China's Jan-Sept gold consumption jumps 48% to 814 t

China's gold consumption soared 48.4% on year over January-September to reach 813.6 tonnes, with notable rises recorded in all main usage sectors including jewellery, gold bar and coin and industrial applications, according to the quarterly report of the China Gold Association (CGA) published last w

China’s H1 gold consumption soars 69% to 547 tonnes

China’s gold consumption for all uses swelled by 69.2% on year to 547.05 tonnes over January-June, mainly supported by fast recovering demand for gold for jewellery, and from the gold bar and coin sectors, according to the quarterly report by the China Gold Association (CGA) on August 3. The country

WGC: World gold supply surplus soars to 958 t in 2020

The surplus of gold in the global market jumped to 957.8 tonnes during 2020, as against 419.6 tonnes in 2019, as demand for the precious metal was severely impacted by the COVID-19 pandemic and by the rise in gold prices, according to the latest data from the World Gold Council

China’s 2020 domestic gold supply deficit plunges by 27%

China’s domestic gold supply deficit fell by 26.8% on year to 455.6 tonnes in 2020, reflecting last year’s decline in consumption which was notably steeper than the fall in production, Mysteel Global calculated from China Gold Association (CGA) data published on February 1.

India: NMDC, MECL signed joint exploration of minerals

NMDC Limited, India’s largest iron ore producing Navratna Company, today signed an MoU (Memorandum of Understanding) with Mineral Exploration Corporation Limited (MECL) to collaborate and conduct exploration in mutually agreed projects for iron ore, gold, coal, diamond and other minerals in various

Investors eye Indian gold bonds as metal price off climax

Indian gold investors are eyeing the Reserve Bank of India’s latest tranche of sovereign gold bond offering as an entry point for making fresh purchases in the precious metal, which has pulled back a bit after hitting a record high in the first week of this month.

China’s H1 gold supply deficit narrows on lower demand

China’s domestic gold supply deficit plunged by 55.3% on year to 153.2 tonnes over January-June, mainly because of a faster decline in consumption during the pandemic, Mysteel Global calculated basing on the latest data from the China Gold Association (CGA) on July 28.

Indian Gold prices hit new highs, crosses Rs 50,000/10 gm

Indian spot gold prices charted a fresh record high of Rs 50,070/10 gram on Wednesday, tracking international prices that have risen on expectations of monetary stimulus packages in the US and Europe.

Gold smuggling returns to haunt key consumer India

Record high prices have nudged up gold smuggling in key consumer India, and chances are that this will rise further in coming weeks with neighbour Bangladesh abolishing a customs duty.

WGC: World’s gold supply in Q1 at 28.9 tonnes deficit

The world’s gold supply declined from a surplus of 33.6 tonnes during January-March last year to a 28.9 tonnes deficit over this year’s first quarter, mainly due to the surge in investment demand, according to the latest data from the World Gold Council (WGC) on April 30.