Tag Archives: india

BRICS New Development Bank to Open July 7th

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

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Why Right Now is the Best Time of the Year to Buy Gold

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

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India’s gold monetisation plan lacks lustre – industry

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.

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Gold Up $30/oz in Two Days, WGC Claims Demand is Down 1%

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

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India Cuts Gold Import Tariff by 2.5%, Silver 4%

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

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India’s Finance Ministry Seeks to Increase Gold Import Restrictions

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

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India’s Gold Imports Increased by 176% Last Month

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

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