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IMPACT OF LOCKDOWN ON GOLD
China's zero-Covid policy hits India's diamond exportsThe China lockdown and Beijing’s zero-Covid policy have started to impact India’s exports of cut and polished diamonds, which fell for the ...- India gold demand rises 30% in first half of 2021“The second quarter of 2021 was marked by widespread regional lockdowns following the rise in Covid infections. Unlike the previous year, w...
- Gold import jumps to $6.3 billion in AprilSilver imports during the month, however, dipped by 88.53 per cent to about $11.9 million.
- Akshaya Tritiya begins on sombre note; jewellers expect 10-15% salesAll-India Gems & Jewellery Domestic Council (GJC) chairman Ashish Pethe said, jewellers are expecting only 10-15 per cent sales this Akshay...
- Muthoot MD shines a light on how gold loan business works, with Covid as a backdropWe do not give finance on gold bars, coins, bullions etc. We only give loans against household ornaments. Ornaments also have a 15% to 20% ...
- Maharashtra: Lockdown to impact jewellery sales on Gudi PadwaAmid a massive surge in Covid-19 cases in the state, Maharashtra government on Sunday imposed complete lockdown next weekend from 8 pm on F...
- Titan Q1 results: Revenue declines 62% due to Covid-19 led disruptionThe maker of watches, jewellery and eyewear reported a loss of Rs 270 crore, as costs remained fixed but revenues were impacted by impositi...
- Titan, Minda & TTK among 10 firms from 10 sectors telling you where Covid hurt them the mostMost companies are clueless about how the endemic disrupted their markets and businesses.
- Gold’s allure to remain ‘feeble’ in India until SeptemberConsumption in the world’s second-biggest user came crashing down in the first quarter.
- Gold dips as investors opt for dollar on 'second wave' fearsUS gold futures fell 0.9 per cent to $1,697.80 per ounce.
- Ind-Ra sees jewellery sales declining 25 pc in FY21Jewellery demand, which is primarily driven by marriage season and a couple of festivals in the first quarter, has been significantly washe...
- Rush for gold loans seen as Indians seek refuge from slowdownIndians may borrow more against their stash of gold as the world’s biggest lockdown raises financial stress .
- India's Jan-Mar gold demand falls 36% due to volatile prices, economic uncertainties: WGCJewellery demand and gold investment demand also declined in the first quarter.
- Gold falls to near 1-week low, gains in equities weighUS gold futures dipped 0.5 per cent to $1,715.40.
- Covid-19 outbreak ahead of Akshaya Tritiya is credit negative for gold jewellery retail industry: ICRAThe lockdown has resulted in closure of retail stores across the country.
- Asia Gold: Coronavirus lockdowns stall action at top hubs, choke supplyMarket activity was stalled in top gold consumer China, which was trying to prevent a second wave of infections.
- Gold will have a good run in next few years: PR SomasundaramExpect recycling of gold to jump significantly, says MD-India, World Gold Council.
- Green shoots of recovery wither due to Covid: CLSAJapanese brokerage firm Nomura also sees the lockdown impacting growth recovery.
- Gold eases, but eyes biggest weekly gain since 2008Spot gold fell 0.5% to $1,620.81 per ounce as of 11:42 a.m. EDT (1542 GMT). U.S. gold futures were 1.7% lower at $1,623.30 per ounce.
- Gold rate drops amid rush for cashGold futures were down 0.73 per cent or Rs 307 to Rs 40,952 per 10 grams.
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