Indian Gold Imports Almost Triple, demand rebounds after note ban

India’s gold jewellery demand is likely to increase 17 per cent in 2017 on a bounce-back after demonetization. India Ratings, in its latest study, forecasts India’s gold jewellery demand at 600 tonnes in 2017, which is equivalent to the last five years’ average. The World Gold Council (WGC) estimated India’s gold jewellery demand at 514 […]

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India mulls reviving colonial-era gold mines with $2 billion reserves

India is planning to revive a cluster of colonial-era gold mines – shut for 15 years but with an estimated $2.1 billion worth of deposits left – as the world’s second-largest importer of the metal looks for ways to cut its trade deficit, officials said. State-run Mineral Exploration Corp Ltd has started exploring the reserves […]

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