Since gold is considered a safe haven, during choppy markets, the demand for gold improves, normally. Emerging markets, led by India and China–the biggest consuming markets–make up 70% of consumer demand for the metal.
Gold Jewellery
This Dhanteras, are You Buying Gold Jewellery, Bonds or ETFs?
Gold Silver Reports (GSR) – In the next three months, gold is expected to be around ₹32,000, said Naveen Mathur, director, commodities and currencies, Anand Rathi Share and Stock Brokers. “The events of the past few months like rupee depreciation have now been taken into account and it will now remain stable at these levels. I don’t think it has too much strength for price moving upwards significantly,” he said.
GOLD ALERT : Government Announces Gold Bond Scheme: Important Dates, Eligibility And Other Details
The government on Monday said it would issue gold bonds every month from October to February next year. The issuance of gold bonds will be under the SGB or Sovereign Gold Bonds scheme 2018-19, the Ministry of Finance said in a statement.
Sales of Indian Gold Jewellery Drop in the Gulf
Indian Gold Jewellery — The ongoing blockade of Qatar by its neighbouring nations has raised concern among Indian jewellers who have operations in the Gulf Cooperation Council countries. Jewellers said sales dropped in the region because buyers from Qatar, who are known to prefer high value items, are absent from the market.
India to Slap 12.5% Countervailing Duty on Imports; Gold Jewellery
Gold Silver Reports ~ India is, apparently, on a spree of imposing import duty on various commodities from steel to other metals and as reports suggest the trend may get extended to gold imports.