by AIP Online Bureau | Oct 30, 2024 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy
Gold demand in the world’s second-biggest consumer of the precious metal could stand between 700 and 750 metric tons in 2024, the lowest since 2020 and down from last year’s 761 tons, Sachin Jain, CEO of WGC’s Indian operations, told Reuters. New...
by AIP Online Bureau | Sep 22, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Total assets under management (AUM) for Indian gold ETFs climbed to Rs 374 billion (~USD 4.4 billion) by the end of August, marking an 8 percent month-on-month increase and a 54 percent year-on-year rise. So far in 2024, net inflows into Indian gold ETFs have reached...
by AIP Online Bureau | Aug 25, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Banks have traditionally dominated the organized gold loan market, holding over 75 percent of the market share. Nearly 80 percent of these are given for agricultural gold loans. In contrast, NBFCs have focused on retail gold loans against jewelry, with their share...
by AIP Online Bureau | May 31, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management
The central bank held 822.10 tonnes of gold as part of its foreign exchange reserves as of March 31, 2024, an increase from the 794.63 tonnes held at the same time last year, according to the annual data released by the RBI New Delhi: The Reserve Bank of India (RBI)...
by AIP Online Bureau | Apr 21, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold Hybrid mutual fund schemes have seen a resurgence in 2023-24, garnering Rs 1.45 lakh crore in investments,...
