Tag: World Gold Council
9 Results
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Better internet penetration driving online jewellery sales in India: World Gold Council
Online jewellery sales in India have seen rapid growth over the past few years, largely driven by demand from millennials amid growing internet penetration, World Gold Council said. Most online sales, it said, are driven by consumers aged between 18 and 45 and while online jewellery purchases have risen, the average ticket size has, however, remained between 5 and 10 grams.
September 29, 2022 -
Global gold demand flat in Apr-June quarter at 955.1 tonne: WGC
Going forward, the WGC estimates jewellery demand in the range of 1,600 to 1,800 tonne for the year, well above 2020 levels but below its five-year average.
July 29, 2021 -
Govt extends hallmarking deadline
His association represents about three lakh industry stakeholders. Gem and Jewellery Council vice-chairman Saiyam Mehra pointed to Covid-19 related travel restrictions that have worsened hallmarking logistics.
May 26, 2021 -
Global gold demand in Apr-June falls 11 pc to 1,015.7 tonne; gold-backed ETFs see record inflows
The total investment demand increased significantly by 98 per cent to 582.9 tonne during the quarter, compared to 295 tonne in the same quarter of 2019.
July 30, 2020 -
Spot exchange for gold will benefit trade: WGC
With the Indian government pushing for transparency in governance and having an appetite for reform, it is time for introduction of spot exchange for gold, the World Gold Council (WGC) said on Thursday. The WGC is a market development organisation for the gold industry. In a report “A gold spot exchange for India: Delivering structural …
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September 28, 2017 -
GST’s impact will be disruptive, but positive: World Gold Council
With the Goods and Service Tax (GST) Council deciding to put gold under 3 per cent tax bracket, World Gold Council (WGC) sees the impact to be "disruptive" with change in consumer behaviour in the coming days. But the net impact is expected to be positive, it said. "We see consumer behaviour changing in response …
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June 8, 2017 -
Indian gold purchases seen muted in 2017 as currency ban hurts
Indians' love for gold ornaments may take a temporary dip this year as the potential customers wrestle with a reduced currency float and jewellers grapple with an impending new tax legislation that may hurt demand, the World Gold Council said in two reports. Prime Minister Narendra Modi introduced the demonetisation of the 1,000-rupee and the …
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January 24, 2017 -
‘Note ban impact on gold buying will wane after budget’
India's demonetisation drive has impacted gold demand in the short term but buying is showing signs of revival and post the presentation of the national budget on February 1, the market will be back to normal, says the India chief of World Gold Council. "In November and December (during the demonetisation drive) certainly there was …
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January 24, 2017 -
Demonetisation may affect gold demand in short term: WGC
India's demonetisation decision is likely to affect gold demand in the short term, a World Gold Council (WGC) outlook report released on Friday stated. "In India, the government's decision to remove large denomination rupee notes took around 86 per cent of India's circulating cash out of its economy," according to the Outlook 2017 – Global …
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January 13, 2017