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.
April 17, 2022 is the date Manisha will never forget. She lost her father on the very day she had to depart for the Asian Championships after getting the better of Sakshi 5-1 in the trials for the 62kg weight category.
The global demand for gold fell by 6 per cent to 1,147.5 tonnes during the third quarter of 2023 amid slowing demand for bars and coins and reduced buying from central banks
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.
