Demand for gold ETFs in India on a sharp rise attracting $60 million in September
Gold exchange-traded funds (ETFs) in India reportedly attracted Rs 446 crore (or about $59.43 million) last month, which far exceeded the inflow of Rs 24 crore (or $3.19 million) recorded in August.
India’s gold import jumps 252% in April-September period since a year ago
India’s gold import saw a 252 per cent rise to $24 billion in April-September period compared to the corresponding period last year with the gradual unlocking of the economy and festive demand picking up.
India’s Sept gold imports surge nearly 8 times as prices drop
Urban Indians look forward to a golden Diwali this year
BSE ready with technology for launching electronic gold receipts
Here’s how Sebi’s gold exchange will work
Sebi’s board on Tuesday cleared a proposal for setting up a gold exchange wherein the yellow metal will be traded in the form of electronic gold receipts and the bourse will help in having a transparent domestic spot price discovery mechanism
India’s Gem & Jewellery Exports Witnessed a Growth of 17% in August 2021
Exports Recorded at Rs. 24239.81 Cr in August 2021 as compared to Rs. 20793.80 Cr in August 2019; Surpasses Pre-Pandemic Levels
China markets buzz as buyers seek cover from Evergrande risks
Physical gold demand in top consumer China rose this week as buyers sought cover from the potential fallout of the Evergrande crisis coupled with factors including a seasonal pick-up in activity.
Revenue of gold jewellery retailers expected to grow 12-14% in FY22
CRISIL report states that after two consecutive years of decline, the revenue of gold jewellery retailers are poised to grow 12-14 per cent year-on-year this fiscal, driven by stable gold prices and recovery in discretionary spending.
Gold Can Regain Its Luster
According to a survey by the World Gold Council, almost 80% of central bank reserve managers plan to increase their gold holdings over the next year