Tons of gold imports in UAE turn out to be fake

From Emirates 24/7, Dubai Sunday, August 15, 2010 http://www.emirates247.com/markets/gold/tons-of-gold-imports-turn-to-dus… Several tons of gold imported into the UAE by traders and investors turned out to be fake on closer inspection, resulting in millions of dirhams in losses and high levels of stress to the victims. Speaking to Emirates 24|7, Mohamad Shakarchi, managing director of Emirates Gold, [...]

Gold, Silver, Metal Prices: Commentary – 10/30/2009

GDP: Great Day to Play Good Day, Friday’s market sessions in precious metals started off on a tamer note, following the best gains in gold in three weeks. Explanations follow. The recapture of the $1045 area is noteworthy, although analysts we polled during the wee hours overseas are trying to define the move as everything [...]

Indian gold imports soar between August and September

New figures have revealed that Indian gold imports surged by 72 per cent between August and September as a result of higher demand ahead of the festival season. According to the Bombay Bullion Association, imports rose from 21.8 tonnes in August to 37.5 tonnes last month, the Economic Times reports.The news feeds on this site [...]

Nepalese gold investment ‘rising’

Investment in gold is on the rise in Nepal as it is regarded as a hedge against inflation, according to the president of the Nepal Gold and Silver Dealers Association. Speaking to My Republica, Ratna Shakya commented that gold imports to the country this year are expected to exceed the 5,000kg recorded in the 2008-09 [...]

Chinese gold imports rise

Chinese imports of gold rose to 112 tonnes last year, new figures have revealed. Speaking at the Gold Outlook 2009 event yesterday (October 22nd), Lila Lu of China Minsheng Bank said this increase was primarily down to a 176 per cent surge in investment demand and a 21 per cent rise in jewellery buying.The news [...]

Indian bank aiming to keep gold imports steady

A state-run Indian bank has revealed that it hopes to keep its total gold imports steady for the current financial year. Speaking to Reuters, general manager of Union Bank of India’s international banking division S Rajendren said the establishment is looking to maintain the figure of 40 tonnes of gold imports recorded for 2008.The news [...]

Indian gold imports up in September

New figures have revealed that Indian imports of gold increased in September compared with the previous month. Imports stood at between 35 and 40 tonnes last month, higher than August’s total of 22 tonnes, according to Bombay Bullion Association statistics reported by Reuters.The news feeds on this site are independently provided by Adfero Limited © [...]

India’s July gold imports fall by two thirds

High prices are blamed for denting demand for the yellow metal in its largest market Read more….

India July gold imports 8 t to 10 t so far – trade

Gold imports into India in the first 30 days of July were between 8 and 10 t against 24 t in all of July a year ago, the head of Bombay Bullion Association (BBA) said on Thursday. "The reason for the fall is the same – the prices are too high," Suresh Hundia, president of [...]

India’s Gold Imports: Back to 2001…?

New research says gold imports to India, the No.1 market, could halve in 2009… GOLD IMPORTS to India, the world’s largest consumer and importer of the yellow metal, could drastically fall to around 200 tonnes during 2009 if the current trend continues, says a bullion research note released by Commodity Online India Limited (COIL). “India managed to [...]

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