Global gold News

Gold prices have risen 3% so far this week and are set to record their biggest weekly percentage gain since early August.

The overall gold demand stood at 4,087.6 tonnes in 2013, according to WGC 'Gold Demand Trend 2014' report.

Price gains could be difficult to hold due to expectations of higher US interest rates and a strong outlook for the dollar.

Global gold demand fell to its lowest in nearly five years in the third quarter as Chinese buying slid by a third, the World Gold Council said on Thursday, putting it back behind India as the world`s biggest gold consumer.

The hike in tariff value on imported gold and silver has been notified by the Central Board of Excise and Customs.

Kong: The gold price in Hong Kong went up 108 HK dollars to open at 11,810 HK dollars per tael.