gold imports

India’s gold imports more than doubled in August to hit their highest level in 15 months as lower prices prompted manufacturers to replenish inventory for a jewelry exhibition, provisional data from metals consultancy GFMS showed . . . .

Imports of gold to India surged for the first time in seven months after jewelers refilled stocks, taking advantage of sliding gold prices and rising demand with an upcoming jewelry exhibition . . . .

As per the information passed to the parliament, Gold import in volume terms has increased by 22.43 per cent to 955.16 tons during the fiscal year 2017-18 . . . .

Putin Warns: "US Sanctions Hurt Trust in Dollar as Reserve Currency"

After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, one month ago Turkey announced that it too has decided to repatriate its gold stored in the US Federal Reserve and deliver it to the Istanbul Stock Exchange . . . .

Turkish gold imports surged due to a sharp increase in investment demand as well as renewed Central bank purchases . . . .

Iran’s gold demand will probably be “strong” for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd . . . .

The U.S. gold exports to Hong Kong surged in February consuming nearly all of the domestic gold mine supply . . . .

Gold demand saw a revival in the financial year 2017-18, over the preceding fiscal, 2016-17, according to analysts. In fact, the import of the yellow metal stood at 74 metric tonnes (MT) in FY2017-18, increasing from 62 MT in FY2016-17, an increase of 19% year-on-year . . . .

Consumption of the precious metal climbed 9.4 per cent to 1,089 tonnes, according to data from the China Gold Association, released on Thursday. That represents a big turnaround . . . .