Gold imports to India rose last month despite local prices trading near the highest in more than five years, as jewelers start to restock for the wedding season. The wedding season starts this month and purchases will jump during the second-biggest gold-buying day of Akshaya Tritiya in early May. Inbound shipments grew by 64 per cent […]
Gold demand in India turned weak last week as local prices jumped to their highest level in two and a half years. Traders in major buying centres in Asia have now pinned hopes on purchases ahead of the approaching Lunar New Year, Reuters reports. Local gold prices in India, world’s second-largest gold consumer, touched their […]
India has launched a gold monetisation scheme In a bid to bring into the banking system an estimated 20,000 tonnes of gold worth Rs 540,000 crore held mainly in family lockers and temple vaults. The scheme, launched by Prime Minister Narendra Modi will replace the 1999 Gold Deposit Scheme though deposits under the older plan […]