15 October 2011
12:35 IST
Festive season to boost India gold buying
Jewellers and stockists bought ahead of Diwali; Delhi spot gold closed the week at Rs 27,120 per ten grams and silver at Rs 53,800 the kilogram.
Between October 2011 and March 2016 this desk filed 5,357 dated dispatches on gold, silver, platinum and the mines that produce them, through the run at $1,900, the 2013 collapse, and India’s attempt to legislate its way out of a current-account deficit.
15 October 2011
12:35 IST
Jewellers and stockists bought ahead of Diwali; Delhi spot gold closed the week at Rs 27,120 per ten grams and silver at Rs 53,800 the kilogram.
9 February 2012
18:10 IST
The sealed Padmanabhaswamy vaults were to be inventoried under court supervision, against a valuation nobody had been able to test.
14 May 2012
11:53 IST
A labour-nationalisation ruling emptied the souks faster than the price did: hundreds of small workshops could not replace expatriate goldsmiths.
5 October 2012
15:16 IST
Ninety-three tonnes shipped to Moscow for safekeeping in 1916, and the claim Bucharest has never dropped.
9 July 2012
12:39 IST
How much gold and silver the electronics industry actually consumes in a year, set beside jewellery.
17 August 2012
13:35 IST
The Gdańsk company that took deposits against gold-backed returns went into liquidation, never having held the metal its contracts implied.
20 June 2013
12:34 IST
Silver ions disable bacterial respiration and destabilise the cell envelope, the mechanism behind wound dressings and antimicrobial coatings.
Why the date is the record
A bullion price is only information if you know the day it was quoted. Every dispatch here keeps its original date and its original wording, so a figure filed in 2013 stays a 2013 figure instead of drifting quietly into the present. That is the whole difference between an archive and a summary of one.
The most durable claim in this archive is not a price forecast. It is a quantity: how much of each metal the electronics industry consumes in a year. Set beside jewellery, investment and the official sector, it shows why silver behaves as an industrial metal as much as a monetary one, and why a gold price and a silver price can move apart for reasons that have nothing to do with inflation.
Total 4,298 tonnes. The central-bank and electronics figures are the archive’s own reporting; the jewellery and investment totals are the World Gold Council’s full-year 2012 numbers, quoted here for the same year so the four bands are comparable. 2012 figures, not current demand.
The dispatches assume you already know how a bullion price is set, which contract a quote refers to, and what an Indian retail price contains. These pages do not assume any of it.
The value of a precious metals news archive is not that it once published quickly. It is that specific claims were made on specific dates, at addresses that can still be checked. That is why the twenty-two dispatches restored here keep their original headline, their original slug, their original numeric identifier and their original publication date, and carry the context and the depth a two-hundred-word wire item never had.
The reporting in this precious metals news archive concentrated where the physical market actually is. India, the largest gold market in the world for most of the period, accounts for the single densest cluster: the duty rises of 2012 and 2013, the 80:20 rule, the Reserve Bank’s attempts to push savers toward paper gold, and the smuggling response that every one of those measures produced. China appears mainly through its exchanges, and the Shanghai Gold Exchange’s repeated margin increases are a better record of how fast that market grew than any volume series from the period.
Silver runs through the archive as two different stories that share a price. One is monetary, tracked through the gold-silver ratio and investor positioning. The other is industrial and medical: the antimicrobial mechanism, the electronics offtake, the photographic decline. The single most durable page on this domain is about the second story, not the first, which is a reasonable summary of what a bullion news archive is worth twelve years later.
Around all of it sits the reference layer. It exists because almost every dispatch in the archive quietly assumes four things: that you know a London benchmark is set by auction rather than by a committee, that you know which exchange and which contract a quoted figure belongs to, that you know an Indian retail quote is a stack of four separate charges, and that you know a central bank buying gold is not the same transaction as an investor buying gold. Those four assumptions now have pages of their own, and every restored dispatch links to whichever of them it leans on.
Everything here is dated, and dated visibly. Prices appear only inside the dispatches and inside Charts & Data, always next to the day they were quoted, and never in the site furniture, because a figure repeated on every page is a figure that has stopped being true without anyone noticing. What remains is a precious metals news archive that says clearly what it knew, and exactly when.
It is the recovered record of a precious-metals trade news desk that filed 5,357 dispatches on gold, silver, platinum and the mines that produce them between 2011 and 2016. Twenty-two of those dispatches, the ones that carry a checkable figure and have aged into something worth consulting, are restored in full at their original addresses, with their original headlines and publication dates. Around them sits a reference layer that explains the machinery the dispatches assume you already know.
No, and they are not presented as if they were. Every figure on the site is dated and sits next to the date it was published. A bullion price from 2013 is a historical record, not a quotation, and the site deliberately carries no live ticker: a price strip that silently froze would undermine the one thing this archive is good for, which is knowing exactly when a number was true.
Because the headline is how a dispatch was cited. Reference works and encyclopaedia citation templates quote the wording as filed, next to the publisher name and the date, and several of these pages are cited that way. Rewriting a headline to read better in a search result would break every one of those citations, so the archived wording is frozen exactly as filed, including its original punctuation and capitalisation.
Start with how gold is priced, which covers the London auction and what a benchmark actually fixes, then contract specifications for the exchange mechanics. If your interest is India specifically, which is where a large part of this archive's reporting sits, go to India's gold import regime and the dispatch on how an Indian retail gold price is built.