India

Britain’s HSBC bank is projecting gold at $1,550 per ounce by the end of 2017. Trump’s protectionist stance in the campaign, if he follows through with it while in the White House, could trigger trade wars that will destabilize global markets, which would boost gold prices . . . .

Jewelers are offering discounts of up to 50% on making charges to attract consumers in the ongoing festive season in the hope that the surge in rural demand will more than make up for the almost 10% higher gold prices this year, high import duties and a closer watch by the tax authorities on sales . . . .

The consumer price index (CPI), a measure of inflation, came in hotter than expected Friday, registering 2.3 percent year-over-year in August on expectations of 2.0 percent . . . .

This is the first time the government has taken such an initiative. It is to include the stated policy, setting up of gem and jewelry parks and regulations for testing and certifying agencies, to primarily address issues of the diamond industry . . . .

According to GJEPC data, the gold bar imports by the country during the first four months of the current fiscal surged higher by 47% when matched with the previous year . . . .

Gold is gaining again, and the looming Brexit vote is one reason why . . . .

For the past four years, physical gold has been flowing in large quantities from West to East, depleting Western warehouse stocks – some would suggest to crisis levels . . . .

Gold consolidating getting ready for a move above $1,300 . . . .

India has had a long-standing love affair with gold. At Indian weddings, some of the brides get so much gold jewelry that it weighs them down. There are upwards of 15 million weddings every year in India...