Surge in Gold Prices Hits Luk Fook Revenue
Luk Fook reported a 27 per cent slump in its half-year revenue and the closure of 175 of its 3,500-plus retail jewelry stores amid a surge in gold prices and weak consumer demand.
Earnings for...
Muthoot Exim’s 30th Gold Point Centre in Barasat is set to transform West Bengal’s...
Barasat, 23rd October 2024: Muthoot Exim (P) Ltd., the precious metal arm of 137-year-old business conglomerate Muthoot Pappachan Group (also known as Muthoot Blue), proudly announces the grand opening of its newest Gold Point...
Hallmarking of Gold Bullion to Become Mandatory in India: TOI Report
According to a report in the Times of India (TOI), India will implement a mandatory hallmarking regulation for all gold bullion, including imports, starting next year. This step aims to ensure the purity of...
Baked in Gold – The Budget Jewelry Collection
Greggs, the budget British baker with almost 2,500 stores, has launched a budget range of 22K gold jewelry items featuring sausage rolls and other menu favorites.
Its Baked in Gold collection starts at £36 ($47)...
Indian Traders Hit by Switch from Diamonds to Gold
Seventy Indian diamond traders are reported to have closed their Hong Kong offices in the last six months, as Chinese customers shun diamonds in favor of gold jewelry as an investment.
A slump in sales...
India’s Q2 Gold Jewellery Demand Declines Amid High Prices
India has witnessed a notable decrease in gold jewellery demand in the second quarter of 2024, according to the World Gold Council (WGC). India’s Q2 gold jewellery demand fell by 17% to 106.5 tonnes,...
World Gold Council Study: US Elections Drive Gold Demand and Price Fluctuations
The World Gold Council’s latest report, titled “Ballots to Bullion: Examining the US Election’s Effect on Gold,” delves into the relationship between US presidential elections and gold prices. Historically, gold has often been viewed...
LBMA & WGC Advocate for Reclassifying Gold as High-Quality Liquid Asset Under Basel III
Last week, delegates from the London Bullion Market Association (LBMA) including Paul Fisher, Ruth Crowell, David Gornall, and Edel Tully, joined Mike Oswin of the World Gold Council (WGC) in Basel for a meeting...
Sanctioned Alrosa Buys a Gold Mine
Sanctioned Russian diamond miner Alrosa has concluded the purchase of a gold mine in the far east of the country and will invest $276m developing it.
The move comes seven months after the G7 and...
Central Bank Gold Demand Expected To Rise In 2025: Survey
More than eight in ten (81%) of respondents have indicated that they expect reserve managers will continue to increase their gold holdings in the next 12 months, according to new data released by the...
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