Demand for gold ETFs in India on a sharp rise attracting $60 million in September
Reading Time: < 1 minute 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
Reading Time: < 1 minute 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
Reading Time: < 1 minute 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
Reading Time: < 1 minute 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
Reading Time: < 1 minute 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
Reading Time: < 1 minute 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
Reading Time: < 1 minute 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