The World Gold Council on Wednesday said the global gold demand swelled about 5% in the third quarter, setting a record for the period and lifting consumption above USD 100 billion for the first time.
Gold held domestically surged more than 102 tonnes between April and September this year to 510.46 metric tonnes, against 408 metric tonnes at the end of March.
Dhanteras is considered the ideal day to make large monetary acquisitions and people purchase gold or silver as a ritual. Find out why.
The customs on Wednesday detained two passengers travelling on Turkmenistan Airlines from Turkmenistan to Delhi for carrying gold weighing 538 gm and other undocumented items.
Meanwhile, the BSF foiled a gold smuggling attempt and arrested a farmer with 1.2 kg of gold worth Rs 86,00,471 at the India-Bangladesh border.
Nearly 30 per cent of 70 central banks surveyed have said they plan to add to their own gold reserves within the next year, a World Gold Council survey said.
The relay quartet stopped the clock at 3:14.12 in Bangkok to marginally better the previous national mark of 3:14.34, set by Ajmal, Vithya Ramraj, Rajesh Ramesh and Subha to win a bronze medal at the Asian Games in Hangzhou last year.
Gold reserves held domestically in India surged 40 per cent in the last 5 years, data from the Reserve Bank of India (RBI) said.
The production of gold from Indian mines surged by 86 per cent in February this year to 255 kg while that of copper increased by 28.7 per cent to 11,000 tonnes, according to data released by the Ministry of Mines on Thursday.
Gold futures, maturing on June 5, 2024, stood at Rs 72,813 per 10 grams on the MCX, up Rs 536 or 0.74 per cent from the previous day’s close of Rs 72,277.
