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Top related persons:
Peter Fung - 1 Bernard Sin - 1 Harshad Ajmera - 1 JJ - 1 Anushree Mukherjee - 1 Swati Verma - 1 Rajendra Jadhav - 1 Maju Samuel - 1
Top related locs:
China Japan India Greater China Kolkata Local Hong Kong Singapore
Top related orgs:
Chinatown - 1 Metals - 1 People's Bank of China - 1 U.S . - 1 MKS - 1 JJ Gold - 1 Traders - 1 Rajendra - 1

Search resuls for: "Harshad Ajmera"


2 mentions found


☆ Asia Gold India discounts widest in seven weeks, China premiums bounce back
  + stars: | 2023-09-08 | by ( Rajendra Jadhav Swati Verma | Rajendra Jadhav | Swati Verma | ) www.reuters.com   time to read: +2 min
In top consumer China, premiums climbed to as high as $55 an ounce over global spot prices this week, traders said, from $20-$38 last week. The policy-measures to support the economy are expected boost physical gold demand, said Peter Fung, head of dealing at Wing Fung Precious Metals. Official data on Thursday also showed that the People's Bank of China increased its gold holdings to 69.62 million fine troy ounces at end-August. Local gold prices were trading around 59,200 rupees per 10 grams on Friday, up nearly 2% in three weeks. In Japan, where domestic gold rates were trading at record levels this week, dealers charged $0.5 premiums.
Persons: Peter Fung, Bernard Sin, Harshad Ajmera, JJ, Anushree Mukherjee, Swati Verma, Rajendra Jadhav, Maju Samuel Organizations: Chinatown, Metals, People's Bank of China, U.S ., MKS, JJ Gold, Traders, Rajendra, Thomson Locations: China, Japan, India, Greater China, Kolkata, Local, Hong Kong, Singapore, Tokyo, Bengaluru, Mumbai
☆ India's Dec gold imports plunge 79% as price rise dents demand - sources
  + stars: | 2023-01-12 | by ( Rajendra Jadhav Aftab Ahmed | Rajendra Jadhav | Aftab Ahmed | ) www.reuters.com   time to read: +2 min
Lower imports by the world's second-biggest consumer of the precious metal could limit gains in global prices trading near their highest in eight months. The drop in imports could help in bringing down India's trade deficit and support the rupee . In value terms, December imports plunged to $1.18 billion from $4.73 billion a year ago, he said. The country's gold imports in 2022 dropped to 706 tonnes from 1,068 tonnes a year ago, another government official said. Local gold prices hit a high of 55,365 rupees ($677.72) per 10 grams in December, not far from the all-time peak of 56,191 rupees hit in August 2020.
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