A salesman shows gold bangles to a customer at a jewellery showroom in Kolkata, India. Reuters
Ace sprinter Hima Das bagged her third international gold in two weeks after she bagged the top spot in women's 200m event at the Kladno Memorial Athletics Meet here in Czech Republic.
India’s foreign exchange reserves increased by $1.368 billion during the week ended May 10, official data showed. According to the Reserve Bank of India’s weekly statistical supplement, the overall forex reserves rose to $420 billion from $418.687 billion reported for the week ended May 3.
Gold demand was robust in India and Singapore this week as a correction in prices ahead of a key gold-buying festival boosted purchases even as major centres like China and Japan were closed for most of the week due to holidays.
Gold prices have hit a record high amid a rush for safe haven assets owing to the fears of a recession. Goehring & Rozencwajg, a research firm which focuses on investments in natural resources, says the great gold bull market has begun.
British Prime Minister Boris Johnson said on Sunday his government would iron out what he described “technical issues” with the European Union over post-Brexit trade.
The UAE has made significant progress in its mission to empower women in the workforce across various sectors and the nation’s women can today be classified as role models for the rest of the world.
China’s February exports grew at a record pace from a year earlier when COVID-19 battered the world’s second-biggest economy, customs data showed on Sunday, while imports rose less sharply.