Gold on MCX settled down 0.64% at 29995 as the greenback regained some ground while traders continued to digest the recent rout in equities and the subsequent choppy movements in other markets.
silver Demand
Gold Prices Fall For a Third Straight Session
Gold Silver Reports — Gold Prices Fall For a Third Straight Session – Gold prices dropped for a third straight session on Thursday and hit a fresh four-week low, as investors liquidated their long positions on a firmer dollar, while expectations of more US rate hikes this year also weighed on the market.
India’s Gold Demand up 9% to 727 Tonnes in 2017, says WGC Report
Gold Silver Reports – India’s gold demand up 9% to 727 tonnes in 2017, says WGC report — India’s gold demand grew by 9.1% to 727 tonnes in 2017 due to low prices coinciding with Dhanteras, positive economic backdrop and improved consumer sentiment especially in rural areas, according to a World Gold Council (WGC) report.
ABS; Silver Sensitive to Shifts in industrial Demand
Gold Silver Reports – Movements in China industries are likely to drive global silver prices, according to Allocated Bullion Solutions(ABS).
Silver Demand India Has Increased, Gold Hungry India
Gold Silver Reports ~ Indian Silver demand has increased as per reports. An Economic Times article informs that the imports for 2015 is likely to be about 7,500 tonne. This marks a 10 per cent surge compared to the silver imports in 2014.