Monday, November 30th 04:29 PM

Commerzbank sees potential for China's 2015 gold imports from Hong Kong to top last year’s total despite a weaker October. ..Continue

Russian Gold reserves grow by 600000 ounces in October

  • The value of Russian gold reserves rose by 3.45% to $50.58 million in October as compared to $48.89 million recorded in September.

Azerbaijan Jan-Oct Gold output up 24% Y/Y

  • Azerbaijan's silver production in January-October 2015 totalled 92.1 kilograms, down 69% from a year earlier. Silver production during October totalled 17.4 kilograms.

India Oct Gold jewellery exports fall 20.7% to $834.1 mn: GJEPC

  • Gold jewellery exports were down 22.68% to $ 4.65 billion in the first seven months of FY 2016, while that of medallions & coins more than doubled to $ 2.72 billion in the same period.

India's Gold imports plunge 59.5% to $1.7 bn in Oct

  • The contraction in imports helped in narrowing the trade deficit to $ 9.76 billion in October, lowest since February. It was $6.85 billion in that month.

Russia's Gold, FX reserves fall to $366.1 billion

  • The value of Russian gold reserves rose by 2.5% to $48.89 million in September as compared to 47.68 million recorded in August.

Pakistan's Gold imports rise 83.89% in Q1 FY 2015-16: PBS

  • In terms of quantity, gold imports witnessed positive growth of 112.09% during the period under review. Overall 193 kilograms of gold was imported during the first quarter of the current fiscal year compared to the imports of 91 kilograms during last year, the data revealed.

Turkey finds mine with 100 tons of Gold in Soma

  • The discovery is located near the mining town of Soma in the western province of Manisa, known for its exploitation of lignite and the tragedy that killed 301 people in a mine of this mineral in May 2014.

Global Gold demand up 8% in Q3: WGC

  • Demand for gold jewellery, which makes up more than 60% of total gold demand, was up 6% in the third quarter to 631.9 tons-- it's highest level for that quarter since 2008.

India launches three Gold-related schemes

  • The monetisation scheme will offer option to resident Indians to deposit their precious metal and earn an interest of up to 2.5%; while under the Sovereign Gold Bonds Scheme, investors can earn an interest rate of 2.75% per annum by buying paper bonds.
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