Tag - Flows

Entries feed

Monday, November 21 2016

When The Barrel Gets Low The Knife Drops

Gold heading West to East will leave London traders decapitated...

Continue reading...

Wednesday, November 16 2016

Gold imports jump over 2-fold to $3.5 bn in October

Arresting the eight-month fall, gold imports more than doubled to USD 3.5 billion in October on account of high festival demand.

Continue reading...

Tuesday, November 15 2016

Is India Seriously Considering A Gold Import Ban?

Local press in India reported Sunday that some observers believe a big step is coming in import policy. Potentially including a complete ban on new shipments of gold into the country.

Holders of "black money" small bills have apparently been trying to wash their cash by trading it for bullion. With reports suggesting gold sellers have been reaping big profits from this desperation -- charging up to 67% premiums to market price for gold when buyers pay in small bills.

As the IBJA explained, "We are aware that certain members of the trade are importing gold only to sell the same against old notes at a hefty premium. So, if the government wants to stop this malpractice it might consider a ban on imports."

Continue reading...

Demonetisation impact: $1 billion worth of gold imported so far since Nov 9

A day after Prime Minister Narendra Modi announced that Rs 500 and Rs 1,000 currency notes would cease to be legal tender from the midnight of November 8 – a move aimed at cracking down on the flow of black money – those in possession of unaccounted wealth were seen rushing to jewellers to buy gold. While these people were willing to pay huge premiums, jewellers were ready to accept old currency notes. The transactions took place on past-dated bills; even VAT was paid. As a result of this rush, there was a sudden spurt in demand for gold. According to market estimates, as much as $1 billion worth of gold, or around 30 tonnes, has been imported since November 9.

Continue reading...

Wednesday, November 9 2016

Trump Win Sends Gold to Busiest-Ever Trading Day as Volume Jumps

Donald Trump’s victory is also a win for gold brokers.

Gold had its heaviest-ever trading day as investors rushed to havens on concern Trump’s presidency will upend decades of U.S. economic and foreign policy. More than 780,000 futures changed hands by 2:30 p.m. in New York, surpassing the volume on June 24 after Britain decided to leave the European Union, based on data using the most-active Comex contract.

Continue reading...

Tuesday, November 8 2016

This Diwali, an ATM dispenses gold coins in Bengaluru

A unique automatic telling machine (ATM) has grabbed the attention of people in Bengaluru, as instead of dispensing money, it accepts money from users and dispenses gold coins in exchange.

It gives a customer multiple options to pay the amount. The user can either pay by cash or by credit or debit card. One can get gold coins weighing from one gram to 20 grams at market rates. While delivering gold coins, the machine delivers you a certificate of purity and genuineness.

Company representatives are satisfied with the response and are hopeful that these machines can be set up in other cities, given the success of this experiment in Bengaluru.

Continue reading...

Saturday, October 22 2016

India's Oct gold imports to hit 9-month high on festive demand

India's overseas purchases of gold likely hit a nine-month high in October, as a flip in domestic prices to a premium prompted banks and refiners to resume imports ahead of the festival season, industry officials told Reuters.

Jose expects India's October gold imports to reach 60-70 tonnes, the highest since January and more than double an estimated 30 tonnes in September.

Continue reading...

Swiss gold exports to China hit highest since January

Swiss gold exports to China hit their highest since January last month, Swiss customs data showed on Thursday, though a sharp drop in shipments to Hong Kong meant exports to Hong Kong and China combined were sharply lower year on year.

The United Kingdom remained the biggest recipient of Swiss gold exports for a seventh straight month, receiving 52.162 tonnes of bullion.

Switzerland exported 35.5 tonnes of gold to China in September, the data showed, 64 percent higher year-on-year and up from 19.884 tonnes the month before. But shipments to Hong Kong dropped to 11.537 tonnes from 59.76 tonnes a year earlier.

Exports to India rose to 27.592 tonnes from 22.971 tonnes.

Continue reading...

Tuesday, October 18 2016

China gold demand to stay firm at 900-1,000 tonnes in 2017

Demand for gold from top consumer China will remain strong at around 900-1,000 tonnes next year, near 2015 levels, although a weaker appetite for jewellery and slowing economy could curb purchases, an official of the World Gold Council said.

He also expects demand in 2016 to be at around 900-1,000 tonnes. China's gold demand reached 984.5 tonnes in 2015.

Continue reading...

Tuesday, October 11 2016

Gold imports decline by 59% during January-September

India's gold imports declined by 58.96 per cent to 270 tonnes from January to September from 658 tonnes that were shipped in during the corresponding period of last year, a research report said on Tuesday.

Continue reading...

Thursday, October 6 2016

Chinese Gold Imports From Hong Kong

China net imports 50.48 tonnes of gold from Hong Kong in August

Continue reading...

Perth Mint Coin Sales

Coin sales jump strongly in September

Continue reading...

Wednesday, October 5 2016

EuroStat Gold Imports & Exports

European gold imports/exports for July

Continue reading...

Silk Road: China, India, Russia & Turkey Gold Consumption

Silk Road demand for August was 195 tonnes

Continue reading...

Tuesday, October 4 2016

India Gold Imports

India imports 30 tonnes of gold in September

Continue reading...

India's gold imports drop for ninth straight month in September

Gold imports in September are estimated at 30 tonnes, down 43 percent from a year ago, GFMS data showed. Imports in the first nine months of 2016 slumped 59 percent from a year ago to 268.9 tonnes, according to GFMS.

Arrivals in 2016 are likely to fall more than 60 percent from a year ago to between 350 tonnes to 400 tonnes, the lowest level in two decades, according to Scotiabank.

Continue reading...

Saturday, October 1 2016

China gold imports from Hong Kong fall 15% in Aug to 7-month low

Chinese gold imports from Hong Kong totaled 51 mt in August, down 15% from 59 mt a year earlier, data released by the Hong Kong Customs and Statistics showed Wednesday.

However, Chinese gold imports this year continue to outperform 2015. Year-to-date, gold imports from Hong Kong total 555 mt, around 15% higher than 482 mt reported in the same period in 2015.

Continue reading...

Gold demand likely to fall to 750 ton in 2016 on high price

India's gold demand is likely to fall to around 750-800 tonnes in 2016, as against 860 tonnes last year, mainly due to sharp rise in prices and jewellers' strike following new regulations, World Gold Council has said.

Continue reading...

Wednesday, September 21 2016

Swiss gold exports down 7% on year to 160 mt in August, four-month low

The world's largest refiner and exporter of gold, total exports from Switzerland now stand at 1,197 mt for the year to date, up 3% from 1,160 mt in the same period of 2015.

In a marked change from the traditional flow of physical gold from west to east, the UK continues to be the largest destination for Switzerland's gold this year at 84.6 mt in August, up 6% from July.

Continue reading...

Friday, September 16 2016

Gold imports dip 77% to $1.11 bn in Aug

New Delhi, Aug 15 (PTI) Gold imports fell by 77.45 per cent to USD 1.11 billion in August due to sliding prices of the metal in both global and domestic markets.

As per the data, silver imports too dipped to USD 130.32 million in August as against USD 363.41 million in the same month last year.

Continue reading...

- page 3 of 20 -