Global gold demand in Q1 falls 8% to 948.4 tonnes

Global gold demand has seen a year-on-year decline of 8 per cent during the April-June period to 948.4 tonnes and going ahead further monetary tightening and continued dollar strength may pose......

Hike in import duty on gold may fuel smuggling

The government has hiked gold import duty to 15 per cent from 10.75 per cent to check the current account deficit (CAD) and rising import of the yellow metal. Illustration: Dominic......

India's gold demand to rise by 15% in Q4 2013 to up to 300 ton

India's gold demand is likely to increase by over 15 per cent during the last quarter of this year to up to 300 tonne from last year on account of good monsoon and 20 per cent more auspicious days......

RBI move to ease gold import norms to up offcial supplies: WGC

Welcoming the Reserve Bank's decision on easing the 20:80 gold import norms, the World Gold Council on Thursday said this will help in increasing the official supplies. "This is expected to......