Page 58 - Gold Prices
With gold hitting Rs 40,000 mark, will jewellery stocks lose sheen?
Thus far in CY19, most gems and jewellery stocks have underperformed the market. Stocks such as Goenka Diamond & Jewels and PC Jeweller have slumped up to 61% as compared to 3% rise in the Sensex
 "With gold hitting Rs 40,000 mark, will jewellery stocks lose sheen?")
Jewellery sales surge as gold price declines 1.5% on easing trade tensions
The decline in gold prices in the domestic market was followed by a similar move globally on easing trade tensions between the US and China, albeit temporarily
 "Jewellery sales surge as gold price declines 1.5% on easing trade tensions")
Gold prices fall Rs 101 on rupee appreciation, global market sell-off
Silver also declined by Rs 29 to Rs 47,583 per kg from Rs 47,612 per kg
 "Gold prices fall Rs 101 on rupee appreciation, global market sell-off")
Gold retreats from one-month high ahead of Fed meeting
US gold futures fell 0.2% to $1,252
 "Gold retreats from one-month high ahead of Fed meeting")
Gold recovers on renewed buying, silver surges ahead of Fed outcome
Gold prices rose, aided by a weaker dollar ahead of a US Federal Reserve policy announcement
 "Gold recovers on renewed buying, silver surges ahead of Fed outcome")
Gold slips to 4-week low
The metal is highly sensitive to rising US rates, which boost the cost of holding non-yielding bullion relative to other assets
 "Gold slips to 4-week low")
Gold drops to lowest in nearly 7 weeks; stronger dollar, equities drag
US gold futures for December delivery shed 0.5% to $1,277.80
Myopic gold CEOs get a tongue-lashing from Randgold's Bristow
Similarly, severe damage has been done by high-grading, which shortens the life of a mine by focusing on the best quality ore
 "Myopic gold CEOs get a tongue-lashing from Randgold's Bristow")
Global gold demand surges 8% to three-year high as prices rally: WGC report
The world's appetite for gold was 2,182 tonnes over January-June, up from 2,021 tonnes in the same period of 2018, according to the WGC
 "Global gold demand surges 8% to three-year high as prices rally: WGC report")
Gold touches fresh all-time high of Rs 38,770 on jewellers' buying
Despite weak trend overseas, the precious metal gained in the domestic spot market mainly on increase in demand from jewellers
 "Gold touches fresh all-time high of Rs 38,770 on jewellers' buying")
Gold price surges 1.7% at Rs 37,848 amid global geo-political tensions
Rising tensions in West Asia, following the attack on Saudi Arabia's largest oilfield Aramco, has added fuel to fire with respect to gold
Gold rush ahead? Price may surge to Rs 42,000 by Dec-end, say analysts
The yellow metal is likely to continue to remain bullish till the end of the year mostly due to sustained Central bank buying, geo-political uncertainties
 "Gold rush ahead? Price may surge to Rs 42,000 by Dec-end, say analysts")
Prices, goods and services tax mar gold buying ahead of Akshaya Tritiya
The reasons for this are manifold: Gold prices this year are higher than last year, and the goods and services tax (GST) is an additional burden for consumers
 "Prices, goods and services tax mar gold buying ahead of Akshaya Tritiya")
High gold prices, soft jewellery demand weigh on Titan's Q2 performance
Topline was flat aided by higher gold prices amidst 14% fall in volumes, PBT was down 3.7%; stock could see some pressure
 "High gold prices, soft jewellery demand weigh on Titan's Q2 performance")
Gold demand dips 32% to 123.9 tonnes in Q3 on price rise, slowdown: Report
In domestic market, gold prices had peaked to Rs 39,011 per 10 grams in September and are now ruling at Rs 38,800 per 10 gram.
October gold imports dip 33% as near-record high prices lower sales: Report
New Delhi imported 38 tonnes of gold in October, down 33% from 57 tonnes a year ago
Problems of gold deposit schemes
Banks, ETFs, and jewellers can get into some arrangement, but regulation can hobble the process
 "Problems of gold deposit schemes")
Govt likely to soon bring gold amnesty scheme to unearth black money
The tax will have to be paid on entire value of gold declared by an individual that has been purchased without any receipt
Gold rallies Rs 220 to Rs 39,240 per 10 gram in Delhi-NCR on Dhanteras
Silver also witnessed buying as it rose Rs 670 to Rs 47,680 per kg from Rs 47,010 per kg in the previous trade
Slowdown impact: Gold, silver sales down by up to 40% this Dhanteras
Dhanteras was a muted affair in most markets across the country with traders complaining of lesser footfall and reduced consumer spending
 "Slowdown impact: Gold, silver sales down by up to 40% this Dhanteras")
