World Gold Council
According to P. R. Somasunda-ram, Managing Director, India, World Gold Council, the trade had enough stocks in the run up to the festive season. Hence the imports were lower during the previous months as well as in October.
Gold imports surge 78 per cent in November
04 Dec 2019 1:33 AM

The country imported 71 tonnes of gold in November, compared with 40 tonnes in October, reports quoting government officials said.

Rally in gold prices made customers postpone their purchases. Gold prices breached the Rs 35,000/10g level in mid-July and continued to climb to Rs 38,795/10g by the end of August.
Annual gold demand set to dip
06 Nov 2019 2:09 AM

At the end of June quarter, WGC had projected the annual demand to be in the range of 750 to 850 tonnes.

Over the next six to twelve months, financial market uncertainty and accommodative monetary policy are likely to support gold investment demand. (Representional Image)
Gold may move up in H2: World Gold Council
12 Jul 2019 1:12 AM

Over the next 6 to 12 months, financial market uncertainty and accommodative monetary policy are likely to support gold investment demand.

The RBI started purchasing gold in small quantities from December 2017 after a gap of eight years. In November 2009, it had bought 200 tonnes from the IMF.
Buys 5.6 tonnes gold in April
09 Jul 2019 1:38 AM

The RBI started purchasing gold in small quantities from December 2017 after a gap of eight years.

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