Gold prices softened by 0.12 percent to Rs. 29,784 per 10 grams at the futures trade as participants lowered their bets due to a weak trend overseas. At the Multi Commodity Exchange, gold for delivered on far-month February 2018 fell Rs. 36 or 0.12 percent to Rs. 29,784 per 10 grams in a business turnover of 75 lots. Likewise, the yellow […]

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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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