 118 tonne (172 tonne) in the quarter under review while that of investments increased to 20% to 92 tonne (77 tonne), according to the World Gold Council data | Photo Credit: REUTERS/AMIT DAVE Gold demand in the September quarter was down 16 per cent to 209 tonnes against 248 tonnes…
The government on Wednesday said the allocations of tariff rate quota (TRQ) for gold under the free trade agreement between India and the UAE will be undertaken based on the competitive bidding/tender process. Under the agreement, India agreed to import up to 200 metric tonnes of gold annually from the UAE with a one per…
Globally, Comex gold futures for December delivery were trading lower by $15.9, or 0.4%, at $3,967.2 per ounce, marking their fourth consecutive day of decline. Gold futures slipped ₹176 to ₹1,19,470 per 10 grams on Wednesday, as investors remained cautious ahead of the US Federal Reserve’s monetary policy decision later in the day. Extending the…
RBI now holds more than 65% of its gold reserves at home, nearly double the share from four years ago, accelerating the repatriation of the precious metal after Western nations froze Russia’s reserves following the invasion of Ukraine. The Reserve Bank of India brought back nearly 64 tons of gold in the first six months…
Gold has retreated sharply following a torrid rally that drove prices to a record above $4,380 an ounce last week. Gold steadied after a three-day selloff, with dip-buyers returning ahead of an expected interest-rate cut by the Federal Reserve. Bullion held near $3,950 an ounce, after losing more than 4 per cent over the prior…
The RBI noted that reserve management prioritises safety and liquidity, while a small portion is managed by external asset managers to diversify investments. | Photo Credit: iStockphoto The Reserve Bank’s gold reserve has increased 25.45 metric tonnes to 880 metric tonnes in the last 12 months till September 2025. The gold reserves rose from 854.73…
Gold and silver futures declined for the third straight session on Tuesday, even as operations of commodity bourse MCX were hit due to a technical glitch resulting in the late start of the trading. Multi-Commodity Exchange (MCX) in a statement clarified that due to a technical issue, the commencement of trading on Tuesday was delayed….
Gold clawed back some losses after plunging below $4,000 an ounce on Monday as progress in US-China trade talks sapped demand for haven assets. Bullion climbed as much as 0.9 per cent on Tuesday, after tumbling 3.2 per cent in the previous session as negotiators from Washington and Beijing said they’d struck a series of…
Indian households collectively own about 24,000 tonnes of gold, accounting for 11% of the world’s gold reserves held in the form of jewellery. | Photo Credit: Arun Sharma The doubling of gold prices recently has substantially boosted the net worth of Indian households to around Rs 3.24 trillion, according to a report by Systematix Research….
