TheNewsClues
Clues by Admin • 23 Aug 2018, Thursday
Russia is accelerating the rate at which it buys gold as the country continues to move away from traditional asset holdings in response to renewed US sanctions. According to IMF data, Moscow bought 26.1 tonnes of gold in July. That ... Continue Reading
Read More at The Economic Times
Clues by Admin • 23 Aug 2018, Thursday
One97 Communications owned Paytm said that it is all set to cross 1.5 tons in gold transactions during the upcoming festive season and claims to have cornered 70% market share of MMTC-PAMP's virtual gold products in India. Having seen a ... Continue Reading
Read More at The Economic Times
Clues by Admin • 31 Jul 2018, Tuesday
The Parliament was informed today that gold import in volume terms increased by 22.43% to 955.16 tonnes in 2017-18. In 2016-17, the imports stood at 780.14 tonnes, according to the data shared by Minister of State for Commerce and Industry, C R Chaudhary. ... Continue Reading
Read More at The Economic Times
Clues by Admin • 10 Jul 2018, Tuesday
Investors pulled out nearly Rs 150 crore from Gold exchange-traded funds (ETFs) in the April-June quarter. According to the latest data available with the Association of Mutual Funds in India (Amfi), a net sum of Rs 146 crore was pulled out in 14 ... Continue Reading
Read More at The Financial Express
Clues by Admin • 6 Jun 2018, Wednesday
India’s gold import shrank for the fifth month in row in May 2018 on the back of a seasonally weak period for demand. Imports declined by almost 39% to 77.6 tonnes from 126.2 tonnes a year earlier. The purchases exceeded the 52.7 tonnes ... Continue Reading
Read More at Livemint
Clues by Admin • 16 May 2018, Wednesday
Bengaluru based digital payments company PhonePe has reported a 400% jump in the sale of digital gold through its platform, with around 250 kg of 24K gold being sold within five months of its launch. During the Akshay Tritiya festive season ... Continue Reading
Read More at The Economic Times
Clues by Admin • 16 May 2018, Wednesday
As per the data released by the commerce and industry ministry, exports grew by a modest 5.2% to $25.91 billion while imports grew by 4.6% to $39.63 billion in April 2018. The trade deficit stood at $13.72 billion in April, similar to March levels, largely helped ... Continue Reading
Read More at The Economic Times
Clues by Admin • 11 May 2018, Friday
Goldman Sachs and Apple Inc are preparing to launch a joint credit card as early as next year, the Wall Street Journal reported. Apple will replace its rewards-card partnership with Barclays, the report added. The card would carry the Apple ... Continue Reading
Read More at Livemint
Clues by Admin • 18 Apr 2018, Wednesday
Harshad Ajmera, president of Indian Association of Hallmarking Centres, who was speaking at a press conference organised by Bureau of Indian Standards (BIS) on Tuesday said: “India imports around 800 tonnes of gold and around 200 tonnes of gold are recycled. ... Continue Reading
Read More at The Economic Times
Clues by Admin • 14 Apr 2018, Saturday
To reduce physical import of gold, the government has announced its first sale of sovereign gold bonds for FY19, even offering a discount of Rs 50 per gram to those who subscribe online and pay through the digital mode. The bonds ... Continue Reading
Read More at The Economic Times
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