Gold has firmed on light physical purchasing, paring the previous day’s slump on receding risk tolerance after a weak U.S. confidence reading suggested consumer demand would languish for some time to come. For full story, click here
China may overtake India to become the world’s top gold consumer this year, the World Gold Council declared, as the nation became the first of the major economies to rebound from the international recession. For full story, click here
To everyone’s surprise, about 74 per cent of investors in India, the world’s leading gold consumer, declared that they prefer purchasing gold and related products at current price levels. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Gold which lost nearly 4 per cent in last two trading sessions, seems to be moving towards a key support level of $875 an ounce which is the 100 DMA (Day Moving Average). Gold price closed at $893 on Friday, losing nearly $35 since Wednesday after the [...]
India maintained its reputation of being the numero uno consumer of gold when demand for gold reached an all time quarterly record of Rs. 30,600 crore in the third quarter of 2008. For full story, click here
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