by AIP Online Bureau | Jan 2, 2024 | Data, Eco/Invest/Demography, Policy, Wealth Management/ Philanthropy
“We expect an eventual rise to USD 2,400 in 2024, and if the rupee is to be stable, gold is likely to reach around Rs 70,000 levels. As India faces elections, the rupee could weaken as Foreign Institutional Investors (FIIs) are expected to lighten up their...
by AIP Online Bureau | Aug 1, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
“We remain cautious about gold demand as it faces uncertainties due to elevated local prices and slowdown in discretionary spending,” said Somasundaram PR, regional chief executive officer of WGC’s Indian operations Gold demand in 2023 could fall 10%...
by AIP Online Bureau | Jul 24, 2023 | Eco/Invest/Demography, Facts, Wealth Management/ Philanthropy
The survey covered 142 districts across 21 states. India is the second-largest consumer of gold (in the form of jewellery) in the world and an average Indian household invests 11 per cent of its overall holdings in the precious metal, as per the study paper Households...
by AIP Online Bureau | Apr 21, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Gold has delivered a stellar returns of over 69 per cent in the past 5 years (From FY2019 to FY2023). The pandemic has resulted in a low interest rate, and easy liquidity strategy adopted by the global central banks gave a massive push to the prices, the consultant...
by AIP Online Bureau | Feb 19, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
In the last one year, gold purchases in the international markets was about 4,000 tonne of which 1,400 tonne took place in the last quarter, said Emkay Global “The yellow metal has already posted over three per cent gains in the month of January, 2023. The...
