India’s gold market update: Gold market broadens; expansion in …
WEB1 day ago · RBI’s steady gold accumulation. The Reserve Bank of India’s demand for gold remains strong, as evidenced from its recent purchases. According to RBI data and our estimates, the central bank acquired a total of 10.3t of gold over the six weeks leading up to 6 September. 5 Over the first eight months of the year, the RBI has purchased a total of 50t of gold, with acquisitions in each month.
Why is RBI buying gold? Reserve Bank of India purchases nearly …
WEBApr 15, 2024 · Reserve Bank of India purchases nearly 13.3 tonnes of gold in Jan-Feb 2024. The RBI has increased gold purchases to diversify reserves, with gold value contributing to a $3 billion rise in forex ...
Gold imports doubled to record high of $10.06 billion in August
WEB2 days ago · India is the world's second-biggest gold consumer after China. (File Photo) Gold imports more than doubled in August to a record high of USD 10.06 billion, mainly on account of a drastic cut in customs duty and ongoing festive demand, according to the Commerce Ministry data. Gold imports stood at USD 4.93 billion in August 2023.
India’s ‘passion for gold’ fades as prices hover near record high
WEBJul 4, 2024 · Despite its immense cultural importance in Hindu festivals and weddings, demand for gold jewellery in India fell 6 per cent last year, according to the World Gold Council, compared with the 10...
India slashes import tax on gold, silver to tackle smuggling
WEBJul 23, 2024 · India slashed import duties on gold and silver on Tuesday in a move industry officials said could lift retail demand and help cut smuggling in the world's second-biggest bullion consumer.
India's gold demand cools post-festival as prices surge and RBI …
WEBThe World Gold Council (WGC) has released its latest update on India's gold market, highlighting a period of subdued demand following the festival-driven surge in purchases. Representational....
RBI shifts 100 tonnes of gold from UK to its vaults, a first since 1991
WEBThe Reserve Bank of India (RBI) shifted over 100 tonnes of gold from the UK to its vaults in the country for the first time since 1991. Over half of central bank's gold reserves are held...
Gold Rate Today in India - The Economic Times
WEB1 day ago · Find out the most recent prices for 24 karats and 22 karat gold in India and compare them so you can make a smart choice. In India, 10 grammes of 24-carat gold cost 52,785 rupees, while 10 grammes of 22-carat gold costs 47,750 rupees.
India’s gold market update: high prices tempering demand in Q4
WEBDec 21, 2023 · Gold in INR has risen by 12% compared with the 6.2% returns of bank fixed deposit and 7.1% gains in liquid funds (cash equivalent). India’s economy: sustained momentum. The domestic economy continues to exhibit strong growth momentum driven by healthy consumption demand and government investment.
India’s gold market update: unprecedented gold price rises, …
WEBApr 25, 2024 · The RBI continues to build its gold reserves, adding 18.5t since the start of 2024 and taking reserves to an all-time high of 822.1t; Momentum in Indian gold ETFs inflows has waned; The marked reduction in gold imports during March was likely driven by the price surge and a higher flow of recycled gold. Looking ahead:
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