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India

Asian gold buying to the bulls’ rescue

The mood of bullishness evident since the start of the year continued yesterday, with the FTSE All-World Index equity index reaching its highest level since May 2011. Copper and crude oil rocketed higher yesterday morning, with the red metal reaching a three-month high and oil up on news of Saudi production cutbacks in December. Precious ...

2013-JAN-11 · The GoldMoney News Desk

Indian government to hike gold import tariffs – again

As if last year's new regulations from the Indian government had not caused enough turmoil at the local gold markets, tomorrow the Ministry of Finance and the Reserve Bank of India (RBI) will be publishing new regulations aimed at raising gold import taxes to 6%. Gold dealers are appalled at these new measures and argue that the ...

2013-JAN-08 · Roman Baudzus

Gold demand increasing in the Subcontinent

The Nepalese gold price keeps rushing from one record high to another – its latest record at over 155,000 Nepalese rupees per ounce. Demand for the yellow metal is skyrocketing in the country, though an increasing number of traders are said to be illegally using gold to pay for imports from neighbouring India, given the weakness in ...

2012-NOV-29 · Roman Baudzus

Understanding Asian gold demand

There is growing awareness that gold is accumulating in Asia. Indians have for a long time been the largest buyers of gold and have a tradition of giving gold as gifts at auspicious times. This gold is mostly classified as jewellery in the statistics, and it is assumed by Westerners that a rising gold price will dampen demand from this ...

2012-NOV-18 · Alasdair Macleod

Third-time lucky for gold at $1,800?

Another Monday, and the start of another quarter. We are also heading into the Indian festival season, which is often a period of strength for precious metals prices. Over the last decade, the gold price has on average performed best during Q4. Right now though, the metal is struggling to clear resistance at $1,780. Though some of ...

2012-OCT-01 · The GoldMoney News Desk

Indian gold loans on the rise again

Loans backed by physical gold appear to be increasing again in India, as shown by quarterly data and statements from the management of Muthoot Finance, one of the biggest lenders in the country’s non-bank sector. This past spring India's central bank tightened regulations affecting firms in the growing non-bank financial sector. ...

2012-SEP-06 · Roman Baudzus

Asian gold demand key price determinant

Which country has the most economic influence on the gold market – the United States or India? To the seasoned gold investor, this question might be too easy. But to the more recent gold follower, this is an important economic question to think about. At first glance, it would be reasonable to assume that America probably has ...

2012-AUG-09 · Gabriel M. Mueller

Nepalese currency under pressure

Gold priced in Nepalese rupees hit a new record high per troy ounce earlier this month, at 56,000 Nepalese rupees per tola. After neighbouring India recently announced a rise in its gold import taxes from 2 to 4%, the Nepalese government had no choice but to raise its own gold import taxes in response, in order to avoid smuggling ...

2012-MAY-14 · Roman Baudzus


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