BEIJING: China‘s gold consumption in the first quarter of 2024 climbed by 5.94% from a year earlier on soaring safe-haven demand, the country’s Gold Association said on Friday. Bullion consumption in the world’s largest consumer totalled 308.905 metric tons in the first three months of the year. Purchase of gold bars and coins jumped 26.77%…
Representative image India‘s gold imports are set to plunge by more than 90% in March from the previous month to hit their lowest level since the COVID pandemic as banks cut imports after record-high prices hit demand, a government official and two bank dealers told Reuters. Lower imports by India, the world’s second biggest consumer…
Representative image KOLKATA: The wedding season currently underway and the festive season late last year have combined to push up demand for gold in Kolkata by almost 20%. According to associations of jewellers and individual brands, the surge this season has been the best, not only after the pandemic but also in the last one…
Gold prices advanced on Monday, as the metal’s appeal was boosted by safe-haven demand owing to tensions in the Middle East, while markets raised bets that the Federal Reserve will cut rates as soon as March. Spot gold was up 0.2% at $2,052.10 per ounce, as of 10:34 a.m. ET (1534 GMT). U.S. gold futures…
Representative Image The recent equities rally has stolen the sheen from gold ahead of the festive season that starts from Ganesh Chaturthi. Jewellers and industry executives said gold sales are down by up to 15 per cent compared to last Ganesh Chaturthi despite prices falling below Rs 60,000 per 10 gm. Though the price of…
