According to the latest report by the World Gold Council (WGC), India’s gold demand escalated by 8% during this period, reaching a substantial 136.6 tonnes. This uptick, despite gold prices soaring to historic highs, underscores the enduring importance of gold in India’s economic landscape.
A key driver behind this surge in demand was the robust economic environment prevailing in the country. Despite the challenges posed by escalating gold prices, India’s economy demonstrated resilience, providing a conducive backdrop for heightened gold consumption.
Additionally, the Reserve Bank of India (RBI) played a significant role in bolstering gold demand through its aggressive gold purchases. The central bank’s proactive approach contributed to the overall momentum in gold acquisition during the quarter.
هذه القصة مأخوذة من طبعة May 01, 2024 من The Business Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 01, 2024 من The Business Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
PTerror threat looms, J&K DGP says launch pads active, 70 terrorists waiting
Aroun round 60 to 70 militants remain \"active\" on launch pads across the Line of Control (LoC), despite what Director General of Police Rashmi Ranjan Swain described as a \"degraded capability.\"
ALLAHABAD HIGH COURT DIRECTS JUDICIAL OFFICER TO EXPLAIN PASSING OF TWO CONTRADICTORY ORDERS ON SAME DAY IN SAME CASE
The Allahabad High Court in the case observed and has directed the then Additional Chief Judicial Magistrate of Ghaziabad to file his personal affidavit for passing two contradictory orders on the same day in the same case.
Citizens mobilise for vigilance on counting day
Civil society organisations across the city and country are preparing for a citizen's vigil on June 4, the day election results are announced, to ensure the integrity of the vote-counting process.
Full emergency alert at Mumbai airport after bomb threat note on Vistara flight
A Vistara flight bound for Mumbai from Paris, carrying 306 passengers and crew, received a bomb threat, prompting a full emergency alert at Mumbai Airport, sources said.
Mumbai RJ's song on Pune Porsche case goes viral
The ongoing Pune hit-and-run case has sparked massive outrage online.
₹CORPORATE GAME': RAUT AFTER EXIT POLL PREDICTS THUMPING VICTORY FOR BJP-LED NDA
After exit poll predictions showed the BJP-led NDA gaining a comfortable majority in the Lok Sabha elections, Shiv Sena (UBT) leader Sanjay Raut on Sunday called it a \"corporate game\" and said that the I.N.D.I.A. Alliance is going to form the government by winning 295-310 seats.
Philippines President seeks stronger ties with India, peace in region
President Marcos Jr. became the first Philippine leader to deliver the keynote address at the President opening of the 21st International Institute for Strategic Studies (IISS) Shangri-La Dialogue in Manila on Friday.
May GST collection at Rs 1.73 Lakh Cr: Down from April, Up 10% YoY
The gross Goods and Services Tax (GST) collection for May stood at Rs 1.73 lakh crore, according to the release by the Ministry of Finance.
Exit polls forecast BJP and allies' big win, securing Narendra Modi's third consecutive term
Most exit polls for the Lok MSabha elections 2024 suggest that the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) is poised to secure another term in power, with Narendra Modi likely to serve as India's Prime Minister for a third consecutive term.
TEL AVIV FLOODED AS 120,000 PROTESTERS DEMAND HOSTAGE SWAP, NETANYAHU'S OUSTER
Anti-government sentiments surged through the streets of Tel Aviv as protesters voiced their demands for a hostage swap deal with Hamas and the removal of Prime Minister Benjamin Netanyahu