News Muncher - category wgc

1 week, 3 days ago

WGC sees modest demand for gold in 2025, central bank demand crucial

MUMBAI: After a sizzling growth both in terms of demand as well as in prices, which had crossed the USD 2750 mark this week, mostly led by huge demand from central banks and the safe-haven nature of the metal from an investor’s perspective in the years gone by, gold demand is seen moderating in 2025. According to the World Gold …

Central Bank Demand Crucial

2 weeks, 5 days ago

India tops global gold purchases, adds 27 tonnes to the reserves

Live Mint

Gold buying by central banks surged to 60 tonnes in October, mainly led by the Reserve Bank of India which added 27 tonnes of the precious metal to its reserves, the World Gold Council said on Thursday. India added 27 tonnes of gold in October, bringing its total gold purchases to 77 tonnes from January to October, according WGC data …

India Data Gold Bank Rbi Tonnes Total

4 weeks ago

Gold glitter makes Indian households $400 billion richer in one year

Deccan Chronicle

Chennai: With gold glittering as the best asset class in a world fraught with uncertainties, India emerged as one of the foremost beneficiaries to a stupendous rise in the yellow metal’s price in the last nine months. We have around 700 temples which own gold, including ones like Sri Padmanabhaswamy temple in Thiruvananthapuram, Tirupati Tirumala temple, Vaishno Devi temple and …

India Stocks Gold Stock Crore Tonnes Lakh

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.

Finance China Jewelry Economics Hangzhou

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 …

China Jewelry Gold Gold Prices Wang Gold Bars Tons

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 …

China Gold Prices Gold Prices High Wang Quarter

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.

Finance Economy China Jewelry Hangzhou

1 month, 3 weeks ago

Gold Prices Soar as Festive Season Fuels Upward Trend

The Hindu

Gold prices have been on an upward trajectory in recent weeks, with the spot price of gold reaching a record high of $2,758.37 per ounce. This surge is attributed to a combination of factors, including the ongoing geopolitical tensions and economic uncertainty, the safe haven characteristic of gold, and the peak demand coinciding with the festive season in India.

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.

Law Finance Economy Investment

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 …

Global China Market Investment Gold Demand Chinese

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 …

Global China Market Investment Gold Demand Gold Market

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 …

Global China Market Investment Gold Demand Chinese

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 …

China Investment Gold Second Demand Quarter Half

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 …

China Investment Gold Second Demand Quarter Half

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 …

India Gold Prices Report High Period Demand

6 months, 3 weeks ago

Gold demand in India expected to be 700-800 tonnes in 2024: WGC India CEO Jain

Live Mint

NEW DELHI : Gold remains a favoured hedge, with demand not shrinking despite prices shooting up. The demand for gold in India in 2024 is likely to be similar to last year, Sachin Jain, the chief executive, World Gold Council, said in an interview. If there is more consistency in prices, we foresee the demand to touch around 800 tonnes," …

India Gold Prices Gold Prices Demand Tonnes Wgc

10 months, 1 week ago

Gold demand in India may hit 900 tonnes this year

Live Mint

The demand for gold in India, which has been in the range of 700-800 tonnes annually since 2019, is expected to increase to 800-900 tonnes in the calendar year 2024 on the back of robust economic growth and higher income, Somasundaram P.R., managing director at the World Gold Council, told Mint. However, a pick up in the purchase of gold …

India Indian Gold Prices High Banks Tonnes Wgc

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 China Jewelry 2023 Tons Wgc Gold Jewelry

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 …

Global India China Gold Bank Central Banks Report

11 months ago

India has more gold reserves than Saudi Arabia, UK; check full list

Hindustan Times

The United States has emerged as the country with largest gold reserves in the world, as estimated by the World Gold Council. India has gold reserves measuring 2,191.53 tonnes, valued at $ 131,795 million as per the WGC list The US has gold reserves measuring 8,133.46 tonnes as per the WGC list, valued at $489,133 million. India has gold reserves …

India Russia Gold Saudi Arabia Countries List Value

1 year ago

Elections in major economies to support gold's performance: WGC

Deccan Chronicle

Chennai: Heightened geopolitical tensions in key elections in many major economies, combined with continued central bank buying could provide additional support for gold in 2024, finds the World Gold Council. The Fed’s policy can determine the gold’s performance from a muted one to a 10 per cent gain. And in a year with major elections taking place globally, including in …

Gold Cent Fed Performance Wgc

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, …

China Jewelry Gold Central Banks Demand Wang Quarter

1 year, 1 month ago

Will gold continue to shine? Depends on what India does this festive season

Firstpost

Gold prices near record highs could dampen demand in India during the peak festival season and lead to the lowest purchase volumes in three years, the World Gold Council said on Tuesday Gold prices near record highs could dampen demand in India during the peak festival season and lead to the lowest purchase volumes in three years, the World Gold …

India Gold Diwali Prices Gold Prices Demand Three Years

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 …

Dhanteras Gold Prices Price Gold Prices Demand Quarter

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Articles for Wgc

WGC sees modest demand for gold in 2025, central bank demand crucial

India tops global gold purchases, adds 27 tonnes to the reserves

Gold glitter makes Indian households $400 billion richer in one year

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

Gold prices may rise further in '25

Gold prices may rise further in '25

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

Gold Prices Soar as Festive Season Fuels Upward Trend

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

China's role in gold market to grow: WGC

China's role in gold market to grow: WGC

China's role in gold market to grow: WGC

Nation's appetite for gold investment up in Q2

Nation's appetite for gold investment up in Q2

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

Gold demand in India expected to be 700-800 tonnes in 2024: WGC India CEO Jain

Gold demand in India may hit 900 tonnes this year

Domestic gold sales glow bright in 2023

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

India has more gold reserves than Saudi Arabia, UK; check full list

Elections in major economies to support gold's performance: WGC

Demand for gold set to keep glittering

Will gold continue to shine? Depends on what India does this festive season

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