India, the world’s largest consumer of gold, imports around 800-900 tons of gold annually.
Author: BullionStreet Top Story
India FY15 Gold imports climb 19.5% to $34.32 bn
Increase in gold imports impacts the country’s trade deficit, which has reached $137 billion in 2014-15, and the current account deficit.
India FY15 Gold imports climb 19.5% to $34.32 bn
Increase in gold imports impacts the country’s trade deficit, which has reached $137 billion in 2014-15, and the current account deficit.
US Silver production declines to 84,400 Kg in February
United States silver production declined by 5% month-on-month to 84,400 kilograms during February and slightly down from a year earlier. Country produced 89,300 kilograms of silver in January this year.
What are the two factors which hurt Gold now?
The gold market is suffering on two fronts, said Barclays, which is helping prices remain at a six-week low.
China’s retail Jewellery sales climb 19.3% in Mar
During January to March period this year, China’s retail jewellery sales grew to RMB81.9 billion ($13.2 billion), an increase of 3.6% from a year earlier.
Mexico Gold, Silver output advance in Feb: INEGI
Mexico’s gold output also rose 14% to 7,640 kilograms in February as against the production of 6,700 kilograms in the same month last year.
Mexico Gold, Silver output advance in Feb: INEGI
Mexico’s gold output also rose 14% to 7,640 kilograms in February as against the production of 6,700 kilograms in the same month last year.
Agnico Eagle Mines reports a record quarterly Gold production in Q1
Agnico Eagle Mines has reported record quarterly gold production of 404,210 ounces at all-in sustaining costs of $804 per ounce.
Goldcorp revenue declines sharply in Q1
The company produced 724,800 ounces of gold in the first quarter 2015 compared to 679,900 ounces in the same quarter last year.