The World Gold Council (WGC) on Wednesday said the share of investment demand in India's total gold consumption will likely rise in 2025.
Chaotic as it seems, Donald Trump’s tariff war and subsequent walk-backs are a deadly serious attempt by his team to address what they perceive as the core issues of the dollar-dominated global monetary system.
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.
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The licence for the block has been given to Ratlam's Syed Owais Ali firm.
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.
