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Gold imports rise over 2-fold to $38 bn in Apr-Dec 2021

by AIP Online Bureau | Jan 16, 2022 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

India is the world’s second-biggest gold consumer after China. The imports mainly take care of the demand by the jewellery industry India’s gold imports, which has a bearing on the country’s current account deficit (CAD), more than doubled to $38...

Goldman Sachs says bitcoin will compete with gold as “store of value”

by AIP Online Bureau | Jan 12, 2022 | Eco/Invest/Demography, Facts, Technology, Wealth Management/ Philanthropy

Citing bitcoin’s $700 billion market capitalization, compared to the around $2.6 trillion worth of gold owned as an investment, Goldman Sachs said that the cryptocurrency currently has a 20% share of the “store of value” market The term “store...

Imports made up 86 pc of India’s gold supply between 2016-2020; will be stronger in 2022: WGC

by AIP Online Bureau | Dec 9, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

Bullion banking is a catalyst for change in India’s gold market landscape, the report opined.It said India’s gold market faces multiple challenges, such as a lack of quality assurance, the unorganised state of the market and a lack of trust in...
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