By Swansy Afonso, Haslinda Amin and Rishaad Salamat Gold demand in the world’s second-biggest user will rebound this year after collapsing in 2020 as the rollout of vaccines pushes life back closer to normal, according to the World Gold Council. Some of the weddings and festive buying that had been postponed because of the pandemic … Read more
By Rajendra Jadhav MUMBAI: India’s gold demand in the fourth quarter is expected to recover after falling 30% in the previous quarter as festivals are expected to strengthen retail jewellery purchases, the World Gold Council (WGC) said on Thursday. “We expect quarter four would be better than quarter three due to pent-up demand and festivals,” … Read more
In early July, customs officials at the Thiruvananthapuram international airport intercepted a diplomatic consignment from UAE containing 30 kg of gold valued at about Rs 15 crore. While the yellow metal is smuggled into the country fairly regularly, the use of diplomatic baggage set off alarm bells in various agencies, including at the National Investigative … Read more