Somasundaram PR
Regional CEO, India World Gold CouncilThe blueprint for a gold spot exchange in India
On Friday 2nd August, the Blueprint for Gold Spot Exchange in India was released at the India International Gold Convention (IIGC) in Amritsar. The report was produced by the industry steering committee, which is comprised of 27 major stakeholders of the bullion industry – both global and domestic and is chaired by the World Gold Council.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilBrexit boost for UK gold-backed ETFs
The inhabitants of the UK are surrounded. There’s no escape. Brexit is everywhere you turn. News broadcasts, front pages, dinner conversations, everywhere. Over three years (and counting) since the result, Brexit uncertainty remains a persistent part of the UK way of life and at the forefront of investors’ minds.
Louise Street
Senior Markets Analyst World Gold CouncilGold Demand Trends webinar – listen back
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The definitive market source for gold demand data, our latest Gold Demand Trends report explains in detail the 8% rise in global demand in Q2.
Listen back to our lively and informative discussion of the key trends shaping gold demand in the second quarter...
Juan Carlos Artigas
Global Head of Research World Gold CouncilVideo: Mid Year Outlook - Economic trends and their impact on gold
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Looking ahead we expect two macroeconomic trends to play a key role; financial market uncertainty and accommodative monetary policy will likely support gold investment demand.
Madame Wu, Xiaoling
Chairwoman of the Board of the PBC School of Finance (PBCSF) Tsinghua UniversityDriving China’s gold market
Madame Wu Xiaoling, Chairwoman of the Board of the PBC School of Finance, Tsinghua University and former Deputy Governor of the People’s Bank of China, believes that gold has a crucial role to play in China’s continuing development and the internationalisation of the RMB.
World Gold Council
The experts on goldIn response to the ECB’s announcement that the Central Bank Gold Agreement won’t be renewed
Ray Jia
Research Head, China World Gold CouncilThe advancements in China’s gold buy-back market
Recycled gold is an important source of gold supply . In 2018, the volume of recycled gold reached 1,168t, accounting for over 25% of total supply globally. Recycled gold is also an important source of supply in China, amounting to 146t, or 20% of domestic supply in 2018. Recently, China’s recycled gold market has experienced some exciting developments which could improve the efficiency and transparency of the industry.
Mukesh Kumar
Former Senior Analyst, India World Gold CouncilHigher domestic price and monsoon dents Indian gold demand in June
Summary
- Indian gold imports were 62t in June 2019 – up slightly on the same month last year
- The domestic gold price was 6.1% higher in June as compared to end of May
- With higher domestic gold prices, the local discount in the gold market reached $23/oz (1.6% to the international price) by end of June
- Higher and relatively volatile prices encouraged gold futures trading on MCX: volumes touched a high of 28.2t in June
Isabelle Strauss-Kahn
Former Lead Financial Officer The World BankCentral banks return to gold
Intro: Central banks bought more gold in 2018 than at any time since the early 1970s – and the trend has continued this year. Isabelle Strauss-Kahn, Member of the Advisory Board of the World Gold Council, former Director of Market Operations at the Banque de France and former Lead Financial Officer at the World Bank, explains why.
John Reade
Senior Market Strategist, Europe and Asia World Gold Council2019 Central Bank Gold Reserves Survey signals more buying to come
Our Central Banks and Public Policy team have just published the results of the 2019 Central Bank Gold Reserves Survey. The survey gives a fascinating insight into the minds of central bankers and is especially timely since central banks continue to post record-breaking levs of net gold purchases in recent quarters.
Ray Jia
Research Head, China World Gold CouncilShanghai Gold Benchmark price hit record high in June
Summary
- Shanghai Gold Benchmark price hit 319.2 yuan/gram – highest level since its introduction in April 2016
- Au(T+D)’s trading volume in June reached second highest level on record – 2,062t
- The local gold premium rose sharply
- Imports continued to slide in May, dropping to 69t
- Gold withdrawals from Shanghai Gold Exchange (SGE) fell again last month
- PBOC added a further 10t to its reserves in June
Alistair Hewitt
Former Head of Market Intelligence World Gold CouncilComing soon: monthly blog posts on India and China
We will soon be launching two regular blog posts– monthly updates on India and China by Mukesh and Ray, our analysts in Mumbai and Shanghai. These monthly posts will provide a snapshot of the health of these two global heavyweights, which together account for around half of annual global consumer demand.
Mukesh Kumar
Former Senior Analyst, India World Gold CouncilIndia’s gold import duties rise
Summary
- On 6th July, India’s gold import duty increased from 10% to 12.5% as part of a revenue-raising budget
- We believe it will have a negligible long-term effect on gold demand
- We think it may be a temporary measure: when the government’s books are in better shape we may see some of these tax increases rolled back
- The market will be supported by other government initiatives, including the structural reforms such as the India Gold Spot Exchange and plans to boost rural incomes
Ray Jia
Research Head, China World Gold CouncilAu(T+D)'s trading volume: Hot in June
Having risen over 3% in May, the loco-China gold prices continued to soar in June. Au(T+D), the most liquid and margin-traded gold contract at Shanghai Gold Exchange, rose 8.71%, the best monthly performance in 3 years.