scorecardresearch
Thursday, August 14, 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

Biting terror, doggone dilemma, urban menace. Indian TV war over Delhi street dogs

News channels were also in two minds about removing stray dogs to the government dog pounds. NDTV took credit for it and CNN-News 18 called ‘controversial order’.

Slashing GST on waste can unlock Rs 1.8 lakh crore, high tax hurting circular economy goals—CSE

Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.

India, US troops to undertake joint military exercise next month, first after Op Sindoor

21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.