With gold prices back at records, mining engineer, Richard Johnson hopes to bring the deep Kolar gold mine In Karnataka, India, back on line. Originally from Mineweb – Daily news headlines
Gold ETFs in India have seen inflows of over $4.21 billion in the current calendar year, with ETF assets swelling nearly three times in one month alone, from a year ago period. Originally from Mineweb – Daily news headlines
Despite Indian gold consumption increasing at a CAGR of 7.5% between 2006 and 2010, limited resources for exploration activity and policy complexity have constrained exploration activities in the country Originally from Mineweb – Daily news headlines
With a cluster of Indian festivals in September, culminating in Diwali in October, and the wedding season kicking into gear at the end of this month, Indian customers are going to ludicrous lengths to buy gold. Originally from Mineweb – Daily news headlines
With a cluster of Indian festivals in September, culminating in Diwali in October, and the wedding season kicking into gear at the end of this month, Indian customers are going to ludicrous lengths to buy gold. Originally from Mineweb – Daily news headlines
The hefty jump in the price of the yellow metal has kept many investors at bay, but traders are innovating by launching half gram gold coins and a gold leaf to bring back fleeing customers. Originally from Mineweb – Daily news headlines
As the price of gold continues to rise, consumers in India are looking at diamonds as an alternative, and the market is set for a boost from a shipment of rough diamonds from Zimbabwe worth $153m. Originally from Mineweb – Daily news headlines
As the price of gold continues to rise, consumers in India are looking at diamonds as an alternative, and the market is set for a boost from a shipment of rough diamonds from Zimbabwe worth $153m. 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
LONDON (MarketWatch) — India and China were again the standout markets for gold demand growth last quarter, accounting for more than half of the world’s jewelry and bar and coin purchases, the World Gold Council said Thursday, adding that the outlook in both countries continues to look positive for at least the rest of the [...]
Gold’s strong start to the year was reinforced during the second quarter of 2011 where total global gold demand measured 919.8 tonnes (t), worth a near-record US$44.5bn, with broad-based support across all sectors and geographies. Standout markets were India and China, as these two markets accounted for 52% of total bar and coin investment and [...]
At the Multi-Commodity Exchange of India (MCX), gold October contract rose 0.70% to trade at 25853 after opening Friday at 25796. This is in contrast to the international prices which have declined for the day. Originally from Commodity Online Bullion News
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