INDIANS' love for gold has often gone against the country's financial health -- with a large part of the demand for the precious metal being fulfilled through imports.
The 331% year-on-year increase in gold imports to $15 billion in November has not only resulted in a record trade deficit during the month, it has also put pressure on the rupee, which has been shy away from the 85-a-dollar level.
The unprecedented increase in gold imports has left many analysts clueless as they feel festive demand alone cannot explain the jump in gold imports.
Denne historien er fra December 18, 2024-utgaven av The Morning Standard.
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Denne historien er fra December 18, 2024-utgaven av The Morning Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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The palette of love
This collection is a poetic ode to modern love - from the stolen glances to the quiet moments shared between a couple
Get your pens and notebooks out for this videogame
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Wicked Part 2 gets official title
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DIFFERENT STROKES
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RAHUL AND JADEJA BRING ORDER AS INDIA TAIL WAGS
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Bid in satellite spectrum not feasible: Scindia
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