India

Buying gold around Diwali tops the shopping list for a large number of Indians . . . .

India’s gold imports may rise in the fourth quarter as investors seek alternatives to faltering equity markets and a plunging rupee . . . .

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 . . . .

MUMBAI: The Reserve Bank of India (RBI) has bought gold for the first time in nearly a decade, signaling that the metal could be in demand as a store of value when returns and capital values of fixed-income bonds are declining in a rising rate environment . . . .

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 . . . .

Platinum Guild International (PGI) has released its Q1 Platinum Jewellery Business Review of the platinum jewelry market around the world . . . .

Physical gold demand in most Asian hubs was muted this week, weighed down by stronger prices, despite a slight pick-up in buying in India ahead of the wedding season and a key festival . . . .

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 . . . .