China central bank buying set stage for gold’s rally

Last week’s gold rush may have been triggered by bets on the US Federal Reserve‘s long-anticipated pivot to looser monetary policy, but the foundations for the record rally were laid in China. Prices breached Dec’s record on Tuesday and have jumped to successive daily highs ever since. The rally itself was peculiar: gold tends to … Read more

Gold jewellery demand up 17% in July-September quarter

Gold jewellery demand in India in the third quarter (July-September) of 2022 went up by 17% at 146.2 tonne as compared to 125.1 tonne registered in the year-ago period. The overall gold demand was up 14% in Q3 at 191.7 tonne, when compared with 168 tonne achieved in 2021. But total recycled gold in India … Read more

BSE readies to launch Electronic Gold Receipts to enable spot gold trade

Bombay Stock Exchange (BSE) is seeking regulatory approval to launch Electronic Gold Receipts (EGR) on it’s platform. Key points to note – EGR is consequent to announcement regarding spot gold exchange in this year’s budget. EGR would enable spot investing/ trading in gold that is allowed in many other countries. In India, presently one can … Read more