Gold prices could go up 12.5 per cent and touch $1,800 per ounce in the second half of 2012, according to the Thomson Reuters GFMS Gold Survey, released in Beijing on Tuesday. Improved investment sentiment for gold will help drive prices up, said the survey. Presently, gold is trading at $1,600.
Around Diwali, the premiums had gone up to as much as 3.5 per cent.
Traders have used this as an opportunity to stock up silver.
Reversal is because of strengthening rupee, subdued demand, and lack of reasons for bulls to continue positions and speculation of reduction in import duty.
In India 24-carat gold is used mostly in coins and bars
Geopolitical climate and equity markets as supportive for gold's role as a risk hedge.
Good monsoon, farm loan waiver -- the two key reasons behind more customers in jewellery shops
Duty changes in the Budget make refining unviable.
In the past two years, investors in gold have lost money.
The gold market has remained under pressure.
Round-tipping creates the opportunity for exporters to source funds at a much cheaper cost, which they divert to some other business.
India's gold holding in forex reserves rose to 560.3 tonnes by the end of March 2018.
The Modi government's decision to demonetise Rs 500 and Rs 1,000 banknotes will drive up interest in the bullion market
Veterans recall they haven't seen gold falling for 3 years in a row.
The rise was due to a sharp fall in prices, which spurred demand.
Marriage season will end in the next two months and import growth is likely to taper off
Gold import in the December quarter is estimated to come down.
Irrespective of the global movement, gold prices in India are nearing the level of Rs 34,000 per 10 grams in the physical markets.
Those selling ornaments with lower purity might now offer hefty discounts in order to get rid of non-hallmarked stocks
While an import duty is ruled out, a small excise duty on jewellery manufacturing can be on the cards.
By December 2015, the total imports will touch 1000 tonnes.
Gold import this financial year is estimated at 945 tonnes.
In the second half of April, the discount on gold came down to $3 an ounce.
Recent recovery in the white metal was reflected in a falling gold to silver price ratio.
Report says gold being exported by persons of Indian origin and routed through Dubai
Levy in India one of the highest in the world; finance minister urges banks to tell customers not to invest in the metal.
BSE proposes two models for making gold trading and investment transparent
The price of gold in India seems to have bottomed out.
The high import duty on gold, local taxes and restrictions on imports are leading to a rise in smuggling of the commodity into the country.
Barclays estimates $1,900 an oz this year; analysts say ultra-low interest rates in advanced economies to ensure demand keeps rising.
November IIP data show a fall of over 20%, led by automobiles, gems & jewellery and home appliances; turnaround seen as unlikely.
Silver is emerging as a stronger bet for the long-term.
Imports in 2016 expected to be lowest in 7 years but experts don't rule out a revival in demand if the yellow metal's price falls
The correlation between crop yield and expenditure on gold is positive.
Chinese gold demand slid to a four-year low of 866 tonnes.
Non-resident Indians are bringing gold into the country by taking advantage of rules that allow each individual to carry 1 kg of the metal, helping traders cope with restrictions on imports during the peak wedding season.
In the past 18 months, the department of revenue intelligence has seized 50 containers of cigarettes, valued at nearly Rs 200 crore
India's jewellery consumption in Sept quarter increases 5% to 193 tonnes.
Exports of gold jewellery fell 23.13 per cent to $1153 million.
Silver prices have fallen by eight per cent in 2015 to Rs 34,290 a kg.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances