Gold imports by India plunged 55% in December 2011 and 75% in November 2011; traders say reduced purchases by consumers during Q1 2012 could further weaken gold prices. Originally from Mineweb – Daily news headlines
HONG KONG (MarketWatch) — Indian gold imports were down sharply in the October to December period from a year earlier, traditionally India’s busiest period of gold buying, according to the head of India’s leading gold bullion body, with high bullion prices putting a damper on buying. Imports for the quarter were down 56% from the [...]
The company plans to increase its gold imports 17% next year to power its renewed thrust in the competitive and fragmented local jewellery market. Originally from Mineweb – Daily news headlines
Chinese citizens continue to buy gold in record volumes with October the fourth successive record month for imports via Hong Kong Originally from Mineweb – Daily news headlines
Taking a call on the many representations that the commerce ministry has received, India could soon free gold doré imports, bringing down jewellery prices. Originally from Mineweb – Daily news headlines
Chinese citizens continue to buy gold in record volumes with October the fourth successive record month for imports via Hong Kong Originally from Mineweb – Daily news headlines
According to the Bombay Bullion Association, imports of the yellow metal could drop to as low as 70 metric tons as higher prices keep buyers away Originally from Mineweb – Daily news headlines
In a bid to help weigh down soaring gold prices, Vietnam’s central bank has authorised at least one domestic firm to import more gold and could open the market to unlimited imports Originally from Mineweb – Daily news headlines
India’s investment demand for gold jumped 78% to 108.5 tonnes, while jewellery demand rose 17% in the second quarter till July 2011 to 139.8 tonnes, while in value terms demand rose 70% in India. Originally from Mineweb – Daily news headlines
Gold is trading at $1,528.33/oz, €1,071.99/oz and £958.08/oz. Gold was lower in most currencies except the euro this morning as euro weakness has kept gold close to record nominal highs in euros. Gold is 2.7%, 3.3% and 4% higher in dollars, pounds and euros for the week and looks set to close higher and near [...]
Gold is trading at $1,544.39/oz, €1,076.08/oz and £954.27/oz. Gold is marginally higher in most currencies today and on the verge of making new nominal highs in dollars, euros and pounds. It is holding near record highs as there is no quick end in sight to economic turmoil in Europe after Greece was told to approve [...]
Precious metals continue to be the fancy of Indian investors with the country recording $9 billion imports in just one month puzzling economists and analysts. Originally from Mineweb – Daily news headlines
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