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 New Indian Express Villupuram.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 18, 2024-utgaven av The New Indian Express Villupuram.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
RAHUL AND JADEJA BRING ORDER AS INDIA TAIL WAGS
Poor form and captaincy issues could be two unrelated things as Rohit falls for another low score on day four in Brisbane on Tuesday
OLDEST KNOWN ANIMAL WITH 'SABER TEETH'
CHICAGO: The first true mammals evolved roughly 200 million years ago, during the early days of the dinosaurs.
RAHUL AND JADEJA BRING ORDER AS INDIA TAIL WAGS
SOMEWHERE in the middle of the first innings, Virat Kohli rushed out of the Gabba dressing room, called up Abhimanyu Easwaran, told him something in earnestness and sent him off the ground.
Two World Champions, 31 GMs, Tamil Nadu is the best: Anand
OPEN rooftop car. Scores of people. Cavalcade of cars. It was another maddening but memorable day in the newly-crowned world champ, D Gukesh's, life.
Rana wouldn't have got into our playing XI: Gujarat coach Klinger
GUJARAT GIANTS, after finishing last in the back-to-back Women's Premier League points table, went into the mini-auction looking to make a few important changes.
Bid in satellite spectrum not feasible: Scindia
A day after Congress leader Jairam Ramesh raised concerns over the government's decision to administratively allocate satellite spectrum in the country, communications minister Jyotiraditya Scindia on Tuesday defended the move, saying that satellite spectrum is neither suitable nor practical for auction.
ITC Hotel demerger from January 1, 2025
FMCG giant ITC Ltd has fixed January 1, 2025 as the effective date for the demerger of its hotel business after receiving an order from the National Company Law Tribunal (NCLT).
Sebi may tighten SME listing norms, bring in transparency
THE Securities and Exchange Board's (Sebi) board meeting slated for Wednesday is likely to come up with a slew of measures to clean the SME IPOs space that has, of late, received regulatory attention.
Slower Q2 GDP growth temporary blip, will see healthy growth in coming qtrs: FM
FINANCE Minister Nirmala Sitharaman has termed the second quarter GDP growth slowdown a temporary blip and expressed her confidence that the economy will see healthy growth in the coming quarters.
Gold import up on tariff cut, UAE pact
331% rise in import of yellow metal to $15 bn in Nov resulted in trade deficit, pressure on rupee
