Bhadau 15, 2072, Gold Price in Nepali Market

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Saun 26, 2072, Gold Price in Nepali Market

India set to Become World's Top Gold Consumer in 2015

India is poised to pip China as the world's top consumer of gold in 2015 due to reduced demand for gold in the country due to a rally in stocks and India's projected high economic growth.

"We expect both India and China's gold demand to be in the range of 900-1,000 tonne (in 2015), with India slightly higher than China. This is mainly due to the higher economic growth momentum projected in India and China's lack of momentum, "said Somasundaram PR, World Gold Council (WGC) Managing Director, India, according to Bloomberg TV.

Gold consumption in India is expected to increase by 23 percent to 1,000 tonne this year if the country registers a gross domestic product (GDP growth) of 7.5-8 percent, according to a report by the World Gold Council.

Saaun 22, 2072, Gold Price in Nepali Market

Saaun 21, 2072, Gold Price in Nepali Market

India’s gold imports

MUMBAI: India is likely to import between 900 and 1,000 tonnes of gold in financial year 2015-16 that began in April, the head of gold refiner MMTC-PAMP said on Wednesday. India's July imports are expected to be between 70 to 75 tonnes, and its August imports more than 75 tonnes, said Rajesh Khosla, managing director of MMTC-PAMP. MMTC-PAMP is a joint venture between Indian government and a Swiss metals refiner.

A version of this article appears in print on August 06, 2015 of The Himalayan Times.

Three bodies of gold, silver dealers forge working alliance

KATHMANDU : Ending long-running conflict, three federations working to safeguard rights of gold and silver dealers and promote locally-made jewelries have agreed to work together to promote jewelry industry and increase export of Nepali jewelries.

Federation of Nepal Gold and Silver Dealers Association (Fenegosida), Federation of Nepal Gold Silver Gem and Jewelry Associations (FNGSGJA) and Federation of Handicraft Association of Nepal (FHAN) on Monday signed a Memorandum of Understanding (MoU) to work jointly for betterment of Nepal's jewelry industry and promote Nepali gold and silver products in the international market.

Saaun 20, 2072, Gold Price in Nepali Market

Saaun 18, 2072, Gold Price in Nepali Market