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...
by AIP Online Bureau | Jan 31, 2023 | Data, Eco/Invest/Demography
India’s fourth quarter gold demand in value was down 15 per cent at Rs 125,910 crore in comparison to Rs 148,780 crore in the same period of previous year India’s overall gold demand remained resilient and witnessed a marginal decline of 2.92 per cent in...
by AIP Online Bureau | Nov 1, 2022 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
The drop could bring down India’s total gold consumption in 2022 to around 750 tonnes, down 6% from last year’s 797.3 tonnes, he said India’s demand for gold rose 14% from a year ago to 191.7 tonnes in the quarter through September as festivals drove...
