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Indian Gold Demand
India's gold demand witnessed an 18 per cent on-year growth during the July-September quarter of this year to 248.3 tonnes, as the reduction in gold import duty resulted in a revival in jewellery demand, the World Gold Council (WGC) said in a report on Wednesday. The overall gold demand during the corresponding quarter of last year stood at 210.2 tonnes, according to the WGC's Q3 2024 Gold Demand Trends report. However, with gold prices ruling at all-time highs, there might be an increased trend for investors to wait for price corrections. The full-year gold demand is likely to be in the range of 700-750 tonnes, slightly less than last year, as Dhanteras and wedding season is likely to boost overall gold demand. In 2023, India's gold demand stood at 761 tonnes. On Tuesday, gold price rose by Rs 300 to Rs 81,400 per 10 grams, near its record high level, in the national capital due to heavy demand for Dhanteras by jewellers and retailers. In terms of value, gold demand went up by 53
India requires a mandate for a clear and continuous leadership that can take decisions to make it a developed nation by 2047, former top Indian diplomat Harsh Vardhan Shringla said Wednesday. Shringla said even in the US he has got an impression that the administration would like to see a clear mandate in India that would make it a strong economic power. What we need is a mandate for a clear and continuous leadership that can take the decision that will take Bharat to a Vikshit Bharat stage by 2047, Shringla told PTI. The former foreign secretary and the Indian Ambassador to the US is currently on a private visit. The youth, which is the majority of the country, expect that and they will provide a mandate to the leadership that will bring them the best opportunities and take us to a situation we have never even dreamt of being a developed country in every sense of the world whether it is women empowerment, economic, socioeconomic or environmental developments, he said. I think we