Low platinum prices push jewellery demand

Diamonds may be a girl’s best friend but for budget-conscious ring-bearers, the preferred material might be platinum. According to Platinum Guild International, the low platinum price in 2016 had retailers stocking up on the precious metal, with¬†Indians and Americans the most likely to put a platinum ring on it. In India platinum demand soared 11.4%, … Read more Low platinum prices push jewellery demand

Gold jewellery demand at a 28-year low

Physical demand was at a seven-year low in 2016, and while it did rise 29 per cent quarter-on-quarter in the final three months of 2016, this was arguably a disappointing result, as demand was still down 10 per cent year-on-year despite the slump in prices. Other things being equal, physical demand could easily have been … Read more Gold jewellery demand at a 28-year low

India surprises by holding rates at six-year low

India’s central bank has unexpectedly held interest rates at a six-year low. The cost of borrowing will remain unchanged at 6.25% ahead of a possible increase in US interest rates later this month. The decision came as the Reserve Bank of India (RBI) held its first press conference since new bank notes were introduced. The … Read more India surprises by holding rates at six-year low