The value of India’s gold reserves increased by $315 million to $37.026 billion.
Retail consumers in India continued to buy up physical gold this week as prices retreated to a near one-year low, while lower rates also injected fresh activity in other hubs, especially Singapore.
Rising trade deficit along with chances of a populist budget might dampen rupee’s prospects during the coming week. Nevertheless, persistent interest of Foreign institutional investors (FIIs) in India’s equity market will arrest any sharp depreciation moves.
The year 2021 is likely to add to the shine of the gold as consumer demand which has largely been subdued amid the pandemic may rise on the back of economic recovery of the emerging markets, said a report by the World Gold Council (WGC).
“Dubai and the UAE continue to demonstrate their commitment to supporting the global technology community in accelerating growth and innovation, boosting resilience and driving its transformation agenda in the post-pandemic phase."
#StopTheWaste is a movement for change launched by the United Nations World Food Programme and aims to spotlight the global issue of food waste and offer a simple solution we can all take to fight hunger by just wasting less food.
Expo 2020 Dubai can serve as a role model for future global events in the new normal, to bring people from all over the world together again,