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Wednesday, July 23, 2025
TopicGold

Topic: Gold

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

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.

As gold price soars, so does India’s demand for loans against gold in pandemic season

India’s demand for gold-backed loans has risen as its price crosses Rs 50,000 per 10 gm, allowing families to borrow larger amounts against holdings.

This is the message behind the stunning rally in gold prices – world economy is in trouble

Coronavirus has unleashed a torrent of forces that are conspiring to fuel relentless demand for the perceived safety from turmoil that gold provides.

Top Kerala IAS officer removed for links with woman behind UAE gold ‘smuggling ring’

M. Sivasankar was allegedly close to Swapna Suresh, the key figure in smuggling 30 kg of gold bars in a diplomatic bag bound for the UAE Consulate.

Gold sparkles as Covid fears drive prices up to its highest since 2012

Gold is up 15% this year, buoyed by unprecedented stimulus to aid the global economy hurt by the Covid pandemic.

Gold sales in India unlikely to revive before September

Demand for gold had already slowed due to high prices before the pandemic struck. Jewellers are now waiting for the festival season for a boost.

India’s gold imports slump by 99.5% due to lockdown

India, the second largest consumer of gold in the world, has seen the lowest monthly inflow in records going back to 2010.

GSI denies discovery of speculated 3000-tonne gold deposits in UP Sonbhadra

Geological Survey of India said the organisation carried out work in the region in 1998-99 and 1999-2000. However, the results of exploration work for gold were not encouraging.

Gold sales in India to continue slow growth in 2020

High prices, a slowdown in the domestic economy and weak consumption across sectors saw consumers shying away from gold markets last year.

Indians seen buying more gold in 2020 after 3-year pause

Inbound gold shipments may climb to 750 tons from an estimated 690 tons last year. Imports had slumped as growth slowed & domestic prices surged.

On Camera

China’s Brahmaputra dam is also a military asset. It raises alarm for India

China didn't consult India over the Brahmaputra dam. It acted unilaterally over a transboundary river system that feeds millions downstream.

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.

Indian firm sets up titanium, superalloy plants to meet global need. Safran, Dassault, BAE line up

PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.

Strategic partner one day, tactical nightmare the next: India’s learning Trumplomacy the hard way

Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.