Fourteen diamond companies from Antwerp, Belgium, will exhibit in the Antwerp Diamond Pavilion at the 27th India International Jewellery Show in Mumbai from August 19 to 23.
Oil jumped more than a dollar toward $79 on Thursday , boosted by a strong opening on Wall Street.
The sudden surge was supported by news an hour earlier of a fall in new U.S. jobless claims.
This proved more powerful than memories of Wednesday's oil stock figures, which had pushed oil down by showing the biggest weekly increase in crude inventories for nearly two years in the United States.
Gold steadied on Thursday, with price-sensitive physical buying keeping the metal off the last session's three-month lows, but a revival in appetite for assets seen as higher risk took the heat out of safe-haven demand.
Oil was steady at around $77 on Thursday after falling the previous day on weak durable goods data and the biggest weekly increase in crude inventories for nearly two years in the United States.
U.S. crude stocks surged 7.31 million barrels last week as imports jumped, government statistics showed on Wednesday, while the nation's gasoline and distillate stocks including diesel gained for the fifth and ninth consecutive weeks respectively.
Gold firmed in Europe on Thursday as some buyers were tempted back to the market by the precious metal's fall to three-month lows, while the weaker dollar also helped support prices.
European investment remained lackluster as risk appetite sharpened, however, while the world's largest gold-backed exchange traded fund reported a hefty outflow on Wednesday.
Platinum supply is set to suffer setbacks in the coming months with two major producers facing problems in South Africa.
Is it the best time to invest in gold, the hottest commodity in the world? Gold price has been moving up for the last several years and investors have been making money out of the yellow metal.
Consumers report the primary obstacle in selling unwanted gold jewelry is confusion about their gold's true value. Lack of knowledge about the weight of their gold and strange terms like pennyweights (dwt), grams and troy ounces, confuse and intimidate many potential gold sellers.
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Oil prices fell a second straight day on Wednesday after economic and industry data fueled concerns about the pace of economic recovery and energy demand growth and also rising oil inventories.
Gold held near $1,160 an ounce in Europe on Wednesday, steadying after hitting three-month lows the day before, helped by a degree of investor nervousness over the U.S. economy and by strong demand from top consumer India.
Gold and copper production in China may suffer a setback following the Chinese government's order to limit Zijin Mining Group's production at a gold mine located near a separate copper mine that was the source of a toxic spill.
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With gold prices declining this week substantially following global cues, the future of gold is safe if the World Gold Council report is anything to go by.
According to WGC, though gold topped $1,250 per troy ounce this quarter and reached record highs in dollar terms, the metal has still some steam left before it pauses.
Oil slipped toward $77 per barrel on Wednesday after an industry report of an unexpected rise in U.S. crude stocks and a fall in U.S. consumer confidence fueled doubts about the pace of recovery in energy demand.
With BP poised to move on from the Gulf oil spill with a new chief executive, the beleaguered London-based company might look attractive to Middle East sovereign wealth funds after all. It would be a parting legacy from outgoing CEO Tony Hayward if his efforts earlier this month to court the funds in Abu Dhabi and other oil-producing countries were to bear fruit.
Gold rose above $1,160 an ounce in Europe on Wednesday as price-sensitive buyers were tempted back to the market by the previous day's dip to three-month lows, with strong demand reported from major consumer India.
World Gold Council said jewellery purchases in world's largest gold consumer, India rocketed by 291 per cent to 147.5 tonnes in the first quarter.
In its report named Gold Investment Digest, the WGC also said India's total consumer demand surged 698 per cent to 193.5 tonnes.
Oil fell for a second day on Wednesday toward $77 after an unexpected increase in U.S. crude stockpiles and a drop in U.S. consumer confidence fueled doubts about recovery in energy demand.
U.S. crude for September fell as much as 0.8 percent to $76.88 a barrel, trading down 17 cents at $77.33 at 1:26 a.m. ET. ICE Brent slipped 3 cents to $76.10 as a recent rally in Asian stock markets lost steam.
Gold steadied on Wednesday after falling 2 percent to a near three-month low the day before, when a bigger-than-expected drop in U.S. consumer confidence and an option expiry prompted heavy selling.
The position adjustment related to expiring COMEX August gold options pushed prices close to a key technical support, where the market was likely to hover before finding fresh clues for direction, traders said.
Gold prices recovered in Asian trade Wednesday after an overnight plunge of nearly two percent mainly on global stocks rally.
Gold for immediate delivery was seen trading at $ 1163.51 an ounce at 12.00 noon Singapore time after hitting a near three-month low on Tuesday.
Oil prices rose toward $80 a barrel to hit the highest level since early May as upbeat corporate results and rallying equities increased risk appetite for the commodity.
U.S. stock index futures jumped on Tuesday, setting Wall Street for a fourth straight day of gains, while European shares touched a five-week high.
Panic and fears over the future of US and European economies have become the best aphrodisiacs for gold, which has been in an uncertain zone for the past few weeks.
Finally, the US housing sector is back on track posting a 24 per cent growth in June. June's rebound in new home sales should be viewed as a major boost to the US economy. But the problem is that any good news from the world's biggest economic power is a setback to the gold prices, which have been maintaining record levels in the recent past.
Gold held below $1,185 an ounce in Europe on Tuesday, supported by physical demand after this month's slip and a softer dollar, but with a dip in holdings of the largest gold exchange-traded fund undermining sentiment.
Oil prices were steady near $79 a barrel as the fading Tropical Depression Bonnie brought more output back online in the Gulf of Mexico, dampening otherwise buoyant sentiment following positive U.S. macroeconomic data.
Even after allowing unlimited gold imports, Vietnam is likely to face supply shortages as the country also exported around 36 tons of the precious metal in the first six months of this year.
According to Vietnam Gold Business Association there will be a shortage in gold supplies for production in Vietnam.
Gold prices showed positive trends in Asian trade Tuesday mainly on a firm euro in an otherwise thin market.
Gold for immediate delivery was seen trading at $1184.88 an ounce at 12.00 noon Singapore while U.S. gold futures for August delivery was at $1,184.2 an ounce at the same time.
Oil steadied near $79 on Tuesday as forecasts see falling crude inventories and rising refined product stocks in the United States, continuing a trend that has helped keep prices in a $10 range for almost two months.
Gold gained on Tuesday in a thin market driven by a firm euro and a technical rebound as prices briefly hit the 100-day moving average, while jewelry makers stayed on the sidelines after recent purchases.
Investors are turning their attention to a series of U.S. data that may set the tone for prices, which have dipped more than 6 percent after surging to a record $1,264.90 in early June. Silver also firmed, while strong equities underpinned platinum.
