Sunday, 3 July, 2022
TopicGold demand

Topic: Gold demand

India’s gold demand could take bigger beating if prices continue to spiral upward

Swansy Afonso -
Sales slumped 18% from a year earlier & imports plummeted over half in the first quarter as prices surged & fresh Covid outbreak kept people away from stores, World Gold Council said.

Markets, inflation are feeding Indians’ gold frenzy. Govt should wean them away

Ila Patnaik -
Marriage and festive demand, and high inflation are pushing gold imports. Decline in interest rates on savings instruments, and equity market issues could boost this further.

India’s pandemic paradox: Poor pledge gold, rich buy more gold, pushing imports up by 200%

Remya Nair -
The trend of relatively well-off people buying gold comes at a time when poorer Indian households continue to pawn their meagre gold for funds. 

Covid hits gold sales on Akshaya Tritiya for second consecutive year

Swansy Afonso -
Recovery in India's gold demand, which bounced back in the first three months of 2021, has faltered again as surging infections force many states to impose lockdown-like curbs.

India’s gold imports more than double in August as demand returns ahead of festivals

Shruti Srivastava -
The rebound in demand follows a nearly 80% drop in imports between January and June and comes as India slowly eases restrictions put in place to control the Covid outbreak.

Gold demand in India seen plunging to lowest on record as prices hit an all-time high

Swansy Afonso -
The consumption of gold fell 56% from a year earlier to 165.6 tons in the first half of 2020. The drop is unlikely to be made up during the rest of the year.

Peak wedding season sees little impact on gold sales, imports slump to five-month low

Shruti Srivastava -
Total overseas purchases slid 15% from the year before as jewellers have been cutting purchases on poor demand.

India’s gold demand expected to drop to lowest since 2016

Swansy Afonso -
Elevated prices and a weak economy have deterred gold buyers in India, the second-biggest bullion consumer in the world, even on the auspicious day of Dhanteras.

High prices, poor demand lead to worst slump for India’s gold imports

Shruti Srivastava -
Jewellers are concerned that the high prices coupled with the floods in many regions may eat into demand during the upcoming festival season.

Price surge spells ‘hell’ for India’s gold sales as demand wanes

Swansy Afonso -
A combination of high taxes, record prices, slowing economic growth and floods are poised to erode India’s gold demand in the peak festival season.
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Opinion

Kanhaiya Lal Teli’s body being taken for last rites in Udaipur on 29 June 2022 | Photo: ThePrint | Manisha Mondal

India’s blasphemy beheadings have a new audience—and they’re sitting behind smartphones

Praveen Swami -
Videos on social media have become a key feature of blasphemy killings. Each inspires communal competitors to stage a more macabre act of revenge.
Credit: ThePrint Team

Why the rupee’s ‘record low’ is not necessarily a cause for concern

PM Modi at the MSME Idea Hackathon, 2022. | Praveen Jain | ThePrint

BJP, Modi’s ‘total politics’ stems from insecurity. They still don’t rule the power elite

Economy

The Reserve Bank of India logo | Photo: Suraj Singh Bisht | ThePrint

RBI intervenes with multi-pronged strategy in battle against rupee fall

Subhadip Sircar -
The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency.

Defence

File photo of Prime Minister Narendra Modi and Egyptian president Abdel Fattah Al Sisi on the latter's first visit to India | Photo: Twitter/@narendramodi

India and Egypt work towards building strategic relationship with focus on defence & security

Nayanima Basu -
From holding joint military exercises to exporting wheat as Russia and Ukraine stop supplies, New Delhi and Cairo are redrawing their relationship as geopolitical tensions rise.    

National Interest

Moral, political & ideological questions on Maharashtra: 1st is simplest to answer, 3rd trickiest

Shekhar Gupta -
What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.

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