HYDERABAD: Gold soared to lifetime high of $2883/ounce in the international spot market on Wednesday evening following US President Donald Trump’s tariff threats and amid geopolitical tensions. This sent the yellow metal hurtling to new highs of around Rs 85,000/10gm (24K without import duty & taxes) in local markets as the rupee plunged to a…
Any increase in import duty in Budget may have adverse effect: World Gold Council NEW DELHI: The government’s decision last July to reduce import duties on gold has had a significantly positive impact on the industry, and any increase in tariffs in the upcoming Budget may have adverse effects, said the World Gold Council (WGC).In…
NEW DELHI: In November 2024, central banks globally added a combined total of 53 tonnes of gold to their reserves, with the Reserve Bank of India (RBI) contributing 8 tonnes, according to the World Gold Council (WGC). In 2024, central banks, particularly those from emerging markets, continued to be avid buyers of gold, to achieve…
Gold prices are set to rise more slowly in 2025 after a record-breaking run this year, according to the World Gold Council.Bullion is up more than 30% so far in 2024, but gains next year will likely be tempered by variables like growth and inflation, the WGC said. Possible trade wars in US President-elect Donald…
