Record Indian imports help drive gold rally - Financial Times
WEB1 day ago · A surge in demand among Indian consumers for gold jewellery and bars after a recent cut to tariffs is helping to drive global bullion prices to a series of fresh highs. India’s gold imports hit ...
Gold prices near all-time high: Should you invest now or wait?
WEB1 day ago · 3 Min Read. Gold prices are hovering near record levels. On Friday (September 20), spot gold rose by 0.3% to $2,593.79 per ounce. This marked a 0.7% increase for the week. In India, 24-karat gold is priced at ₹7,343.00 per gram and 22-karat gold at ₹6,752.00 per gram. Over the last week, the price of 24-karat gold has increased by 2.45%.
India’s gold market update: Gold market broadens; expansion in …
WEB2 days ago · RBI’s steady gold accumulation. The Reserve Bank of India’s demand for gold remains strong, as evidenced from its recent purchases. According to RBI data and our estimates, the central bank acquired a total of 10.3t of gold over the six weeks leading up to 6 September. 5 Over the first eight months of the year, the RBI has purchased a total of 50t of gold, with acquisitions in each month.
Why is RBI buying gold? Reserve Bank of India purchases nearly …
WEBApr 15, 2024 · Reserve Bank of India purchases nearly 13.3 tonnes of gold in Jan-Feb 2024. The RBI has increased gold purchases to diversify reserves, with gold value contributing to a $3 billion rise in forex ...
India’s ‘passion for gold’ fades as prices hover near record high
WEBJul 4, 2024 · Despite its immense cultural importance in Hindu festivals and weddings, demand for gold jewellery in India fell 6 per cent last year, according to the World Gold Council, compared with the 10...
India slashes import tax on gold, silver to tackle smuggling
WEBJul 23, 2024 · India slashed import duties on gold and silver on Tuesday in a move industry officials said could lift retail demand and help cut smuggling in the world's second-biggest bullion consumer.
India's gold demand cools post-festival as prices surge and RBI …
WEBThe World Gold Council (WGC) has released its latest update on India's gold market, highlighting a period of subdued demand following the festival-driven surge in purchases. Representational....
Gold Rate Today Live - Gold Rate in India, Gold Price Chart, Gold …
WEB3 days ago · Gold Rate Today | Live Updates - Check Gold Price Live on The Economic Times. Find Gold Rate in India, Gold Rate Forecast, Price Chart, News and more.
India gold prices soar to record high, dampening demand, …
WEBMUMBAI, April 1 (Reuters) - Indian gold futures hit an all-time high on Monday, tracking gains in overseas markets and squeezing demand in the world's second-biggest consumer of the precious...
RBI shifts 100 tonnes of gold from UK to its vaults, a first since 1991
WEBThe Reserve Bank of India (RBI) shifted over 100 tonnes of gold from the UK to its vaults in the country for the first time since 1991. Over half of central bank's gold reserves are held...
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