World Gold Council News - Latest Updates & Headlines
Gold ETF inflows in India soar 99 pc YoY in Feb
New Delhi, March 12: Investors in India continued to show strong interest in gold Exchange Traded Funds (Gold ETFs), with a net inflow of Rs 1,979.84 crore recorded in February, according to data from the Association of Mutual Funds in India (AMFI) on Wednesday.
Global gold ETFs saw continued inflows in February: World Gold Council
New Delhi, March 9: Global gold exchange-traded funds (ETFs) saw continued inflows during February as holdings across all regions grew, data made available by the World Gold Council (WGC) showed.
Continued geo-economic uncertainty is playing in favour of Gold: WGC
New Delhi, March 7: Continued uncertainty in the geo-economic situation indicates the trend of rising inflation, which goes in favour of gold, according to the World Gold Council (WGC).
Amid record gold prices, people selling old gold jewellery and booking profits: WGC
New Delhi, February 21: Retail buyers in India are opting to exchange old gold jewellery for new, rather than making fresh purchases, at a time when gold prices are skyrocketing, World Gold Council (WGC) said in its latest India gold market update.
India's forex reserves rise for 2nd consecutive week, gold reserves up
New Delhi, Feb 8: The forex reserves rose $1.05 billion to reach $630.607 billion for the week ended January 31, according to the Reserve Bank of India (RBI) data.
India's gold investments surge 60 pc to Rs 1.5 lakh crore in 2024: Report
New Delhi, Feb 5: Gold investments in India saw a significant surge in 2024 with a rise of 60 per cent in value terms to reach $18 billion (approximately Rs 1.5 lakh crore) compared to 2023, according to a report on Wednesday.
Buying by Central banks leads to record global gold demand; Jewellery demand down by 11 pc in 2024: WGC
New Delhi, February 5: The World Gold Council's Q4 and Full Year 2024 Gold Demand Trends report has revealed that total global gold demand, including over-the-counter (OTC) transactions, reached a record high of 4,974 tonnes in 2024.
Any increase in import duty in Budget may have adverse effect: World Gold Council
New Delhi, January 26: The government's decision last July to reduce import duties on gold has had a significantly positive impact on the industry, and any increase in tariffs in the upcoming Budget may have adverse effects, said the World Gold Council (WGC).
India's forex kitty at $634.59 billion, gold reserves rise by $824 million
Mumbai, Jan 10: : India's foreign exchange reserves fell by $5.7 billion to $634.59 billion for the week ended January 3, data released by the Reserve Bank of India (RBI) on Friday showed.
Stock market volatility boosts investments in gold ETFs in India: WGC
New Delhi, January 9: The stock market volatilities have boost the investments in the gold Exchange Traded Funds (ETFs) in India, as the country witnessed its eighth consecutive month of inflows into ETFs in December 2024, the world Gold Council (WGC) stated in its commentary.The trends for gold ETFs reflect rising investor interest in the metal as equity market volatility persisted.
RBI purchased another 8 tonnes of gold in Nov as safe-haven asset
Mumbai, Jan 7: The Reserve Bank of India (RBI) bought another eight tonnes of gold in November 2024 as Central banks around the world continued their buying spree with a collective purchase of 53 tonnes of the precious metal during the month, according to the latest World Gold Council (WGC) report.
India becomes second largest buyer of gold after Poland in 2024: World Gold Council
New Delhi, January 6: Global central banks remained active in the gold market in November 2024, collectively adding 53 tonnes of the precious metal to their reserves, according to the World Gold Council.