TopicGold

Topic: Gold

Gold sales in India to continue slow growth in 2020

Swansy Afonso - 30 January, 2020

High prices, a slowdown in the domestic economy and weak consumption across sectors saw consumers shying away from gold markets last year.

Indians seen buying more gold in 2020 after 3-year pause

Swansy Afonso - 21 January, 2020

Inbound gold shipments may climb to 750 tons from an estimated 690 tons last year. Imports had slumped as growth slowed & domestic prices surged.

Gold smuggling on the rise as high prices, higher taxes boost appeal of the yellow metal

Swansy Afonso - 13 December, 2019

Illegal inflows have jumped after the Modi government increased import taxes in July and prices surged to record highs in September.

Gold’s impressive run this year is set to continue in 2020

Ranjeetha Pakiam - 10 December, 2019

Trade war frictions and easier monetary policy across economies pushed gold this year. Geopolitical and economic risks are likely to factor in 2020 too.

India is one of the largest gold smuggling hubs, and UAE plays big intermediary: Report

Taran Deol - 28 November, 2019

Over a quarter of India’s approximate 1,000 tonne gold imports is not accounted for, says a new report by Canada-based NGO IMPACT.

Gold hallmarking mandatory in India from 1 January, jewellers fear ‘GST-type’ slowdown

Samyak Pandey - 27 November, 2019

Modi government plans to implement gold hallmarking across the country in four phases, starting with the metro cities.

NBFC crisis turns bonanza for gold loan financiers Manappuram, Muthoot

Divya Patil - 11 November, 2019

Indians are increasingly pawning their family jewellery to get cash amid a fundraising crunch at NBFCs.

India cuts gold imports for fourth month

Shruti Srivastava - 7 November, 2019

Gold consumption is forecast to drop to the lower end of a 700 to 750 ton range this year, the lowest since 2016, as a surge in prices coupled with a weak economy keeps buyers away.

Indians are buying less gold and millennials are partly to blame

David Fickling - 28 October, 2019

The world’s most important gold market isn’t what it used to be. Just a decade ago, India’s hunger for gold jewellery and bullion meant it...

High gold prices, economic slowdown dulls Dhanteras sales

Swansy Afonso - 25 October, 2019

Gold sales in the run up to Diwali, which is usually a busy time, were down about 40% from last year.

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Topic: Gold

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