By PIA CHAUHAN
Nearly a quarterof central banks are looking toincrease gold reserves this year, spurred on by geopolitical worries, interest rate concerns and rising inflation pressures.
By PIA CHAUHAN
Nearly a quarterof central banks are looking toincrease gold reserves this year, spurred on by geopolitical worries, interest rate concerns and rising inflation pressures.
Weddings were the primary reason for buying gold, with 43 per cent of the Indian households surveyed buying the yellow metal for this purpose.
рднрд╛рд░рдд рдореЗрдВ рджрд┐рд╡рд╛рд▓реА рд╕реЛрдирд╛ рдЦрд░реАрджрдирд╛ рд╢реБрдн рдорд╛рдирд╛ рдЬрд╛рддрд╛ рд╣реИред рд▓реЗрдХрд┐рди рдХреЛрд░реЛрдирд╛ рд╕рдВрдХрдЯ рдХреЗ рдЪрд▓рддреЗ рдорд╛рдВрдЧ рдореЗрдВ рдХрдореА рдЖрдИ рд╣реИред рд╡рд┐рд╢реНрд╡ рд╕реНрд╡рд░реНрдг рдкрд░рд┐рд╖рдж (WGC┬а) рдиреЗ рдХрд╣рд╛ рд╣реИ рдХрд┐ рднрд╛рд░рдд рдореЗрдВ рдЬрд╛рд░реА рдХреЛрд╡рд┐рдб рд╕реЗ рд╕рдВрдмрдВрдзрд┐рдд рд╡реНрдпрд╡рдзрд╛рдиреЛрдВ рдХреЗ рдмрд╛рдж рдЗрд╕ рд╕рд╛рд▓ рд╕реЛрдиреЗ рдХреА рдорд╛рдВрдЧ рдХрдо рд░рд╣рдиреЗ рдХреА рд╕рдВрднрд╛рд╡рдирд╛ рд╣реИред рд▓реЗрдХрд┐рди рдЕрдЧрд▓реЗ рд╕рд╛рд▓ рдорд╛рдВрдЧ рдореЗрдВ рдПрдХ рдмрд╛рд░ рдлрд┐рд░ рддреЗрдЬреА рджрд░реНрдЬ рдХреА рдЬрд╛ рд╕рдХрддреА рд╣реИред
Since gold is considered a safe haven, during choppy markets, the demand for gold improves, normally. Emerging markets, led by India and China–the biggest consuming markets–make up 70% of consumer demand for the metal.
Gold Silver Reports (GSR) –┬аInvestment gold demand fell 9 percent in the first half of 2018 from a year ago to 71.6 tonnes as the stock market was giving better returns than bullion, WGC said.
Gold Silver Reports тАФ A hike in taxes on gold sales in India could pressure short-term demand from the world’s No.2 consumer of the metal, the World Gold Council (WGC) said in a report.