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Barrick Gold Corp buys back part of outstanding debt

As part of its debt reduction exercise, the world's largest bullion producer Barrick Gold Corp has offered to buy back some part of its outstanding debt. Despite the drop in gold prices, The Toronto-based Barrick Gold Corp has been selling assets.

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Gold ornaments

India proposes gold-linked bonds to lower bullion imports

India is planning to issue sovereign bonds linked to the bullion price in an effort to divert some of the estimated 300 tonnes of annual demand for gold bars and coins, and reduce bullion imports that can push up the trade deficit.

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Gold Mining

Gold price seen near tipping point for mine cuts, closures

The price of gold, down more than a third in three years, is approaching the tipping point where the mining industry would see a spike in the number of producers reducing output or even shutting down operations.

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Gold bars

Gold loses its shine as funds predict 31% drop this year

Dara compiled by Bloomberg indicated that investors are exiting from their gold-backed exchange-traded products this year. $69.5 billion in value was removed in the ETPs and analysts expect an additional 311 tons will be removed from the ETPs next year.

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India's Gold

India won't convert idle gold to bullion- central bank

The Federal Reserve Bank of India said that it would not convert idle gold into bullion.

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