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 Nov 07, 2009  
 
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WGC hails IMF sale of 200 tonnes gold to India
"The IMF has clearly indicated its preference to sell the entire 403 tonnes to other official sector institutions, rather than over an extended period of time via CBGA3. In light of this, and the....
 
Gold investment demand rises in 2009: WGC
Gold price may be at its historical high, but the yellow metals is the best investment option across the globe, says a new report from the World Gold Council (WGC). The new WGC study says that gold in....
 
Weak dollar helping faster gold price rise: WGC
A prominent World Gold Council (WGC) official has claimed that the plight of the dollar could see Gold Prices continue to rise in the long term. Investors have been shifting their money into the yello....
 
Gold demand from India plunged by 31%: WGC
"Jewellery demand fell 22 percent year-on-year in the second quarter to 404.1 tonnes from 517.8 tonnes previously. Demand from India, traditionally the world's biggest gold consumer, slid 31 perc....
 
WGC’s promotional event boosts gold sales
Gold slipped 2.14 per cent in the last one week from Rs 15,865 per 10 gram to Rs 15,525 per 10 gram. Retailers like Mumbai-based Tribhovandas Bhimji Zaveri (TBZ) who participated in the event saw over....
 
Central banks in no mood to sell gold
As per WGC, the US and Germany with 8,133.5 and 3,408.3 tonnes of reserves are the countries with the highest amount of gold reserves in the world. China, the world’s largest gold producer, appa....
 
Gold at $1000: WGC says gold's demand base rising
The World Gold Council said on Thursdat that the surge of gold price above $1000 this week reflects the sustained global demand for the yellow metal and the emergence of gold as the safest asset. WGC ....
 
China beats India in gold demand
There was an even stronger year-on-year growth in demand on the Chinese mainland of 6 per cent, which boosted its appetite for gold jewellery to 72.5 tonnes in the period, it said.China’s mainla....
 
Gold investment demand rises by 46%: WGC
The figures, compiled independently for WGC by GFMS Limited, show that total global identifiable investment demand for gold, which includes exchange traded funds (ETFs) and bars and coins, remained ve....
 
'Glam Gold' from Tanishq through AngloGold tie up
Tanishq, known for its product innovation and design expertise, has launched an exclusive range of gold collection 'Glam Gold', in association with Anglo Gold Ashanti through World Gold Council (WGC).....
 
Gold sales from Central Banks diminishing: WGC
The World Gold Council (WGC) on Thursday said the decision to renew the Central Bank Gold Agreement (CBGA) reaffirms the importance of gold as a key element of global monetary reserves. It said centra....
 
WGC to lure gold buyers with Great Indian Gold Rush
The WGC has planned shopping festivals that will dish out Rs 2.2 crore worth of prizes, while generating Rs 5,000 crore worth of business for the flagging industry. In what is the first initiative of ....
 
China has a more liberalized gold market: WGC
"China has a more liberalized gold market and a faster growing economy. It has more consolidated manufacturing base and a keener competitive operating retail scene. There has been an increase in ....
 
WGC inducts JP Morgan strategist to research team
In recognition of rising investor interest in gold, the World Gold Council has inducted Juan Carlos Artigas, a former emerging markets strategist at J P Morgan into research and analytics team in New ....
 
AngloGold Ashanti dehedging and bullish gold

Right now gold prices are hovering around $930 levels with possibility of even falling to $905 levels. However, a number of factors favour gold bullishness-WGC has said rising production costs and ....

 
WGC hails 3M's gold catalyst properties
Dr Richard Holliday, director, industrial, at WGC, said: "WGC supports and encourages innovations using gold in industrial applications through its market development programmes. 3M's gold cataly....
 
WGC: Asia primarily buys gold for jewellery
What I find strange is an organization called a World Gold Council (WGC) still thinks Asia primarily buys gold for jewellery. Asia buys gold as jewellery that trades by weight in grams with practicall....
 
Gold best inflation hedge: WGC
On gold’s inflation hedge credentials, Natalie Dempster, head of investment, North America, World Gold Council, said: “Fears of future inflation drove investor interest as seen by the cont....
 
Inflation fears still attract investors to gold: WGC
Inflation fears continue to attract investors to gold even as commodity complex in general, and equities outperformed gold during the second quarter of 2009, according to World Gold Council's Gold Inv....
 
Brides fall for necklaces & rings now
Anan Fakhreddin, WGC’s managing director, Middle East and Turkey, said the warm, golden glow and timeless immutable qualities of rings and necklaces perfectly epitomises everything a wedding sta....
 
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