"We are dealing with higher import duty, erratic monsoon, slowing economic growth and then very volatile and all-time high gold prices and the demand really seems to be taking a backseat amongst all of this," says PR Somasundaram, MD-India at World Gold Council
In the first quarter of 2019, global gold demand grew to 1.053.3t according to World Gold Council's latest Gold Demand Trends report.
The World Gold Council, the market development organisation for the gold industry, today announced the appointment of David Tait as incoming Chief Executive Officer.
The World Gold Council and MMTC-PAMP India Pvt. Ltd. have jointly launched the ‘Precious Metals Assay and Training Institute’ (PMATI) to develop a new generation of skilled assayers.
The World Gold Council (WGC) said it will soon submit the blueprint on spot exchange for yellow metal to the government.
The World Gold Council has today announced that Aram Shishmanian will be stepping down as Chief Executive Officer next year after 10 years of leadership.
Global gold demand remained muted in Q2 2018 at 964 tonnes (t), 4% below the same period in 2017, according to the World Gold Council’s latest Gold Demand Trends report. Slower inflows into gold-backed exchange-traded funds (ETFs) created a weak comparison against the highs of last year, contributing to the lowest H1 demand since 2009. Whilst China, the world’s largest gold market, saw a 7% rise in consumer demand.
The gold jewellery demand is likely to face pressure in the long term, however, the country's demographics will offset the trends and boost demand, the World Gold Council (WGC) said in a report today.
The World Gold Council today launched a one-off essay collection, Gold 2048, bringingtogether industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years.
Bitcoin’s parabolic price rise was the big story of 2017 – putting the spotlight on the cryptocurrency market. While gold’s performance was a solid 13%, it was a fraction of the 13-fold increase of bitcoin by the end of the year.
Global gold demand in Q3 2017 was 915 tonnes (t), a drop of 9% compared with the same period in 2016, according to the World Gold Council’s latest Gold Demand Trends report.
Indian jewellery demand consumed a 15 per cent higher - 124 t of gold jewellery due to RBI’s remonetisation buoying consumer sentiment.
Gold demand in the country has suffered drastic downfall by 21 per cent mainly because of demonetization.