Gold Silver Reports (GSR) – Gold Price Seen ‘Moving North’ as World Fails to Replace Output — “Gold has a much higher probability of moving north as opposed to south,” Letwin said in an interview at a mining conference in Hong Kong on Thursday. “I’ve been around a long time; when you’re in an industry that’s not replacing what it produces, eventually, the price has to move up.”
World Gold Council
GST Could Dampen India Gold Demand in Short Term – WGC
Gold Silver Reports — A hike in taxes on gold sales in India could pressure short-term demand from the world’s No.2 consumer of the metal, the World Gold Council (WGC) said in a report.
India’s Working With World Gold Council to Create a Spot Exchange
Gold Silver Reports — The World Gold Council is working with the Indian government on plans to create a local physical spot-gold exchange that may start up as soon as next year.
Jewellery Demand to Remain Robust and Grow at 3%-5% in 2016
Gold Silver Reports – The Report for Indian jewellery retailers in FY17 is likely to be stable on robust domestic demand but exporters may face headwinds, according to rating firm Ind-Ra.
Indians Buy Gold Worth $267 Billion
Gold Silver Reports → At a time when foreigners were investing in Indian equities, Indians were boosting their Gold purchases. The gold greedy Indians bought yellow metal worth $267 billion (Rs. 18 lakh crore at 68 rupees per US dollar) over the last 10 years.
World Gold Council Indicate Improving Fundamentals For Gold
Gold Silver Reports → The fundamental picture according to the data released by the World Gold Council continues to indicate improving fundamentals for Gold.
Global Demand Kick off in 2015
Gold Silver Reports – Worldwide demand for gold dipped 0.3% on the year to 4,212 tons in 2015, with overall demand for use in jewelry sinking 3% to 2,415 tons, the World Gold Council reported Thursday.