2013 April 12

Gold sales surge 6% in 2012: WGC

Gold sales registered a six per cent growth in 2012 despite spurt in the precious metal’s prices in recent years, a top official of the World Gold Council said today. The total sales volumes of gold for 2012 stood at Rs 2.47 lakh crore and total quantity of gold sold

read more

Gold Plunges On Strong Dollar, Fed Minutes

Gold futures settled sharply lower Wednesday, as the dollar strengthened after the Federal Open Market Committee policy meet minutes showed views divided over the duration of bond purchases. Gold was also impacted after Goldman Sachs cut its price forecast for the precious metal for 2013 and 2014. Gold also came

read more

Won’t sell conflict gold to India: Dubai

Indian gold importers can heave a sigh of relief. Dubai, one of the major sources from where India buys gold, has assured that Indian authorities it will not export "conflict gold" to India. Conflict gold is gold illegally mined by rebel outfits in Africa and sold clandestinely to buyers across

read more