Reducing duty on gold can be good for industry & economy: PR SomasundaramWhile Q4 was a positive story in terms of gold demand, the doom and gloom is expected to continue into 202, says MD-India, World Gold Counc...
28 Jan, 2021, 07.00 PM IST
India's gold demand set to rebound in 2021 as economy expands, says World Gold CouncilHigher purchases by the world's second-biggest bullion consumer could support gold prices, which hit a record high last year, although that...
28 Jan, 2021, 10.43 AM IST
India gold demand set to climb as buyers unleash pent-up demandSome of the weddings and festive buying that had been postponed because of the pandemic will come back in 2021, and this pent-up demand wil...
15 Jan, 2021, 08.16 PM IST
India's 2020 gold demand may hit 26-year low as prices rally: WGCLocal gold futures have jumped 35% so far this year after rising a quarter in 2019.
30 Jul, 2020, 11.22 AM IST
Gold prices hit due to massive liquidation across asset classesPR Somasundaram of World Gold Council says while the general correlation between stocks and gold is negative, there seems to be an exceptio...
20 Mar, 2020, 12.42 PM IST
- Gold prices a headwind for consumer, but demand to stay firm: PR Somasundaram
World Gold Council’s India MD says a lot of factors are favouring gold price rally, it is not just this news about coronavirus.
25 Feb, 2020, 04.23 PM IST
Yellow metal may take grey route by year endFlow of recycled gold likely to rise 15 per cent this year on high prices and rural distress
02 Aug, 2019, 10.49 AM IST
India's 2019 gold demand forecast at 750-850 T: WGCIndian demand has averaged 838 tonnes over the last 10 years.
31 Jan, 2019, 01.20 PM IST
World Gold Council warns India against curbs on gold importsGovernment is considering ways to cut "non-necessary" imports to stem an outflow of dollars.
19 Sep, 2018, 11.31 AM IST
Gold Q1 imports down 50% due to down-stocking by traders: WGCThe net imports in 2017 stood at 888 tonnes and 558 tonne in 2016.
03 May, 2018, 08.09 PM IST
India gold demand to remain at 650-750 tonnes in 2017The gold demand in the country had stood at 674 tonnes in 2016.
23 May, 2017, 06.53 PM IST
Good monsoon expected to drive demand for gold this year“The monsoon has been good. We are looking at a healthy growth, which will be double digits, with rural India being the key driver,” said S...
30 Sep, 2016, 01.00 AM IST
Give banks priority sector lending benefit to boost gold monetisation, says WGC"If the scheme is not linked to CRR, then the banks should be incentivised," said Somasundaram PR, managing director, World Gold Council In...
31 Aug, 2015, 08.32 AM IST
Curbing gold import may have short-term impact: WGCIt suggested that the govt should treat gold as strategic assets, while advocating monetisation of country's huge gold stock.
04 Jun, 2013, 07.10 PM IST
- ED exit forces Lakshmi Vilas to drop plan to float housing finance arm
The bank's decision coincided with a slump in housing loan demand amid rising interest rates and concerns over loan defaults.
21 Sep, 2011, 04.29 AM IST
- We want to be a new-Generation bank: PR Somasundaram, Lakshmi Vilas Bank CEO
In an interview with ET, Lakshmi Vilas Bank's CEO PR Somasundaram said the bank will focus more on retail and work hard to shed its old pri...
27 May, 2011, 03.48 AM IST
- Lakshmi Vilas plans to raise Rs 350 crore from 40% stake sale
Lakshmi Vilas Bank (LVB) will dilute a 40% equity to raise funds from a share sale to boost its capital and raise lending.
05 Feb, 2011, 01.10 AM IST