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 World Gold Council. This is the highest ever recorded since its 2019 annual survey. The 2024 Central Banks Gold Reserves (CBGR) […]

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The IIJS Tritiya promotion team launched a door-to-door outreach campaign in Dubai’s Gold Souq, marking a pivotal step towards strengthening the relationships of Indian jewellery manufacturers in Dubai, one of the world’s most dynamic jewellery hubs. The Dubai Gold Jewellery Group has also extended its support, pledging to disseminate information on IIJS Tritiya among its […]

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The World Gold Council (WGC) launched the country’s first Self-Regulatory Organisation (SRO) for the gold industry to promote the Swarna Adarsh Abhiyan (SAA) as an umbrella brand of industry’s best practices. The professionally-run SRO will build on the work of the SAA initiative – devising code of conduct for every industry vertical, providing certification for […]

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Although most of the precious metals sector has trended lower in recent months, gold has held up well. It and the other, weaker components of precious metals got a boost on Monday when China retaliated with tariffs of its own. There has been little follow-through since. This begs the question, will a trade war lead […]

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MUMBAI/BENGALURU – Gold demand jumped this week in India due to increased retail purchases for a key festival and weddings on price corrections, while premiums in China eased as buying slowed in the world’s top consumer. Gold futures in India fell to 31,240 rupees per 10 grams last week, the lowest in more than four […]

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India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves. The Reserve Bank of India’s purchases is part of a wider picture across developing economies that are looking at de-dollarizing […]

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Gold prices steadied on Monday after falling to a near four-month low in the previous session, with the dollar gaining in the wake of indications that US economic growth picked up in the first quarter. Spot gold was up 0.1 percent at $1,275.80 per ounce as of 0111 GMT, having touched $1,270.63 in the previous […]

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Ahead of the Herd has been digging into why central banks are buying a lot of gold recently. What we’ve found is eyebrow-raising, to say the least. It may be the best reason you’ve ever read for wanting to buy gold. Take this headline from the Northern Miner: “Editorial: Central banks are major gold buyers […]

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Gold prices slipped on Monday as equity markets gained and the dollar steadied ahead of a US Federal Reserve policy meeting later this week. Fundamentals Spot gold was down about 0.2 per cent at $1,299.15 per ounce by 0113 GMT. US gold futures fell 0.3 per cent to $1,299.10 an ounce. Spot palladium dipped 0.8 […]

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