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Gold demand in India witnessed a 5% on-year rise at 802.8 tonnes in 2024 supported by reduction in import duty, and purchases related to weddings and festivals, and going ahead consumption of the yellow metal in 2025 is likely to be between 700-800 tonnes, according to the World Gold Council. The World Gold Council (WGC)…
Treasure hunt: People sift through a mixture of sand and pebbles for gold near the village of Soykechar in Uzbekistan on March 6. | Photo Credit: AFP Sifting through a greyish mixture of sand and pebbles in the steppe near the southwestern village of Soykechar in Uzbekistan, Khislat Ochilov was searching for gold. He is…
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The World Gold Council expects India’s gold demand to rise in 2024 despite higher prices. File | Photo Credit: Reuters MUMBAI India’s gold demand is expected to be subdued in the first quarter of 2024 due to lower jewellery sales, but annual demand is anticipated to rise as consumers adjust to higher prices, the World…
Read More “India’s gold demand to rise in 2024 despite subdued March quarter: WGC” »
Pakistan’s gold demand fell 11% to 11.6 tonne during the third quarter of 2023 from 13 tonne in the year-ago period, while Sri Lanka’s gold demand rose substantially to 2.4 tonne from 0.3 tonne. (Representational image only.) | Photo Credit: Reuters Global gold demand declined by six per cent to 1,147.5 tonne during the third…
Read More “Global gold demand drops 6% in Q3; India, China demand up” »