Appetite for jewellery boosts India gold demand: WGC
Indian appetite for gold jumped by more than a third in the last quarter, in sharp contrast to the rest of the world, boosted by jewellery demand for the wedding season, an industry body said on Thursday. Demand in India rose 39 per cent to 225.1 tonnes in July-Sept – the second highest on... read more »
Gold, silver at multi-year lows on overseas cues
NEW DELHI: Gold and silver prices slumped to their multi-year lows to trade at Rs 25,800 per 10 grams and Rs 34,900 per kg, respectively in the national capital today amid weak cues from global markets as strengthening dollar curbed demand for the precious metals. In addition, absence of buying by... read more »
Gold, silver likely to trade lower; copper may rise
Global markets traded mixed in the last fortnight as the US Fed’s decision to wind up its bond buying programme acted as a boost for equities wherein the Dow Jones gained by around two per cent. Equities in the euro zone and Japan traded lower due to weak sentiment, acting as a negative... read more »
Gold struggles on stronger economic data, higher equities
Gold steadied on Monday but failed to make any recovery from three straight days of losses as stronger global economic data and higher equities curbed the metal’s safe-haven appeal. Asian equities rose, taking heart from upbeat earnings and US economic data that eased global growth fears and... read more »
