Press releases
News
Launch of the AAOIFI Shari’ah Standard on Gold, developed in collaboration with the World Gold Council
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and the World Gold Council are delighted to announce the issuance of ‘Shari’ah Standard No. 57 on Gold and its Trading Controls (“the Standard”). The Standard deals with the Shari’ah rulings for gold in its various forms and categories, the Shari’ah parameters for gold transactions and the rulings for gold-based financial products in institutions.
Exchange-traded products continue to drive gold demand in the third quarter of 2016
Global gold demand reached 993 tonnes (t) in the third quarter of 2016, a fall of 10% compared to the same period last year, according to the World Gold Council’s latest Gold Demand Trends report. Net inflows into Exchange-traded products (ETPs) helped drive a sharp increase in investment demand, but this was not enough to offset falls in other areas, notably jewellery and purchases by central banks.
Research indicates Indian consumer’s preference for the Indian Gold Coin
Indian Gold Coin currently available at select branches of four Indian banks – Indian Overseas Bank, Federal Bank, Vijaya Bank and Yes Bank
World Gold Council appoints Joseph Cavatoni as Managing Director, USA and ETFs
The World Gold Council, the market development organization for the gold industry, today announced that it has appointed Joseph Cavatoni, Managing Director USA and ETFs, who joins from Blackrock.
Near record high in H1 demand driven by western investors
Global gold demand reached 2,335 tonnes (t) in the first half of 2016 with investment reaching record H1 levels, 16% higher than the previous record in H1 2009, according to the World Gold Council’s latest Gold Demand Trends report.
