Latest News for: Gold consumers

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India slashes base import price of palm oil, gold: Report

Hindustan Times 03 Oct 2022
India is the world's biggest importer of edible oils and silver and the second-biggest consumer of gold ... are in $ per tonne, except for gold and silver.
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India’s platinum imports jump to a record high as gold refiners take advantage of tax change

Mining Dot Com 03 Oct 2022
In July New Delhi raised the import duty on gold to 15% but kept the tax on platinum imports unchanged at 10.75% ... “The rule was framed when platinum prices were higher than gold ... India is the world’s second-biggest consumer of gold and relies on imports to fulfill most of its requirements.
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Gold rate today: Yellow metal gains some strength; silver tops Rs 57,000 on MCX

The Times of India 03 Oct 2022
Gold prices edged higher on Monday on the back of softer dollar, despite rate hike fears worldwide, following their aggressive monetary policies, capping gains in bullion ... Gold futures on MCX ... Gold Rates - Spot & Futures (.995 purity) ... India, the world's second-biggest consumer of gold, slashed the base import prices of the metal on Friday.
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India's platinum imports jump to record high as refiners take advantage of tax change

Reuters 03 Oct 2022
In July New Delhi raised import duty on gold to 15% but kept the tax on platinum imports unchanged at 10.75 %.Register now for FREE unlimited access to Reuters.com ... India is the world's second biggest consumer of gold and relies on the imports to fulfil most of its requirement.
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Just top 20% of consumer driving demand as majority yet to recover from pandemic hit: Report 

Financial Express 03 Oct 2022
Citing an in-house UBS survey (conducted in August among 1,500 higher-income consumers) results, she says more than half of the respondents have bought gold/jewellery as planned or more in the past three months and more than half of them planning to invest in properties and buying cars/two-wheelers over the next two years.
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Pound jumps on UK tax cut reversal, oil swings higher

Khaleejtimes 03 Oct 2022
Outside Japan, stocks fell around Asia ... ALSO READ ... Gold prices inch up, but rate hike fears limit gains ... The Reserve Bank of Australia meets on Tuesday, with markets widely expecting another 50 basis point rate hike while Japan's consumer price index is likely to show another pick up in inflation. Spot gold was up 0.27 per cent to $1,664.0900 an ounce.
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London gold dealer runs out of bullion as Truss budget shocks

Mining Dot Com 02 Oct 2022
The interest rate and inflation crisis is global, but gold is saying that the UK has put itself right in the eye of the storm.”. Still, Britain’s gold bugs are unlikely to have much impact on global prices. UK consumers bought 15.5 tons in bars and coins last year, just over 1% of the global total, according to the World Gold Council.
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Just top 20% of consumer driving demand as majority yet to recover from pandemic hit

Deccan Chronicle 02 Oct 2022
Citing an in-house UBS survey (conducted in August among 1,500 higher-income consumers) results, she says more than half of the respondents have bought gold/ jewellery as planned or more in the past three months and more than half of them planning to invest in properties and buying cars/two-wheelers over the next two years.
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India slashes base import price of palm oil, gold

Reuters 01 Oct 2022
India is the world's biggest importer of edible oils and silver and the second-biggest consumer of gold.Register now for FREE unlimited access to Reuters.com ... Gold 533 549 ... in $ per tonne, except for gold and silver.
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Bitcoin's climate damage profiles closer to gasoline than gold

The Jerusalem Post 01 Oct 2022
The future sustainability of Bitcoin’s (BTC) has been cast into doubt as a new study examines its impact on the climate, comparing it more closely to energy-intensive “digital crude” rather than environmentally friendly “digital gold.” .
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FIFA 23 Review

IGN Insider 01 Oct 2022
Yet it’s also an entry that feels both propped up and consumed by its Ragnarok status, begrudgingly pulling down a ruby-red final curtain as the football game genre descends into a maelstrom of chaos ... 7 ... A Premium Gold Pack costs 150 FIFA Points and contains 12 gold-rated players or consumables that can be used in-game or sold on the transfer market.
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Gold firms as dollar softens, but rate-hike fears limit gains

The Times of India 30 Sep 2022
Gold prices edged higher on Monday on a softer dollar, although central banks worldwide retained their aggressive monetary policies to tackle soaring inflation, limiting gains for safe-haven bullion ... * India, the world's second-biggest consumer of gold, slashed the base import prices of the metal on Friday.
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Instead of buying, should you short Gold this Diwali?

The Times of India 30 Sep 2022
Gold prices have remained under pressure in both International and domestic markets lately. Despite the much-buzzed festive season in India, the second largest consumer of the yellow metal, prices have remained subdued ... Gold is losing its shine and status as a tool to evade the tough times amid the rate hikes and recession buzz.
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PARCOS' 1st EVER MEGA SALE – PARCOS GOLD RUSH FROM 2ND TO 6TH OCTOBER 2022

The Eastern Herald 30 Sep 2022
To add to one’s beauty goodies basket, Parcos will also offer exclusive limited–time secret deals on four specially selected Bestsellers on each of the Parcos Gold Rush days, from 2nd to 6th October ... The Bolt is an icon that connects with the consumers, used to signify the gold rush sale without explicitly mentioning it all the time.
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Gold rate today: Yellow metal posts mild gains; silver holds Rs 56,000 on MCX

The Times of India 30 Sep 2022
Gold futures on MCX ... Gold Rates - Spot & Futures (.995 purity) ... Gold Future Price ... Gold premiums in top consumer China climbed last week, helped by strong demand for bullion, while prices in India traded at a discount for the first time in four weeks due to an uptick in domestic rates ... US gold futures rose 0.3 per cent to $1,673.10.

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