Articles Tagged "india"

Indian Consumers Hold Off on Purchasing Gold

Reuters reported that an expected cut in import duty and a likely drop in local prices has consumers in India holding back on gold purchases, but dealers are hopeful the upcoming wedding season will help them secure purchases.

Shanghai Gold Exchange Withdrawals Point to Strong Chinese Demand

Mineweb's Lawrence Williams said in an article published Sunday that although rumor has it that India has overtaken China as the world's largest gold consumer once again, withdrawals of the metal from the Shanghai Gold Exchange (SGE) "continue to contradict this enormously."

Gold Outlook 2015: Analysts Anticipate a Break from Turmoil

Analysts are calling for the gold price to be weaker at the start of 2015 before gaining momentum after the Fed makes a decision about interest rates. Read on to find out what else market watchers see coming in the year ahead.

India Surprises with Removal of Key Gold Import Restriction

India surprised the gold market on Friday when it removed a fairly stringent restriction on gold imports. The Reserve Bank of India issued a statement announcing the change on Friday afternoon, but did not give a reason for scrapping the import rule. Analysts have cautioned that the news may not give gold prices the boost investors are hoping for.

Indian Government May Curb Gold Imports

The Financial Times reported that the Indian government is considering cracking down on gold imports in an effort to reign in the country's trade deficit.