Nation's appetite for gold investment up in Q2
4 months, 3 weeks ago

Nation's appetite for gold investment up in Q2

China Daily  

An employee sorts gold items at a jewelry shop in Renhuai, Guizhou province. China saw a notable increase in investment sentiment for gold in the second quarter and may witness a further rise in investor appetite for such safe-haven assets, said the World Gold Council on Tuesday. Investment in gold bars and coins surged to 80 tons last quarter, up 62 percent year-on-year, marking the strongest second-quarter performance since 2013.Rising gold prices and investor demand for wealth preservation boosted total investment in gold bars and coins in the first half to 190 tons, a significant 65 percent increase from the first half of the previous year. Globally, the second quarter witnessed record-high gold demand, rising 4 percent year-on-year to 1,258 tons, driving prices up, said the WGC. Despite China's central bank, a major buyer, maintaining its gold reserves at 2,264 tons in May and June after 18 consecutive months of increases, John Reade, chief market strategist at the WGC, said this would not alter the council's previous projections that global central banks may continue to increase gold holdings over the next 12 months as they do not foresee material changes in the second half.

China Investment Gold Second Demand Quarter Half Increase Tons Wgc  jewelry  half  investment  yearonyear  demand  quarter  increase  second  prices  nations  gold  tons  appetite  q2

History of this topic

Gold price today: Rates move up on elevated geopolitical tensions; experts share strategy for MCX Gold
1 month ago

Gold price today: Rates move up on elevated geopolitical tensions; experts share strategy for MCX Gold

Live Mint  

Gold price today: Gold rates climbed in the domestic futures market Thursday morning, supported by positive global cues amid reports of escalating geopolitical tensions. In international markets, gold prices rose for the fourth consecutive session on Thursday, amid escalating tensions in the Russia-Ukraine conflict, while investors awaited remarks from Federal Reserve policymakers on the interest rate outlook. Experts say apart …

Gold Prices Soar to Record Heights, with Potential for Further Gains
Trending News
1 month, 2 weeks ago

Gold Prices Soar to Record Heights, with Potential for Further Gains

China Daily  

Gold prices are expected to rise further in the coming year, with prices potentially reaching $2,800 per ounce by year-end and even reaching $3,000 next year. Factors driving this rise include the rate-cutting cycle started by the US Federal Reserve and major central banks, a weakening US dollar index, and ongoing geopolitical risks.

Gold Prices Soar to Record Heights, with Potential for Further Gains
Trending News
1 month, 2 weeks ago

Gold Prices Soar to Record Heights, with Potential for Further Gains

China Daily  

Gold prices are expected to rise further in the coming year, with prices potentially reaching $2,800 per ounce by year-end and even reaching $3,000 next year. This is due to factors such as the rate-cutting cycle started by the US Federal Reserve and major central banks, a weakening US dollar index, and ongoing geopolitical risks.

Gold prices may rise further in '25
1 month, 2 weeks ago

Gold prices may rise further in '25

China Daily  

By LIU YUKUN | China Daily | Updated: 2024-11-05 10:13 An employee shows gold ornaments at a jewelry firm's display hall in Hangzhou, Zhejiang province. NI LIFANG/FOR CHINA DAILY Gold prices may rise to $2,800 per ounce by year-end and could even reach $3,000 next year, according to recent estimates by financial services provider UBS. The average London Bullion Market …

Gold prices may rise further in '25
1 month, 2 weeks ago

Gold prices may rise further in '25

China Daily  

An employee shows gold ornaments at a jewelry firm's display hall in Hangzhou, Zhejiang province. NI LIFANG/FOR CHINA DAILY Gold prices may rise to $2,800 per ounce by year-end and could even reach $3,000 next year, according to recent estimates by financial services provider UBS. The average London Bullion Market Association pm auction gold price for the third quarter was …

Global Gold Demand Soars 5% in Q3, Hitting 1,313 Tonnes
Trending News
1 month, 3 weeks ago

Global Gold Demand Soars 5% in Q3, Hitting 1,313 Tonnes

ABP News  

Global gold demand surged by 5% in the third quarter of 2024, reaching 1,313 tonnes. This growth was driven by strong investment activity amid record-high gold prices. Central bank gold purchases fell by nearly half, declining 49 per cent to 186.2 tonnes compared to 363.9 tonnes during the same period in 2023.

Gold ETFs: A Rising Trend Amidst Rising Interest Rates
1 month, 3 weeks ago

Gold ETFs: A Rising Trend Amidst Rising Interest Rates

New Indian Express  

Gold ETFs continue to outperform equities, with retail investor accounts in gold ETFs increasing by 15 times over the last five years. The rising retail demand for gold is driven by factors such as central banks' gold purchases and the geopolitical and financial environment. While the 1970s and early 2000s saw significant gold price fluctuations due to wars, central banks …

China's role in gold market to grow: WGC
3 months, 3 weeks ago

China's role in gold market to grow: WGC

China Daily  

An employee shows gold ornaments at a jewelry firm's display hall in Hangzhou, Zhejiang province. NI LIFANG/FOR CHINA DAILY The Chinese gold market, which is evolving from a follower to a leader, is expected to play a bigger role globally in the years to come, said the top executive of the World Gold Council. "Thanks to strong Chinese economic growth …

China's role in gold market to grow: WGC
3 months, 3 weeks ago

China's role in gold market to grow: WGC

China Daily  

An employee shows gold ornaments at a jewelry firm's display hall in Hangzhou, Zhejiang province. NI LIFANG/FOR CHINA DAILY The Chinese gold market, which is evolving from a follower to a leader, is expected to play a bigger role globally in the years to come, said the top executive of the World Gold Council. "Thanks to strong Chinese economic growth …

China's role in gold market to grow: WGC
3 months, 3 weeks ago

China's role in gold market to grow: WGC

China Daily  

By WANG YING in Shanghai | China Daily | Updated: 2024-08-27 09:10 An employee shows gold ornaments at a jewelry firm's display hall in Hangzhou, Zhejiang province. NI LIFANG/FOR CHINA DAILY The Chinese gold market, which is evolving from a follower to a leader, is expected to play a bigger role globally in the years to come, said the top …

Chinese 'Gold ATMs' shine at expo
4 months, 2 weeks ago

Chinese 'Gold ATMs' shine at expo

China Daily  

A Kinghood employee addresses queries on the company's gold exchange machines during the 2024 China Gold Congress and Expo last week. Chinese jewelry company Kinghood Group has rolled out automated gold exchange machines in Shenzhen, Guangdong province, which recently went online in the coastal city in South China. "The system evaluates the gold purity, weight and price within three minutes, …

Chinese 'Gold ATMs' shine at expo
4 months, 2 weeks ago

Chinese 'Gold ATMs' shine at expo

China Daily  

A Kinghood employee addresses queries on the company's gold exchange machines during the 2024 China Gold Congress and Expo last week. Chinese jewelry company Kinghood Group has rolled out automated gold exchange machines in Shenzhen, Guangdong province, which recently went online in the coastal city in South China. "The system evaluates the gold purity, weight and price within three minutes, …

Nation's appetite for gold investment up in Q2
4 months, 3 weeks ago

Nation's appetite for gold investment up in Q2

China Daily  

An employee sorts gold items at a jewelry shop in Renhuai, Guizhou province. China saw a notable increase in investment sentiment for gold in the second quarter and may witness a further rise in investor appetite for such safe-haven assets, said the World Gold Council on Tuesday. Investment in gold bars and coins surged to 80 tons last quarter, up …

High Prices Lead To 5% Decline In India's Gold Demand For June Quarter: Report
4 months, 3 weeks ago

High Prices Lead To 5% Decline In India's Gold Demand For June Quarter: Report

News 18  

India’s gold demand declined 5 per cent to 149.7 tonnes during the June quarter, due to record high prices, the World Gold Council said in a report on Tuesday. Sachin Jain, CEO, WGC Regional, India, said, “India’s gold demand softened slightly in the second quarter of 2024, reaching 149.7 tonnes, down 5 per cent year-on-year. Further, the report said the …

China's gold jewellery demand falls as international gold prices rise as global central banks buy gold
4 months, 3 weeks ago

China's gold jewellery demand falls as international gold prices rise as global central banks buy gold

Hindustan Times  

China, one of Asia's biggest consumers of gold apart from India is slowly turning its back against it, Christopher Wood, global head of equity strategy at Jefferies wrote in his weekly note to investors, GREED & fear, adding that Gold recently moved to a discount in Shanghai for the first time since June 2023, dropping from a $63/ounce premium to …

Chinese gold market to continue driving global gold market innovation: World Gold Council CEO
4 months, 3 weeks ago

Chinese gold market to continue driving global gold market innovation: World Gold Council CEO

China Daily  

A shopper tries on a gold bracelet at a jewelry store in Chongqing. SUN KAIFANG/FOR CHINA DAILY SHANGHAI - The Chinese gold market has transformed from being a follower to a leader in several key areas and is set to continue driving innovation in the global gold market for years to come, said David Tait, Chief Executive Officer of the …

Jewelry companies look to cash in on surging gold prices
6 months, 1 week ago

Jewelry companies look to cash in on surging gold prices

China Daily  

Customers select gold jewelries at a Lao Feng Xiang outlet in Shanghai. Gold consumers are usually older people, but since the launch of the Cang Bao Jin products many young people, including women aged in their 20s, are buying gold fashion accessories, Cao said. Lu from Lao Feng Xiang said, "entering March and April, the market stagnancy spread as more …

Gold maintains glitter as haven for investors
7 months, 1 week ago

Gold maintains glitter as haven for investors

China Daily  

A shopper tries on a gold bracelet at a jewelry store in Chongqing. The attractiveness of gold is expected to increase in the months to come, fueled by prudent domestic monetary policy and lower interest rates, which will further reduce the cost of investing in gold and prompt investors to seek other wealth storage options like precious metals, said Wang …

China influencing global gold prices with robust demand
7 months, 2 weeks ago

China influencing global gold prices with robust demand

Hindustan Times  

Amid geopolitical and economic uncertainties, gold has emerged as a favored investment, witnessing a significant price surge triggered by Russia's invasion of Ukraine and the conflict between Israel and Palestine. China's already substantial impact on gold markets has become even more pronounced during this recent bullish trend, marked by a nearly 50 per cent surge in global prices since late …

What’s next for gold? Look to China for clues
8 months, 3 weeks ago

What’s next for gold? Look to China for clues

Live Mint  

The country’s central bank has pushed its gold reserves to a record level. State Street Global Advisors, which manages the world’s largest spot-gold ETF, was more bullish: The firm said it expects gold prices to reach between $2,200 and $2,400 once the Fed starts to lower rates later this year. The People’s Bank of China bought more gold than any …

Chinese stocks slide as investors maintain caution after US inflation report
9 months, 1 week ago

Chinese stocks slide as investors maintain caution after US inflation report

Associated Press  

HONG KONG — China stocks were lower Wednesday after the overnight United States inflation report that signaled a diminished possibility of the Fed’s rate cut made investors cautious. Cathay Pacific Airways stock jumped 5.3% after it announced remarkable a 336% increase in operating profit in 2023, reaching 15.1 billion Hong Kong dollars and surpassing the previous record set in 2010. …

Domestic gold sales glow bright in 2023
10 months, 3 weeks ago

Domestic gold sales glow bright in 2023

China Daily  

A shopper tries on a gold bracelet at a jewelry shop in Chongqing. SUN KAIFANG/FOR CHINA DAILY China continues to lead global demand for gold jewelry and has secured the top spot in worldwide central bank gold purchases last year, making it an important force driving global consumption of the precious metal, said a report by the World Gold Council …

Global Gold Demand Slips 5% In 2023, China Leads With 17% Demand For Jewellery After Pandemic: WGC
10 months, 3 weeks ago

Global Gold Demand Slips 5% In 2023, China Leads With 17% Demand For Jewellery After Pandemic: WGC

ABP News  

Global gold demand reduced by 5 per cent in 2023, against the preceding year, owing to continuing Exchange-Traded Fund outflows, the World Gold Council revealed in its report. The report titled, ‘WGC’s Gold Demand Trends 2023’, found that global gold demand stood at 4,448.4 tonne in 2023, against 4,699 tonne in 2022. The report found that the global jewellery market …

China's 10 industries' outlooks for 2024
11 months, 2 weeks ago

China's 10 industries' outlooks for 2024

China Daily  

A customer admires gold jewelry at a boutique in Huzhou, Zhejiang province, on Dec 4, 2023. NI LIFANG/FOR CHINA DAILY Non-ferrous metals The macro-economic pressure led to a decline in the prosperity of the non-ferrous metals industry in 2023. With the macro-economic environment improving, market demand rising, and global monetary policies turning in 2024, the industry is expected to experience …

Demand for gold set to keep glittering
1 year, 1 month ago

Demand for gold set to keep glittering

China Daily  

A shopper tries on a gold bracelet at a jewelry shop in Chongqing. Demand for gold bars and coins in China surged to 82 metric tons in the third quarter despite soaring gold prices, marking a remarkable 66 percent surge on a quarter-to-quarter basis and a 16 percent year-on-year increase from the high base in the third quarter of 2022, …

India's Q3 gold demand up 10% at 210.2 tons; price to play key role in Dhanteras buying
1 year, 1 month ago

India's Q3 gold demand up 10% at 210.2 tons; price to play key role in Dhanteras buying

The Hindu  

Gold demand in India, the world's second-largest consumer of the yellow metal, rose 10% to 210.2 tonnes during the third quarter of this calendar year, aided by the softening of gold prices and festive demand, according to the World Gold Council. Releasing the quarterly gold demand report, the WGC said India's gold demand increased to 210.2 tonnes during the third …

Yellow metal bounces back as safe-haven investment
1 year, 7 months ago

Yellow metal bounces back as safe-haven investment

China Daily  

An employee sorts gold ornaments at a jewelry shop in Lianyungang, Jiangsu province. Mined gold output in China, the world's largest gold-consuming country, rose 1.9 percent to 84.97 tons from the same period a year earlier, as capacity returned to pre-COVID-19 levels, the China Gold Association said on Tuesday. Gold processed from imported raw materials rose 24.41 percent year-on-year to …

China's gold production back to pre-pandemic level
1 year, 7 months ago

China's gold production back to pre-pandemic level

China Daily  

Shoppers look at gold ornaments at a jewelry store in Beijing. China's gold production recovers to pre-pandemic level as demand for gold and jewelry jumps during the first quarter this year, said an industry association on Tuesday. China's gold output rose 6.92 percent in the first quarter of 2023 to 114.87 metric tons while mined gold output in the world's …

India's demand hits pre-pandemic levels; Q3 up 14% to 191.7 tonnes: World Gold Council
2 years, 1 month ago

India's demand hits pre-pandemic levels; Q3 up 14% to 191.7 tonnes: World Gold Council

The Hindu  

India's gold demand has reached pre-pandemic levels and has witnessed an annual growth of 14% during the July-September quarter at 191.7 tonnes mainly driven by strong consumer interest, according to a World Gold Council report. India's total gold demand in the third quarter of 2022 at 191.7 tonnes is a 14% increase over last year, which reflects better-than-expected performance and …

India’s gold demand dips as inflation hits rural buyers
2 years, 1 month ago

India’s gold demand dips as inflation hits rural buyers

Live Mint  

India's gold consumption in the months of October to December could fall by around a quarter from a year ago as inflation depresses rural demand, the World Gold Council said on Tuesday. In the December quarter, India's gold demand could fall to around 250 tonnes from 343.9 tonnes a year ago, Somasundaram said. The drop could bring down India's total …

Global gold ETFs register fourth consecutive month of outflows
2 years, 3 months ago

Global gold ETFs register fourth consecutive month of outflows

Live Mint  

NEW DELHI: Global gold exchange-traded funds recorded net outflows of 51 tonne, or worth $2.9 billion, in August, in line with price performance of the commodity, according to according to a World Gold Council report. Indian gold ETFs, on the other hand, witnessed minor net outflows during the month, as investors rotated into other asset classes such as equities and …

Inflation, price rise could dent India's gold demand in July-December: World Gold Council
2 years, 4 months ago

Inflation, price rise could dent India's gold demand in July-December: World Gold Council

The Hindu  

India's gold demand in the first half of 2022 jumped 42% from a year ago but consumption in the second half could be lower than last year as higher inflation erodes disposable income, the World Gold Council said on July 28. India's demand for gold jumped 43% from a year ago to 170.7 tonnes in the quarter through June as …

India's Q1 gold demand declines 18% to 135.5 tonnes amid higher prices: WGC
2 years, 7 months ago

India's Q1 gold demand declines 18% to 135.5 tonnes amid higher prices: WGC

The Hindu  

India's gold demand declined 18% to 135.5 tonnes in the first three months of this year, mainly due to a sharp rise in prices, according to the World Gold Council. "After rising to record levels in the fourth quarter of 2021, India's gold jewellery demand fell by 26% year-on-year in the first quarter of this year to 94 tonnes. Total …

June Quarter gold demand 4th lowest since 2000
3 years, 4 months ago

June Quarter gold demand 4th lowest since 2000

Deccan Chronicle  

Chennai: Gold saw the fourth lowest quarterly demand in the domestic market in the June quarter since 2000, while the half-year demand for the metal was below the 10-year average demand. A less stringent lockdown this time saw gold demand in the June quarter rising 19 per cent to 76.1 tonnes compared to 63.8 tonnes in the same quarter last …

Gold Prices Fall 1.2% On Monday, May Touch Rs 45,000 Per 10 gms In December
4 years ago

Gold Prices Fall 1.2% On Monday, May Touch Rs 45,000 Per 10 gms In December

ABP News  

New Delhi: The price of spot gold slipped 1.2% to $1,776 an ounce in the Global markets on Monday, making it a 6% fall in November, the biggest monthly decline since November 2016 due to some optimism over the Covid-19 vaccine. We anticipate gold touch Rs 45,000 per 10 gram in December,” Kumar Jain, President-Mumbai, Indian Bullion Jewellers Association told …

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