by AIP Online Bureau | Oct 18, 2022 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Indians bought a record 344 tons of gold over the period, and sales are unlikely to match that this year, PR Somasundaram, regional chief executive officer at the London-based organization, told Bloomberg Television in an interview on Tuesday India’s gold sales during...
by AIP Online Bureau | Aug 31, 2022 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Inflation has hit multi-decade highs in many parts of the world, forcing central banks to tighten monetary policy. Gold is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion Gold prices fell on Wednesday...
by AIP Online Bureau | Apr 10, 2022 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
India is the world’s second-biggest gold consumer after China. The imports are largely driven by the jewellery industry. The gems and jewellery exports during 2021-22 grew by about 50 per cent to about USD 39 billion India’s gold imports, which have a...
by AIP Online Bureau | Mar 13, 2022 | Data, Eco/Invest/Demography
India is the world’s second-biggest gold consumer after China. The imports mainly take care of the demand by the jewellery industry Commenting on rising gold imports, Gem and Jewellery Export Promotion Council (GJEPC) Chairman Colin Shah said monthly average...
by AIP Online Bureau | Jan 30, 2022 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
“The demand for the yellow metal was mainly driven by Central bank buying during the fourth quarter of 2021, recovery in jewellery consumption, mainly in India and China,” WGC Regional CEO, India, Somasundaram PR told PTI Mumbai: Global gold demand rose 10...
