On a scale of 1 to 10, I would personally rate this budget as 7: MD, RSBL New Delhi [India], Feb. 3 (ANI-BusinessWire India): Managing Director of RiddiSiddhi Bullion Ltd (RSBL), Prithviraj Kothari, while sharing his views on the Union Budget 2017-18, stated ... DNA, 3 weeks ago
India's gold demand has slumped to its lowest in 13 years due to various measures announced by the government to discourage purchases, reports Dilip Kumar Jha in Business Standard.'GFMS, a precious metals consultancy, estimated India's gold demand at 580 tonnes in 2016, a decline of 34 per cent from the previous year. This level of demand has not been seen in India since 2003,' he writes. The World Gold Council (WGC), however, maintains gold demand in India in 2016 at 650-750 ...Rediff.com, 3 weeks ago Price slump fails to revive gold demand in India; China premiums shrink| Reuters First Post.com, 2 months ago
Dealers anticipated a sharp rise in jewellery demand this wedding season, but then came demonetisation.Dilip Kumar Jha/Business Standard reports. India's gold import in November was the highest in this calendar year, due to a sharp increase in demand from bullion dealers and stockists. Trade sources estimate import at 100 tonnes, as compared to 98 tonnes in the same month last year and 84 tonnes in October. Dealers and stockists were anticipating a sharp rise in jewellery demand this wedding ...Rediff.com, 2 months ago
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