A woman tries on a gold bracelet at a jewellery showroom in Siliguri. File/ Reuters
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.
India’s foreign exchange reserves rose by $4.483 billion during the week ending Jan.1. According to the Reserve Bank of India’s weekly statistical supplement, the reserves increased to $585.324 billion from $580.841 billion reported for the week ended December 25.
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).
Eduard Heger, Prime Minister of Slovakia, has recently visited the Dubai Smart Police Station (SPS) at Expo 2020, which provides policing service to visitors
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