Total jewellery demand in India for 2022 was down by 2% to 600.4 tonnes as compared to 610.9 tonnes in 2021, it noted. The value of Indian gold jewellery demand in 2022 was up by 4% to ₹272,810 crores, from 2021 (₹261,150 crores). Total gold imported in India in 2022 was 673.3 tonnes as compared […]

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ICRA expects these regulatory measures to continue to accelerate the formalization of the sector, and the market shares of organized players are accordingly expected to increase. ICRA has a stable outlook on gold jewellery retail industry. Following a strong 9% volume growth in FY18, gold jewellery demand has been subdued in the current year. Jewellery […]

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Gold demand in India remained sluggish this week as local prices jumped to their highest level in nearly three months and a rally in global prices of the precious metal dampened fresh buying elsewhere in Asia. “Demand is still weak. From the next week demand could improve due to festivals,” said Harshad Ajmera, the proprietor […]

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The Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, has received approval from the capital markets regulator Securities and Exchange Board of India (SEBI) to launch options contract in gold. While MCX has so far not made an official statement, the news was widely reported in the business press based on information received […]

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The World Gold Council (WGC) has released its gold demand trends for Q2 2017 noting a weak demand for gold jewellery in the UK. According to the report, gold jewellery demand was down by 4% across Europe, stipulating that demand was “particularly anaemic” in the UK, where prolonged uncertainty over Brexit deterred anxious consumers. In […]

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