This Akshaya Tritiya, expectations of jewellers are high due to a marginal dip in gold prices compared to last month. In April, sales volume decreased by around 20 per cent, although there was an increase in gold consumption in value terms due to escalating gold prices. The jewellery retailers are expecting Akshaya Tritiya to boost…
Gold prices edged up for a second session on Tuesday, after recent economic data boosted bets that the Federal Reserve would cut interest rates later this year. FUNDAMENTALS * Spot gold rose 0.2% at $2,327.11 per ounce, as of 0034 GMT. U.S. gold futures firmed 0.2% to $2,336.20. * Traders are pricing in a 64%…
CK Venkataraman “Actually, the intrinsic opportunity for the jewellery business of Titan is very-very strong. And I think post the election, there will be a certain stable demand as well,” says CK Venkataraman, MD, Titan Company.If I put the numbers in perspective for our viewers and looking at what brokerages have said, brokerages are of…
Physical gold demand in India remained subdued this week despite a slight correction in prices as buyers awaited an even bigger drop, while Chinese premiums slipped for the second straight week due to sluggish holiday demand. In India, the world’s second-largest gold consumer and a major importer, domestic prices fell to around 70,500 rupees per…
Indian diamond jewellery market will grow to US$ 17 bn by 2031 out of India’s total gem & jewellery of US$ 120 bn from $ 79 bn in 2021. 2024 is likely to be a record year for gold mine production and jewellery demand will be firm but vulnerable to gold prices. This was revealed…
Gold has been a cherished asset for Indian households, consistently delivering impressive returns compared to other investment options. Even as gold prices touch new highs this year, one wonders when the yellow metal will hit levels of Rs 1 lakh, or even Rs 2 lakh? What does historical data on the movement of gold suggest…
New Delhi: India‘s gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in demand. India’s gold demand…
Gold prices edged down on Monday as a steady U.S. dollar made bullion less affordable for overseas buyers, while investors awaited further clues on when the U.S. Federal Reserve would deliver its first interest rate cut. FUNDAMENTALS Spot gold fell 0.3% to $2,328.20 per ounce as of 0112 GMT. U.S. gold futures were down 0.3%…
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 Gold’s rise to all-time highs above $2,400 an ounce this year has captivated global markets. China, the world’s biggest producer and consumer of the precious metal, is front and center of the extraordinary ascent. Worsening geopolitical tensions, including war in the Middle East and Ukraine, and the prospect of lower US interest rates…
