Tokyo / Washington – The world’s central banks have increased gold purchases in the face of declining dollar value in the global economy, rising inflation and the corona crisis. This year, various central banks worldwide added more than 400 tonnes of gold to their reserves. These include Thailand, Brazil, India, Singapore, Uzbekistan and Hungary. Thailand’s […]
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Washington/London – Gold prices continue to rise due to the rising inflation and a weakening dollar. Analysts claimed that if this trend continues in the economy, the Gold prices could rise to as much as $3000 an ounce in the next few months. The gold rate jumped by nearly 1.5% in the US markets on […]
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Moscow : The ‘National Wealth Fund’ (NWF), created from the Russian federal budget assets, has received a go-ahead to invest in gold. Russian Prime Minister, Mikhail Mishustin, issued the order to this effect. The NWF has been created to make up the budget deficit in case of an economic crisis and other related necessary measures. […]
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Mumbai: The World Gold Council (WGC) published a report regarding the gold purchases around the world in the three months, from January to March. There was a decline of 23% in the global gold demand in these three months. In the same period, Indians made heavy purchases of gold, and the demand recorded an increase […]
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Texas: The oil demand in the international market will increase in the next six months and so will the oil rates. Goldman Sachs, the renowned international financial institution from the United States, claimed that these rates would reach $80 per barrel levels. A few days ago, Goldman Sachs had claimed that Copper would become the […]
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Tehran: – Iranian President Hassan Rouhani warned that the Biden administration in the United States missed a golden opportunity to sign a nuclear deal with Iran. Reports were published that the Biden administration was about to present a fresh nuclear deal proposal to Iran. In the proposal, the United States suggested that if Iran stopped […]
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Mumbai: – Indians purchased 40 tonnes of gold, on the occasion of Dhanteras, ignoring the Coronavirus crisis and the slowing of the Indian economy. It has been noted that there has been a 30% increase over the sales on Dhanteras last year. There were gold sales worth a whopping Rs 200 billion on one single […]
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Geneva: – Local leaders accused that the Pakistan government has handed over the Gold and Uranium mines, in the Gilgit Baltistan region, to China. Nasir Aziz Khan, main spokesman of the United Kashmir People’s National Party (UKPNP), from Gilgit Baltistan, gave this information. A few months ago, the Pakistan government signed an agreement with China, […]
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New York/London: The gold rate spurted on Tuesday against the background of the Coronavirus pandemic, enormous funding by the central banks of various countries and the rising tension between the United States and China. In the transactions in the US markets, the value of gold jumped by 1.7%, reaching the historic high of USD 2,021 […]
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New Delhi: – Against the background of the ever-rising tension between the United States and China, the Gold rates jumped in the international market. The Gold rates in India also reached record levels, given the international price rise. The Gold rates on the Multi Commodity Exchange (MCX) rose by 1.5%, reaching ₹52,127 per ten grams. […]
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