Gold prices hit a new record high in India on Wednesday, with the yellow metal trading at Rs 95,435 per 10 grams on the Multi Commodity Exchange (MCX).
India's competitive position in select product segments may help cushion some of the losses, it mentioned.
As the US reciprocal tariff deadline looms, gold prices on Monday hit a record high of $3,106 per ounce for the first time, with people rushing towards accumulating the safe-haven asset amid global uncertainties.
The government on Tuesday announced to discontinue the medium term and long term government deposit (MLTGD) components of the Gold Monetisation Scheme (GMS), effective from March 26.
Chhattisgarh has emerged as a trailblazer in mineral sector governance under the leadership of Chief Minister Vishnu Deo Sai, combining transparency, innovation, and sustainability to drive unprecedented economic growth.
Looking ahead, the World Gold Council report said that central banks will need to balance financial and geopolitical uncertainty with a potentially strong pickup in global growth.
In the international market, gold was trading lower at USD 1,893 per ounce and silver was flat at USD 27.79 per ounce.
The April contract of gold futures on the MCX was at Rs 44,458 per 10 gram.
It noted with regard to valuable articles that “it was of no use to keep such articles in police custody for years till the trial was over”.
The dollar index, which gauges the greenback's strength against a basket of six currencies.
