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Gold demand at weakest since 2009; prices expected to stabilise in Q3

India Infoline News Service | Mumbai | July 28, 2015 15:49 IST

Q2 2015 physical gold demand was at its weakest since 2009, down 14% year-on-year as few markets reported increases and Chinese buyers stayed away from gold.Almost all major physical gold markets suffered in the second quarter as retail investment (demand for bars and coins) fell another 12% year-on-year and is now some 63% below the Q2 2013 peak.

Will lower gold price lead to high imports and pressure on rupee

India Infoline News Service | Mumbai | July 28, 2015 14:27 IST

Gold prices hovered near their weakest level since early 2010 on Tuesday, reflecting investor hesitation to bid up bullion amid growing expectations of a near-term hike in US interest rates.

Gold losing glitter! Is it the right time to purchase?

Mumbai | July 27, 2015 09:24 IST

The status of gold being a safe-haven is also now fading away as investors are looking at riskier investments or assets like equities. There is a possibility of gold even coming down to Rs 21,000 levels per 10 grams, depending on how global factors play out.

All that glitters might not be gold for your portfolio

India Infoline News Service | Mumbai | July 24, 2015 09:43 IST

To the astonishment of many market participants and economists, gold has been falling for last 10 consecutive days and this is the longest losing streak for gold in last 20 years.

Cabinet nod for Gold monetisation scheme soon?

India Infoline News Service | Mumbai | July 23, 2015 15:45 IST

A person or institution holding surplus gold can get it valued by BIS-approved hallmarking centres, open a gold savings account in banks for a minimum period of one year and earn interest in either cash or gold units, as per the guidelines

Gold returns to the spotlight amid Asian stock slump

India Infoline News Service | Mumbai | July 10, 2015 08:52 IST

The tensions in Europe have helped push the risky assets south, but although wed usually expect gold to gain from its safe haven value, it was in fact dipping earlier this week, with the strength of the US dollar mostly to blame.

Gold recovers losses, climbs above 3.5 months low

India Infoline News Service | Mumbai | July 03, 2015 20:49 IST

Spot gold pared losses after US economic data, which was steady at $1,166.60 an ounce by 0331 GMT but dipped $1,156.85 on Thursday, said a report.

RBI to issue sovereign gold bonds

India Infoline News Service | Mumbai | June 19, 2015 15:49 IST

"An indicative lower limit of 2 percent may be given, but the actual rate will have to be market determined," a draft from the government added adding that "on maturity, the investor receives the equivalent of the face value of gold in rupee terms".

Gold imports up 10.5% in May

India Infoline News Service | Mumbai | June 17, 2015 14:15 IST

The gold imports grew 78.33 per cent to $3.13 billion in April 2015. In November last year, RBI had cancelled the 80:20 scheme.

Bank of China enters LBMA gold price auction

India Infoline News Service | Mumbai | June 17, 2015 09:47 IST

BOC joins Goldman Sachs, UBS, Barclays, HSBC, Bank of Nova Scotia, Societe Generale and JP Morgan to set the gold price

Gold slips ahead of U.S. Fed meet

India Infoline News Service | Mumbai | June 16, 2015 18:54 IST

A looming Greek crisis failed to trigger sustained flight to safety demand. U.S. economic data on Monday showed softness in industrial production, contrasting with recent upbeat data.

Dollar weighs heavy, as gold prices ease

India Infoline News Service | Mumbai | May 27, 2015 14:49 IST

Spot gold dropped to a two-week low of $1,185.35 an ounce earlier and was down 1.6 per cent at $1,187.59 by 1413 GMT.Post the data displayed increasing US business investment spending plan twice, US gold futures for June delivery were down $16.70 at $1,187.30 an ounce.

Gold continues to be weak amidst speculated rise of interest rates by Feb

India Infoline News Service | Mumbai | May 26, 2015 20:43 IST

Globally, markets have been influenced by indications of Federal Exchange of US to tighten the monetary policy. It is expected that the interest rates will rise this year.

Spot gold, copper declines as dollar strengthens

India Infoline News Service | Mumbai | May 25, 2015 20:54 IST

The dollar strengthened, trading at a month's high due to Fed's announcement of hiking the interest rates.

Fed Effect? Wall street trades flat

India Infoline News Service | Mumbai | May 20, 2015 20:28 IST

Ahead of the release of minutes from the last Federal Reserve meeting on interest rate policy, the markets were trading flat. The Fed's minutes gain special significance during the time of weak economic growth, and market experts expect that the rate hike that was predicted for June will not be followed through.

Govt releases Draft Gold Monetisation scheme

India Infoline News Service | Mumbai | May 19, 2015 16:51 IST

The 'Draft Gold Monetisation' scheme which has been put up by the government to obtain public comments, was introduced in the Budget session this year. Finance Minister Arun Jaitley had announced it in order to help investors earn money on the gold which they own.

The Safehaven shimmer returns to gold

India Infoline News Service | Mumbai | May 15, 2015 11:13 IST

In terms of GoldMoney customers, Roland says it has been a week of stability, Weve seen a low turnover with our customers looking to be holding on to their metal rather than seeing a big profit-taking sell-off.

Gold prices magnify by Rs. 315 in Delhi bullion market

India Infoline News Service | Mumbai | May 14, 2015 18:40 IST

With dollar losing strength equity markets declining, golds value and appeal as an alternative asset has upsurged majorly. The firm global trend witnessed gold rising its highest in the week which led to the steep rise in gold prices as per the Bullion traders.

Gold demand in India rose by 15% in Q1FY15: World Gold Council

India Infoline News Service | Mumbai | May 14, 2015 15:05 IST

Pockets of strength in jewellery were balanced by weakness elsewhere as demand responded to local conditions in each market. Higher volumes in India, the US and the smaller South-East Asian markets were set against declines in China, Turkey, Russia and the Middle East. The net result was a 3% year-on-year contraction in the sector.

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