Search For "world gold council"
Global gold demand reaches record high value of over USD 100 billion
Updated : 1 year, 4 months ago IST
Investment demand for gold skyrocketed, more than doubling from the previous year to 364 tonnes. This surge was primarily fueled by a shift in demand for gold exchange-traded funds (ETFs) among Western investors, with global gold ETFs adding 95 tonnes--a notable rebound as this marked the fi
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Gold prices surge as rural recovery and festive season drive strong demand
Updated : 1 year, 5 months ago IST
The report highlights that gold prices continued to strengthen into September. International gold prices rose by 2.8 per cent, while domestic prices increased by 1.6 per cent over the same period. Despite these gains, Indian gold prices remain 2 per cent below pre-Union Budget levels due to
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Gold Jewellery demand to go up in coming months, 18 pc volume hike forecas
Updated : 1 year, 5 months ago IST
The report suggests that the second half of 2024 could see an industry-wide volume demand increase of 18 per cent. Experts attribute this growth to the upcoming festive season, with retailers expanding their store networks to meet the expected rise in customer demand.
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Gold demand in India surges post duty cut, Global market brace for US elec
Updated : 1 year, 6 months ago IST
The global shift towards gold as a hedge against macroeconomic risks is also being reflected in India. The uncertainty surrounding the US election and potential rate cuts has driven up demand for safe-haven assets like gold.
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World Gold Council's Campaign on Quora: A Comprehensive Success Story
Updated : 1 year, 6 months ago IST
Mumbai (Maharashtra) [India], August 28: The World Gold Council (WGC) campaign on Quora, achieved notable results in terms of engagement and awareness.
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Domestic gold prices surge 10% amid global price rally, central bank buyin
Updated : 1 year, 6 months ago IST
The reduction in import duty has ignited a resurgence in gold demand across India. Reports from the recently concluded India International Jewellery Show indicate a substantial increase in order bookings from retailers, particularly in preparation for the upcoming festive and wedding season.
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Gold boosts returns and lowers risk, while Bitcoin heightens volatility: W
Updated : 1 year, 7 months ago IST
Gold, a time-tested asset known for its stability, has long been a safe haven during market downturns. Bitcoin, on the other hand, displays characteristics more akin to high-risk technology stocks, making it an unsuitable substitute for gold in times of market stress.
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Yellow metal places Uzbekistan at centre of economic activities
Updated : 1 year, 7 months ago IST
Last year, Uzbekistan produced 110.8 tonnes of gold, ranking it tenth globally. The country's central bank was the second-largest net seller of gold worldwide, selling around 25 tonnes, just behind Kazakhstan, according to the World Gold Council.
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Asia's gold inflows reach USD 438 mn in July; India leads growth after imp
Updated : 1 year, 7 months ago IST
India's gold market continued its strong year-to-date (y-t-d) performance in July, with gold prices reaching Rs 65,314 per 10 grams, marking a 4.5 per cent return for the month and a 17.5 per cent y-t-d return. This strong performance was a key driver of the inflows into Indian gold ETFs, as
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Global gold demand drops 6 pc in Q2 2024 due to slump in jewellery consump
Updated : 1 year, 7 months ago IST
The record-high gold prices took a significant toll on jewellery consumption. Volumes fell 19 per cent y/y to 391 tonnes, the lowest in four years.
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Duty cut will boost gold demand in India, anticipates World Gold Council
Updated : 1 year, 7 months ago IST
The recently announced customs duty cut in the Union Budget will boost the gold demand in the country, making it a bright gold market destination, said the World Gold Council (WGC).
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Global gold ETFs see robust June inflows, narrowing H1 losses despite mixe
Updated : 1 year, 8 months ago IST
Lower yields in key regions and weaknesses in non-dollar currencies increased gold's allure to local investors, pushing global gold ETFs' total assets under management (AUM) 8.8 per cent higher year-to-date to USD 233 billion. Collective holdings also rebounded, reaching 3,105 tonnes.
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