Gold purchases set to fall sharply in December after record sales in November: Report
Dec 17, 2024, at 09:37 pm
Mumbai: After gold purchases in India surged to record levels in November, a significant decline is expected in December due to the absence of major festivals and rising prices prompting buyers to postpone purchases, Reuters reported, citing trade and government officials.
India shines in gold purchases, outpaces China by 51% in 3 months
Oct 31, 2024, at 08:25 pm
New Delhi/IBNS: Indians bought a substantial 248.3 tonnes of gold between July and September 2024, which is 51 percent more than the 165 tonnes purchased in China during the same period, according to the World Gold Council’s latest data.
Russia rises gold purchases by 601% to evade sanctions
Sep 07, 2024, at 10:46 pm
Moscow/IBNS: As Western sanctions continue to tighten around Russia, Moscow on Friday (Sept 6) announced that the country will increase its daily gold purchases to 8.2 billion rubles, which represents a 601 percent rise from previous occasions, to bypass financial restrictions and maintain trade with its partners.