The biggest weekly slump in the global gold price led Beijing's gold stores to cut their prices for the first time this year. The price in Beijing declined by 10 yuan ($1.5) per gram on Sunday. This was the first cut, following six earlier ...
Tags: Gold, Gold Prices
The India International Jewellery Show (IIJS), which took place in Mumbai this week, reflected a cautious local diamond and jewelry trade, even if sentiment was better than expected. Suppliers arrived with low expectations as a month-long ...
Tags: IIJS, Mumbai, diamond and jewelry trade, GJEPC, GST
Global gold demand totaled 1,290 mt in the first quarter, up 21% from 1,070 mt a year earlier, as the biggest quarterly inflow into exchange-traded funds since 2009 offset a steep decline in jewelry demand, the World Gold Council said in a ...
Tags: gold demand, gold
The gold industry is not doing enough to combat debt and rising losses and not investing enough in exploration, Randgold CEO Mark Bristow said Tuesday. "A number of major companies in the industry today are simply not viable," Bristow ...
Tags: gold industry, Mines
China's become the largest gold producer in the worldwide since 2007. Gold is throughout the country, mainly concentrated in Shandong, Henan, Jiangxi, Fujian, Yunnan, etc. China also is the world's top consumer of gold - Chinese people love ...
Tags: gold, Gold prices
The U.S. consumer price index (CPI) for jewelry dropped 3.5 percent year on year to 165.6 points in March, which was basically unchanged from February. Comparatively, the CPI for watches was basically flat, or up 0.2 percent year on year, ...
The Shanghai Gold Exchange will try to start offering the renminbi-denominated gold-fixing price this year, as an alternative to the dollar-denominated gold-fixing in London, a top bourse official said on Wednesday. SGE head Xu Luode said ...
Tags: Shanghai Gold Exchange, Gold Price
Gold jewelry demand cooled in China in 2014, in sharp contrast to the frenzied off take in 2013, and plunged 33 percent year-on-year to 624 metric tons, according to data published by the World Gold Council on Thursday India displaced ...
Tags: Gold jewelry, Gold
Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as U.S. equities weakened and the dollar fell. The most active gold contract for April delivery rose 6.9 U.S. dollars, or 0.56 percent, to settle at ...
Tags: Gold futures, Physical demand
The U.S. consumer price index (CPI) for jewelry dropped 5.1 percent year on year to 161.75 points in December, which was about 4 points lower than November's reading and the lowest since July 2010. The average jewelry CPI for 2014 slipped 4 ...
The U.S. consumer price index (CPI) for jewelry declined 5 percent year on year to 166 points in November and the reading slipped about 5 points from October's index. Jewelry price inflation often reflects heavy promotional activity at the ...
Tags: Jewelry, Jewelry price
Gold demand dropped in China during the third quarter of the year to a five-year low amid slumping prices and a nationwide anti-graft campaign, the World Gold Council said on Thursday. According to the WGC, the latest trends put China ...
Tags: Gold demand, Gold Products
This year will likely be a year of consolidation for gold and silver prices, with the gold price possibly going as low as $1,100/oz, precious metals consultancy Metals Focus said Wednesday. "Following a poor 2013, this year's start ...
Tags: Gold Prices, Silver Prices, silver mine
Gold prices are expected to build on its recent gains this week, as concerns over China's economy and the crisis in Ukraine will keep pushing the precious metal up, say 84% of the experts interviewed in the latest Kitco Gold Survey. From ...
Tags: Gold Prices, precious metal
Gold futures on the COMEX division of the New York Mercantile Exchange fell Monday ahead of the Federal Reserve's policy meeting that begins Tuesday. The most active gold contract for February delivery fell 0.9 U. S. dollar, or 0.07 ...
Tags: COMEX, Federal Reserve, Commerce Department, Platinum