Gold heading towards Rs 45,000 per 10 grams level amid volatility in global markets

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Volatility in the global markets has once again brought gold back in focus, with the price of the yellow metal rising sharply worldwide. In India, it is approaching the Rs 45,000-level. This is a boon for investors holding gold exchange-traded funds and sovereign gold bonds (SGBs). At present, it is perhaps the only instrument to be providing […]

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Registrations of grape growers dwindle on APEDA’s GrapeNet this season

Barely 20,000 grape growers across the country have registered under GrapeNet. GrapeNet is an internet-based electronic service offered by APEDA to stakeholders for facilitating testing and certification of grapes export from India. Last year, the number of growers had exceeded 38,000, top officials of All India Grape Exporters Association stated too Financial Express. According to […]

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World Gold Council pitches for bullion banks in India to boost trade

In a report titled ‘The need for Bullion Banking in India’, the WGC has recommended that banks or similar institutions be given flexibility to launch gold-backed products, with appropriate checks and balances. The report has been submitted with the government, which has been planning to come out with a broad gold policy. WGC managing director […]

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World leaders issue statement supporting the legitimacy of Libyan National Oil Company

The U.S, the UK, France, Italy, Germany and the UAE have issued a joint statement in recognition of the National Oil Corporation (NOC) of Libya as “the country’s sole independent, legitimate and nonpartisan oil company,” the Libya Herald reported. Reuters added  that Turkey also signed the statement. “For the sake of Libya’s political and economic stability, […]

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