According to WGC press release, despite this pause, the gold market remains robust with significant movements in prices, imports, and investor activity.
According to the World Gold Council's latest commentary, the month saw a resurgence in inflows, primarily driven by strong demand in Europe and Asia, despite minor outflows in North America and other regions.
Global gold demand was up 3 per cent year-on-year at 1,238 tonne in the first quarter of 2024, marking the strongest first quarter since 2016, according to World Gold Council's Gold Demand Trends report.
India’s gold demand in April-June 2023 quarter dropped by 7 per cent to 158.1 tonnes, attributable to high gold prices which significantly impacted affordability and consumer sentiment, said World Gold Council in a report on Tuesday.
The 20-year-old Tom Kim put on a polished display at Augusta National with birdies on the first and second holes before making a glorious eagle on the par-5 13th hole from nine feet to get to 4-under for the day in the company of 2022 FedExCup champion Rory McIlroy (72) and Sam Burns (68), t
Sam Burns found himself behind early on against Young but responded brilliantly, winning four holes in a row from the fifth to turn the match on its head at Austin Country Club.
Defending champion Scottie Scheffler maintained his phenomenal record at this event - where he has finished second and first in the last two editions - with a three-hole victory over Tom Kim. World Number Three McIlroy beat Keegan Bradley in a repeat of their 2012 Ryder Cup singles clash.
Kim, a four-time PGA Tour winner, swept to a 4 and 3 victory over World No. 9 Viktor Hovland in his Group 8 match at Austin Country Club and needs only a tie in his final group match to advance out of the group stage
New Delhi [India], August 10 (ANI): Against the backdrop of monetary policy tightening by several central banks including the Reserve Bank of India, gold as an asset may offer investors a source of return on their investments and effective diversification of the portfolio, said World Gold Co
New Delhi [India], May 2 (ANI): Amid inflation and high gold prices, India's demand for the yellow metal declined sharply in the January-March quarter by 18 per cent to 135.5 tonnes, according to World Gold Council (WGC).
Mumbai (Maharashtra) [India], July 31 (ANI): World Gold Council (WGC) and Gem and Jewellery Export Promotion Council (GJEPC) have signed an agreement to promote gold jewellery in India.