Tag Archives: india
China announced on July 1st that the Standing Committee of the National People’s Congress officially ratified the agreement signed in Brazil last year to launch the New Development Bank for the BRICS nations. The bank’s Board of Governors are scheduled … Continue reading →
If you follow the day to day price fluctuations of gold, then you know that it usually shifts up or down a few dollars per day based on the latest economic data or geopolitical news. Sometimes it trends up or … Continue reading →
A proposal in India to attract thousands of tonnes of gold owned by households into a bank deposit scheme will likely fail in its current form as it does not address some key concerns for banks and consumers.
Is it a coincidence that just as gold breaks through the key mark of $1225, the World Gold Council releases their latest report on Q1 global gold demand– indicating a decrease of 1%? If the price of gold is going … Continue reading →
The government of India announced over the weekend that they would finally reduce long-held tariffs on gold and silver imports. As of November 1, the new rates are $391 per 10 grams of gold and $551 per kilogram of silver. … Continue reading →
As we reported last week, India’s gold imports for the month of September were FIVE TIMES what they were for 2013, causing a massive spike in the trade deficit for the country. This dramatic increase in gold demand has led … Continue reading →
Bloomberg reported today that India’s gold imports spiked by 176% for the month of August over the same period last year. The latest numbers are a bit of a surprise to some analysts who believed that official numbers would be … Continue reading →