Global gold demand in 2015 was virtually flat compared to 2014 at 4,212 tonnes (t), according to the World Gold Council’s latest Gold Demand Trends report. Despite a challenging start to the year, gold demand rebounded in the second half of 2015 as a result of sustained buying from central banks and a strong second half from China and India.
AAOIFI Launches Project for Shari’ah Standard on Gold, In Cooperation with World Gold Council and Amanie Advisors
The subcommittee has held its first meeting to discuss the detailed study and exposure draft of the Shari’ah Standard on Saturday 9 January 2016, and it plans to hold a series of meetings in upcoming months to complete its review of the exposure draft and then to submit it to the Shari’ah Board.
The Honourable Prime Minister of India, Shri Narendra Modi has launched the Indian Gold Coin and Indian Gold Bullion at 7 Race Course Road, New Delhi on 5 November 2015. Both, the coin as well as the bullion will be the first ever national gold offerings by Government of India.
The World Gold Council and China National Gold Group Corporation (China Gold) have today announced that China Gold has now become a member of the World Gold Council and joined the Board. China Gold is currently the only Chinese gold mining company member of the World Gold Council.
At the Denver Gold Forum today, the World Gold Council and Denver Gold Group announced their intention to work together more closely. Combined, these two organisations represent the majority of the world’s gold miners, in terms of production, mineral reserves and market value.