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Economy India

An uptick in prices kept a lid on demand for gold in most regions across Asia this week, while in India, an upcoming festival saw jewellers stocking up on the metal

Gold Slumps To 2-Week Low, Sheds Rs 400 On Global Weakness

Globally, gold price fell 0.37 per cent to $1,183.90 an ounce, and silver by 0.27 per cent to $16.70 per ounce in Singapore

Asia Gold Demand Picks Up As Indian Wedding Season Drives Fresh Buys

Gold demand in Asia gathered some steam this week on wedding season purchases in India, with prices swinging to a premium there for the first time in over a month, and traders expecting demand to strengthen due to the upcoming Chinese New Year

Gold Premiums Surge To Two-year Highs On Fears Of Import Curb

Gold premiums in India jumped to two-year highs this week as jewellers ramped up purchases on fears that the government might put curbs on imports after withdrawing higher-denomination notes from circulation in its fight against black money.

India, Japan Platinum Demand To Be Strong In 2017: PGI

While gold is a low-margin business for Indian jewellers, retailers can scoop up returns of about 50 percent for platinum, said Huw Daniel, chief executive of Platinum Guild International

Gold Gains As China's Post-Holiday Return Spurs Buying

Early buying was evident from both speculators and physical traders, with investors expecting the return of the Chinese after a week-long break, according to a dealer

Gold Falls To Two-Week Low On Strong Dollar After US Data

'Despite the fact that we saw different types of crisis from Deutsche Bank to Brexit, we can see that prices haven't gone beyond the resistance at $1,350'

Gold Buying Picks Up Ahead Of Festive Season In India, China

Physical gold demand in Asia improved modestly this week as consumers returned to the market ahead of upcoming festivals in India and China when demand is usually high

Price Spike Dulls Gold's Lustre For Indian Buyers

Indian gold prices hit a record high of 35,074 rupees ($522) per 10 grams in August 2013, falling then to a four-year low of 24,451 rupees in 2015, leaving many investors in the lurch. Last week, prices breached the 32,000-rupee mark

Gold Eases Off Near Two-Year High, Silver Crosses $21/oz

Chinese commodities from nickel to cotton surged on Monday on hopes Beijing would unleash more stimulus to prop up a sluggish economy, brightening the outlook for raw material demand

Gold Rises On Weaker Dollar, Set For 3rd Straight Weekly Gain

Gold could get a further boost as a safe haven if a vote by Britain to leave the group pushes Europe back into a recession

Gold Perks Up On Higher Global Cues, Jewellers' Buying