Chinese gold imports from Hong Kong totaled 51 mt in August, down 15% from 59 mt a year earlier, data released by the Hong Kong Customs and Statistics showed Wednesday. The figure is down around 45% from 91 mt reported in July and is the ...
Tags: gold imports, gold price
China will test a new policy that aims to make the import and export of gold a lot easier, according to a statement jointly issued by the People's Bank of China and the General Administration of Customs. The new policy, set to be tested ...
Tags: Gold Imports, Gold
The World Gold Council reported that gold jewelry demand by weight rose 1 percent year on year to 566.9 tonnes in the fourth quarter of 2014, while the value of gold jewelry demand slipped 5 percent to $22.2 billion. Gold jewelry demand for ...
Tags: Gold Jewelry, Jewelry
The Chinese mainland's gold purchases from Hong Kong in 2015 may hold around this year's levels as physical demand in the world's biggest consumer remains stable and the country considers easing restrictions on imports. Net imports ...
Tags: Yellow Metal
Turkey's gold imports hit a new record high in 2013 because of the ongoing gold-for-gas trade with Iran and the slump of the gold price in the year. Turkey imported 302.3 tons of gold in the past year, data from Borsa Istanbul indicated a ...
Tags: Gold Imports, Mineral
Entire jewellery industry of India is highly upset with the government's recent measures to curb import of gold to contain the Current Account Deficit (CAD) as it (the industry) has already started feeling the impact of condensed supply of ...
The Hyderabad Jewellery, Pearl and Gem Fair (HJF), organized between 7th & 9th June, 2013 by UBM India ended with a satisfactory success note as expected. As we had mentioned two weeks back here that the prices of the gold in June still ...
The sudden fall in gold prices recently has proved to be a boon to the jewellers as consumers pan India went on buying spree and as a result jewellery sales saw a huge increase of 40 to 50%, as we normally see during Akshay Tritiya and Dhan ...
Tags: Apparel, Jewellery Industry, Accessories
Chinese gold imports are likely to swell further after more than doubling to a record high in March, as retail consumers pounced when prices plunged to a two-year low last month. China is the world's second-largest buyer after India, and ...
Tags: Mineral, Gold, Physical demand
It may be encouraging news for the Indian government that India’s gold demand during calendar year 2012 went down by 12% at 864.2 tonnes on year-on-year (y-o-y) basis, though the second half (July-December) saw demand going up by 23% ...
Tags: gold demand, WGC, GJEPC Ventures, B2C Jewellery Shows
The so called ‘unfavorable policies’ of the Indian government and persistent ‘ill-health’ of the US economy have started showing the signs which may not be welcomed by Indian jewellery industry. Thomson Reuters GFMS ...
Tags: Tough Time, India, Jewellery Traders
In a desperate move to restrict imports of gold, the Indian Government and Reserve Bank of India (RBI) are planning to further increase import duty on gold from prevailing 4% to 6%. It had quadrupled the gold import duty from 1% to 4% last ...
Tags: Government, India, Jewellery Industry
Mr P Chidambaram the Union Finance Minister has expressed optimism that the Indian economy will continue to grow at a healthy rate even as the global economies face recession. He said that this is because our economy has strong fundamentals ...
Tags: Indian economy, global economies, savings rate, India