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).
The paper, Global China 2049 Initiative: Challenges and Opportunities for the US, has been produced by CSGEF Non-Resident Fellow Prof. Yana Leksyutina as part of its Future of Economic Powers & Geoeconomics (EP&G) Programme.
Rapid response measures from the government and decisive adaptive changes in the face of COVID-19 have enabled Dubai to successfully contain the pandemic
The Dubai Airport Freezone Authority (Dafza) has announced the results of its operational performance for the first half of 2021. The free zone achieved growth in new sales revenues with an increase of 8.3%,