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Global gold exchange-traded fund ETFs registered 28t ($1.7b) of outflows in June. This was the second consecutive month of outflows, following the 53t that left these funds in May.
Physical gold demand improved slightly in India and discounts narrowed this week after prices eased, while concerns over fresh coronavirus outbreaks kept a leash on activity in China.
The World Gold Council’s latest Gold Demand Trends report reveals that gold demand (excluding OTC) in the second quarter was down 8% year-on-year to 948t.
The Dubai Gold & Commodities Exchange (DGCX) recorded a monthly Average Open Interest (AOI) of 134,154 contracts during the month of March, and registered trading volume with a total value of $15.74 billion. In response to further
This year however, the coronavirus pandemic is keeping traditional customers away from the 500-year-old gold market, a narrow lane lined by tiny shops under a vaulted roof. Amash says his business is down by half compared to the same
Union Budget 20-21 is likely to cut the import duty on gold from the current 12.5 per cent with a view to push exports of jewellery despite the reduction likely affecting the current
In the Indian futures market, the price of gold rose to a new high, while in the international market, it is at an almost seven-year high. Gold in India’s largest futures market,
Investors took a huge sigh of relief on Friday due to positive developments across the globe on Friday. Markets have swiftly reversed the sharp falls seen at the start of the week.
High domestic prices restrained physical gold demand in India this week, while uncertainty surrounding Taiwan-related developments prompted bullion importers in China to hold off on big purchases.
Spot gold rose 0.5% to $1,960.99 per ounce by 05:18 GMT, hitting its highest since Sept. 16 at $1,965.33. US gold futures gained 0.6% to $1,963.20 per ounce.