Gold Silver Reports (GSR) – Gold Prices Fall to 6 Week Low in India – Demand in India, the second biggest gold consumer after China, usually picks up towards the end of the year going into the wedding and festival season, when buying the metal is considered auspicious.
Gold Demand
Gold Futures Slide on Weak Global Cues – Gold Silver Reports
Gold Silver Reports (GSR) – At the Multi Commodity Exchange, gold prices for delivery in December was down by Rs 77, or 0.25 percent, to Rs 30,802 per 10 gram in a business turnover of 109 lots.
Gold Demand Usually Sees a Jump in Kerala During Onam – Gold Silver Reports
Demand for physical gold was modest in India this week as the top bullion consuming state of Kerala coped with floods, while interest for the metal remained lacklustre elsewhere in Asia as buyers awaited a dip in prices.
Gold and platinum aren’t so shiny anymore – Gold Silver Reports
Gold Silver Reports (GSR) – Analysts pin most of the blame on the dollar. Its unexpected strength this year has usurped the yellow metal as skittish investors’ preferred haven asset. Meanwhile, higher US interest rates also make gold less appealing, because it offers no yield.
India Gold Demand to Revive as Government Supports Farmers: WGC
Gold Silver Reports (GSR) – Investment gold demand fell 9 percent in the first half of 2018 from a year ago to 71.6 tonnes as the stock market was giving better returns than bullion, WGC said.
Barrick Gold Corp Reported a Sharp Drop in 2nd Quarter
Gold Silver Reports (GSR) – Barrick Gold Corp reported a sharp drop in second-quarter adjusted profit on Wednesday, reflecting lower gold sales, and maintained its full year production forecast to produce between 4.5 million and 5 million ounces of gold.
India’s Gold Imports Down 25% In First Quarter
Gold Silver Reports (GSR) – Gold imports had amounted to $11.26 billion in the corresponding quarter of last financial year. The imports of the metal have been declining since January this year. Contraction in gold imports help contain the current account deficit.