The Reserve Bank of India has followed the lead of China and other Eastern central banks and ramped up its accumulation of gold.
UBS previously pointed out that, as shown in the chart below, the model results show that the recent gold trend completely “deviates” from the real interest rate trend. When real interest rates have declined since this year, the beta coefficient between the price of gold and 10-year US in...
Gold bullion’sprice moves aren’t the only factor in India’s new affinity for diamonds. In the past few years, diamond marketing campaigns have targeted India’s wedding market—which has opened its bejeweled arms.(More:A Gluttonous Food Industry That Lacks Investors) “Before De Beers starte...
The Integrated Goods and Services Tax Act of 2017 permits a foreign national or an NRI who visits India to stay for some 6 months to avail of the GST refund when the person goes out from India. There is a 3% GST imposed on the gold. The tax is important with respect to the high ...
Last month, it was reported that Google’s digital payments app Google Pay is expected to launch a new service allowing users to buy gold in India. Well, the
India's love affair with gold has reached a fever pitch, fueled by a recent government decision to slash import duties on the precious metal. The move, announced just weeks ago, has sent shockwaves through the market, triggering a surge in demand that is reminiscent of the country's histori...
The article informs that demand for gold has increased in India and Russia as central banks of both countries have purchased gold to store in their foreign exchange reserves. India has purchased gold from the International Monetary Fund (IMF), while Russia bought gold produced by the country's ...
GOLD buying globally fell 10 percent in the third quarter as consumer demand in China and India sagged and central banks halved their purchases, despite a rise in investment sentiment, the World Gold Council said yesterday. Chinese consumers bought 22 percent less gold in the July-September period...
According to data from the WGC, China overtook India to become the world’s largest gold jewelry buyer in 2023. Thisgold-buying spreecontinued to stay strong for 16 consecutive months in February 2024, as the People's Bank of China added roughly 390,000 ounces of the key metal, according ...
According to data from the WGC, China overtook India to become the world’s largest gold jewelry buyer in 2023. This gold-buying spree continued to stay strong for 16 consecutive months in February 2024, as the People's Bank of China added roughly 390,000 ounces of the key metal, accordin...