Central Banks tank up gold reserves
In the first six months of 2023, Central Banks bought 387 tonne of gold -- the highest purchase in the first half of a year since 2000
world gold council
August 2023
May 2023
December 2022
August 2022
May 2022
July 2021
January 2021
BRICS’ Golden Spell To Dethrone Dollar
Will the gold-backed international currency end the dominance of the U.S. dollar?
Why gold besots RBI no more
Two consecutive quarters of low gold purchases by the Indian central bank hints it is cooling-off on gold of late
Gold imports dip 24% to $35 bn in FY23
Experts have cited high import duty for the dip in imports of yellow metal; WGC sees a healthy upside for investment in 2023
High prices crash India gold demand 17% in Q1
Global factors, primarily US interest rate hikes, pushing up dollar prices, coupled with rupee depreciation, kept gold prices above ₹60,000/10g, nearly a 19% jump over last year
Organised gold jewellery retail sales to grow 23-25% in FY23
The growth is mainly due to increase in sales volumes due to pent-up demand and recovery in discretionary spending post the pandemic, says a study.
High interest rate makes gold uninteresting
True to its nature, gold takes a plunge with rise in global interest rates
Current gold price is a good entry point for investors
Net AUM under Gold ETF stood at ₹19,280 crore in March and ₹20,430 crore in April 2022, depicting an increase in investments by the investors. The global demand has been sturdy too.
Gold on a swing. Time to invest?
After a steady fall since June 16 following the U.S. Fed meet, gold prices have begun another trek. This time, thanks to the Basel-lll rules that reclassified gold to a tier 1 zero-risk weight.
Gold ruled 2020. Will it reign 2021 too?
Gold exchange traded funds added a record 877 tonnes during 2020, nearly 231 tonnes more than the 2009 record of 646 tonnes. Experts argue much of gold's growth drivers will continue in 2021 too.
