India gold futures were flat on Tuesday as support from a weak rupee was offset by a soft international futures market. Debjyoti Chatterjee, an associate vice-president with ADMISI Commodity, stated: We would continue to watch rupee for direction in gold. For full story, click here
Market players declared that Indian gold traders are aiming to establish a domestic benchmark price for the yellow metal, although differing regional tax rules could hamper the push for uniform pricing. Anjani Sinha, MD and CEO of National Spot Exchange Ltd, stated: Currently, we have started spot deliverable contracts in six locations and we plan [...]
Snapping four-day winning streak, gold prices dipped Rs 110 per ten grams to Rs 14,855 on the bullion market here on lack of demand at higher levels in spite of higher international advices. For full story, click here
India gold futures prices edged lower on Tuesday tracking weak global markets, but traders stayed away from the local spot market due to unaffordable prices. For full story, click here
Gold demand in India, the world’s biggest gold market, fell significantly by 83% in the first quarter of calendar year 2009 to just 17.7 tonnes as compared to similar period last year. For full story, click here
New York gold futures have ended higher for a fourth straight day on Thursday as market optimism and recent positive U.S. economic indicators boosted bullion’s appeal as a hedge against inflation. For full story, click here
Gold opened the week on a bullish note in the domestic market as stockists turned active purchasers in expectation of good wedding demand. For full story, click here
A latest report presented by Citigroup declared that gold prices are expected to surge further in the coming months, but the uptrend is likely to reverse after the return of confidence in the equity market. For full story, click here
Miner OceanaGold Corp has predicted a buoyant market for gold in 2009, and declared that it will focus on exploration. For full story, click here
Jewellery demand from India has helped cushion the gold industry from recording a sharper decline in offtake in 2008. According to the World Gold Council’s quarterly research report, Gold Investment Digest Q1 2009, released on Thursday, demand for gold jewellery contracted in 2008 with total tonnage offtake at 2,137.5, 11% below its 2007 level. For [...]
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