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gold demand to be positive in second half of 2018, says wgc report




gold demand is likely to be healthy in the second half of 2018 on positive global economic growth, trade wars and its impact on currency and rising inflation, the world gold council (wgc) said in a report.gold price rose by more than 4 per cent in the first few months of the year, only to finish in ...



india, china to drive global demand for gold, jewellery: metal focus




global demand for gold for jewellery fabrication is expected to touch a three-year high of 2,186 tonnes in 2018, according to independent precious metals consultancy metal focus. india’s jewellery demand is estimated at 573.3 tonnes in 2018, up 14 per cent from 2017. china is expected to see a 3 p...



gst, other such policies to boost gold demand, says world gold council




gold demand will get a fillip from government policies targeted at transparency and economic growth, according to the world gold council. "in india, the second largest gold market in the world, we believe that after their initial implementation shock, policies such as the demonetisation initiative a...



market bets on gold price rebound in second half of 2018




after a subdued samvat 2073, gold is likely to do better this year, say experts. while gold prices are expected to be volatile, bias would be upwards. sudheesh nambiath, lead analyst, precious metals for south asia, gfms tr said, “gold in dollar terms is on an uptrend and prices are expected to to...



at $76.43 a barrel, indian basket of crude oil rises highest since dec 2014




on a day when the indian basket of crude oil touched its three-and-a-half year high of $76.31 a barrel, the international energy agency (iea) said in a report that following a growth of 125 kilo barrels per day in 2017, india will see an acceleration in oil demand to 300 kb/d in 2018. this is despit...



indians' love for gold declined in september quarter, demand down 24%: wgc




india's gold demand in the third quarter this year fell 24 per cent to 145.9 tonnes as the implementation of gst and anti-money laundering legislation (aml) around jewellery retail transactions kept buyers away, according to a report of the world gold council (wgc).the gold demand in india stood at ...



presstv-stronger economy increases iran’s gold demand




market figures show iran’s demand for gold rose to a four-year high in the first quarter in what is believed to have been a result of the improvement in the country’s economy.  bloomberg said in a report that iran’s demand for the precious metal in the first three months this year rose by 27 ...



demonetisation, gst impact: india is fast ceding gold market share to china




india is fast losing its gold market share to china. and, from that perspective, the january-march period of 2018 has been the worst for india’s share of the global yellow metal demand. according to the world gold council’s gold demand trend report for the march quarter, released on thursday, to...



gold import bill rises 13% at $34 bn in fy18, trend set to continue in fy19




gold import in financial year 2017-18 is estimated at 13 per cent higher than the year before at $34 billion, the highest after 2014-15. the estimate for 2018-19 is at least another 10 per cent higher. sonal varma, chief india economist at borkerage nomura, says: "demand was higher last year, due to...



march quarter gold imports decline 32% as akshaya tritya fails to enthuse




gold imports fell by a staggering 32 per cent fall in march quarter of 2018, a development traders attribute to lacklustre jewellery demand despite akshaya tritya in april and the wedding season. according to gfms thomson reuters data, during the january–march 2018 quarter, india imported 163.1 to...



gold demand slid to eight-year low in 2017: world gold council




a late rally in physical gold buying failed to prevent a drop in full-year demand last year to its lowest since 2009, the world gold council said on tuesday, as weaker fund investment outstripped a bump in jewellery consumption. global gold demand slid 7 percent in 2017 to 4,071.7 tonnes, an eight-y...



2018 to be the year of silver? white metal expected to outperform gold




going by low volatility and rising risk in all other asset classes, the 2018 is expected to see a preference for precious metals. however, within gold and silver, the latter is expected to outperform the former. ratio traders are also looking at a fall in gold-to-silver ratio, which indicates how ma...



hiring intent, employability in higher education for 2018 positive: study




hiring intent for 2018 is positive with an increase of 10-15 per cent among organisations across sectors compared to last year, according to the india skills report 2018, a joint initiative of talent assessment firm wheebox, hr tech company peoplestrong and cii. twenty-four per cent employers indica...



five reasons why gold imports will halve in january




after a sharp rise in gold imports in the december, inward shipments of the precious metal are expected to halve in january. according to data from the ministry of commerce released on monday (yesterday), gold imports in december 2017 were up 71 per cent to $3.39 billion. in tonnage terms this is 81...



gold climbs rs 170 to rs 31,820 per 10 gram on global cues, wedding demand




gold advanced by rs 170 to rs 31,820 per ten gram at the bullion market on friday largely in sync with the overseas trend amid increased buying by local jewellers. however, silver met with resistance at higher levels and slipped by rs 580 to rs 39,380 per kg. traders said sentiment remained firm on ...



gold extends losses, down rs 200 on muted demand




falling for the third straight day, gold prices declined further by rs 200 to rs 30,450 per 10 grams at the bullion market today amid easing demand from local jewellers weakness in global markets.however, silver strengthened by rs 50 to rs 40,900 per kg on demand from industrial units and coin maker...



gold imports double in september quarter despite gst, pmla notification




gold imports in the september quarter doubled despite the complications arising out of the goods and services tax (gst) implementation, money-laundering restrictions, curbs on export houses and a dull demand season. according to a gfms thomson reuters gold survey released on thursday, “the septemb...



india, china to fuel 50% of rise in global oil demand in 5 years, says iea




india and china are set to contribute nearly 50 per cent to the increase in the global demand for oil over the next five years, the international energy agency (iea) said in its report on oil sector for 2018. according to iea, demand is expected to grow at an annual rate of 1.2 million barrels per d...



gold plunges rs 225 on muted demand from jewellers, silver dips by rs 450




gold tumbled by rs 225 to rs 30,375 per ten gram at the bullion market on thursday on muted demand from local jewellers even as the metal strengthened overseas.silver followed suit and dropped by rs 450 to rs 40,000 per kg due to reduced offtake by industrial units and coin makers.traders said fall ...



gold, silver decline on muted demand




gold on monday fell by rs 70 to rs 29,580 per ten gram on muted demand from local jewellers and retailers even as the metal showed some strength overseas.silver also declined by rs 100 to rs 37,800 per kg due to reduced offtake by industrial units and coin makers.traders said tepid demand from local...



gold price plunges by rs 350 on lackluster demand, silver slides below 40k




gold lost rs 350 to rs 31,800 per ten gram on friday, aligning with a sluggish overseas trend amid fall in local demand. silver too fell by rs 250 to rs 39,750 per kg due to reduced offtake by industrial units and coin makers. according to traders, gold prices took a hit owing to fall in demand from...



samsung shows record profits despite weak demand for mobile oled




with its latest earnings report, samsung notched its fourth straight quarter showing record operating profits of $14.4 billion. as predicted, that's mostly due to the memory chips it makes that go inside its phones as well as many other devices, but the most notable element of the report might be it...



kenyan athlete fails drug test




the iaaf has announced that a kenyan athlete who won the marathon gold medal at the rio olympics last year, tests positive in an out of competition test.according to the sport’s governing body statement, jemima jelagat sumgong, who last year became the first kenyan woman to win olympic gold in the...



kgi: preorder demand for iphone x could top 50 million units, supply constraints




aapl stock is down slightly today due to a report from digitimes that apple has asked suppliers to slow down delivery of iphone x components, and investor fears that iphone 8 demand is weak.on the other side of the spectrum, kgi today says that iphone x demand could reach 40-50 million units due to ...



kgi: preorder demand for iphone x could top 50 million units, supply constraints




aapl stock is down slightly today due to a report from digitimes that apple has asked suppliers to slow down delivery of iphone x components, and investor fears that iphone 8 demand is weak.on the other side of the spectrum, kgi today says that iphone x demand could reach 40-50 million units due to ...