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Turkish gold imports slide further in May

The gold imports by Turkey during the month of May this year dropped sharply over the previous month. According to data published by the Borsa Istanbul (Istanbul Gold Exchange), the country’s gold imports totaled 1.65 metric tons, 21% lower than the total ...

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Turkish gold imports plummet in April

The gold imports by Turkey during the month of April this year dropped sharply over the previous year. According to data published by the Borsa Istanbul (Istanbul Gold Exchange), the country’s gold imports totaled 2.092 tonnes, 50% lower than the total gold ...

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Pure Gold aims $150 mn expansion in India

Pure Gold Group- the Dubai, UAE-based jewelry retailer has announced big expansions plans to its India business. The company announced that it targets to invest nearly $150 million in India over the next three years. The investment is aimed to ...

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China Gold and Jewel Demand to Grow 15% in Coming 5 Years: Chow Tai Fook Jewellery

Demand of gold and jewel in China will continue to rise in the coming 5 years, with the growth expected between 12-15%, said Kent Wong, Managing Director of Chow Tai Fook, in an interview in India.  “Large population and innovative design will ...

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China Gold and Jewel Demand to Grow 15% in Coming 5 Years

Demand of gold and jewel in China will continue to rise in the coming 5 years, with the growth expected between 12-15%, said Kent Wong, Managing Director of Chow Tai Fook, in an interview in India.  “Large population and innovative design will ...

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Switzerland owns most Gold based on population

Switzerland owns the most official-sector gold of any country relative to its population, pointed out investor and newsletter writer Dennis Gartman in his daily report.    The most frequently cited data in the press is outright tonnage. World Gold Council data show ...

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Turnaround in India gold rules unlikely to mean import surge-trade

An unexpected move by India’s central bank to ease curbs on overseas purchases instead of tightening them indicates the government is more relaxed about the trade deficit, though trade sources said it does not mean there will be a jump ...

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Russia accumulates roughly 150 metric tons of Gold so far this year

Russia has been the world’s largest official-sector gold buyer so far this year, although this could be because the country is having trouble selling metal due to the Ukraine crisis, said HSBC in a snippet.   Russia has accumulated roughly 150 metric ...

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India overtakes China as the world’s largest gold consumer

The Q3 Gold demand Trends Report published by the World Gold Council (WGC) for the third quarter of 2014 indicates that India has regained its position from China as the world’s largest gold consumer. The country bought 225.1 tonnes og gold in ...

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Gold price to rise, but rally to be short-lived: Standard Ban

The research note published by Standard Bank states that the Chinese physical gold demand continues to remain weak, despite sharp fall in gold prices. The gold premium at the Shanghai Gold Exchange (SGE) is seen hovering around $5 to $6 for quite ...

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