Indian Traders Hit by Switch from Diamonds to Gold
Seventy Indian diamond traders are reported to have closed their Hong Kong offices in the last six months, as Chinese customers shun diamonds in favor of gold jewelry as an investment.
A slump in sales...
India’s Q2 Gold Jewellery Demand Declines Amid High Prices
India has witnessed a notable decrease in gold jewellery demand in the second quarter of 2024, according to the World Gold Council (WGC). India’s Q2 gold jewellery demand fell by 17% to 106.5 tonnes,...
World Gold Council Study: US Elections Drive Gold Demand and Price Fluctuations
The World Gold Council’s latest report, titled “Ballots to Bullion: Examining the US Election’s Effect on Gold,” delves into the relationship between US presidential elections and gold prices. Historically, gold has often been viewed...
LBMA & WGC Advocate for Reclassifying Gold as High-Quality Liquid Asset Under Basel III
Last week, delegates from the London Bullion Market Association (LBMA) including Paul Fisher, Ruth Crowell, David Gornall, and Edel Tully, joined Mike Oswin of the World Gold Council (WGC) in Basel for a meeting...
Sanctioned Alrosa Buys a Gold Mine
Sanctioned Russian diamond miner Alrosa has concluded the purchase of a gold mine in the far east of the country and will invest $276m developing it.
The move comes seven months after the G7 and...
Central Bank Gold Demand Expected To Rise In 2025: Survey
More than eight in ten (81%) of respondents have indicated that they expect reserve managers will continue to increase their gold holdings in the next 12 months, according to new data released by the...
Jewelry Business “Sold Fake Gold Nuggets”
A jewelry business in Alaska, USA, sold fake gold nuggets to undercover investigators posing as customers, according to the state's attorney general.
Salespeople at Soni Inc, repeatedly told investigators the "gold nuggets" were remarkably pure...
Sea Candy Kaleidoscope Pendant by Drutis Jewellery
9 ct yellow gold pendant, semi precious and precious stones inside, sea themed engravings filled with cold multicoloured enamel, mother of pearl sides. Opening mechanism on the hoop of the kaleidoscope to detach and...
Passenger Caught with $84,000 of Gold Inside Body
A passenger at an airport in India was caught with almost 1kg (2.2lbs) of gold, most of it concealed inside their body.
They were intercepted at Bir Tikendrajit International Airport, Imphal, in the northeastern state...
Global Gold Demand Stays Strong, Supporting Record-High Prices: World Gold Council
The World Gold Council’s Q1 2024 Gold Demand Trends report reveals that total global gold demand (inclusive of OTC purchases) was up 3% year-on-year to 1,238 tonnes, marking the strongest first quarter since 2016....
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