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India's March gold imports surge 471% to a record 160 T

India's March gold imports surge 471% to a record 160 T
bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.

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March gold imports go up 471% to record 160 tonnes as price correction draws buyers

March gold imports go up 471% to record 160 tonnes as price correction draws buyers
India s gold imports in April could fall below 100 tonnes as jewellers fear government could impose lockdown to arrest rising coronavirus infections, the dealer said
Reuters | April 2, 2021 | Updated 09:47 IST
India s gold imports in March surged 471% from a year earlier to a record 160 tonnes, a government source told Reuters on Thursday, as a reduction in import taxes and a correction in prices from record highs drew retail buyers and jewellers. Higher imports by the world s second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly 17% from an all-time high of $2,072 in August 2020. ....

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March gold imports go up 471% to record 160 tonnes as price correction draws buyers

March gold imports go up 471% to record 160 tonnes as price correction draws buyers
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

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Gold prices: Low gold prices spark flurry of activity in India

NEW DELHI: Physical gold demand in India gained momentum this week as retail buyers and jewellers lapped up bullion at near eight-month low prices, while Singapore continued to see steady interest for both gold and silver.
Gold futures in India were trading around Rs 46,000 per 10 grams, not far from the eight-month trough of Rs 45,861 touched last week.
Consumers are quite comfortable with current price level. There is good demand for jewellery from retail buyers, said Harshad Ajmera, the proprietor of JJ Gold House, a wholesaler in the city of Kolkata.
He added the Rs 50,000-mark is a psychological price barrier for Indian consumers. ....

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Asia Gold-Low prices spark flurry of activity in India

Chinese net gold imports via Hong Kong fall in January
Indian jewellers aggressively building inventory- dealer
Feb 26 (Reuters) - Physical gold demand in India gained momentum this week as retail buyers and jewellers lapped up bullion at near eight-month low prices, while Singapore continued to see steady interest for both gold and silver.
Gold futures in India were trading around 46,000 rupees per 10 grams, not far from the eight-month trough of 45,861 rupees touched last week.
“Consumers are quite comfortable with current price level. There is good demand for jewellery from retail buyers,” said Harshad Ajmera, the proprietor of JJ Gold House, a wholesaler in the city of Kolkata. ....

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