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.
With this India’s tally in the championship currently includes one gold, one silver and one bronze.
It is worth highlighting that India is the biggest importer of gold in the world. According to the data by the Ministry of Commerce, gold worth USD 22.25 billion was imported in April-September 2023 which is 10 per cent more than a year ago
Emkay Wealth Management expects gold prices to remain at USD 1,990 and USD 2,030 levels.
Hyderabad Customs officials at Rajiv Gandhi International Airport seized 454 grammes of gold valued at Rs 26.64 lakhs in two separate cases, an official said on Sunday.
The men’s cricket gold medal contest between India and Afghanistan culminated in an anti-climax with heavy rain.
