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Date: 24-Mar-2017:



USDINR opened at 65.51 and closed at 65.41 on Metropolitan Stock Exchange of India In India.


Monday, May 23, 2011

The World Gold Council Report Released

The World Gold Council report released on Friday comes as the biggest producers sound warnings that any major pullback in the metal’s price could jeopardise the primary supply of gold.

The council, an association of gold producers that endeavours to encourage gold usage, said in its report that demand had climbed 11% year on year to 981,3 tons, with much of that increase coming from investment in the physical metal in the form of coins and bars.

"We believe that suitable conditions remain in place to ensure that investment demand will maintain its solid growth path in the coming quarters," the council said.

Buying of gold bars and coins shot up 52% year on year to 366 tons, representing a virtual doubling in value to $16bn. This was driven by lower gold prices in January, high inflation in some countries, worries about economic stability in the euro zone and tension in the Middle East and North Africa, it said.

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