In 2023, Mumbai, India’s gold demand declined by 3 per cent to 747.5 tonnes, and if prices hold out and do not substantially fluctuate, demand could jump to 800-900 tonnes. According to the World Gold Council (WGC) Gold Demand Trends report 2023, the country’s total gold demand stood at 774.1 tonnes in 2022. In 2023,
The Pakistan central bank announced that it would introduce new currency notes with enhanced security features to combat counterfeiting. State Bank of Pakistan Governor Jameel Ahmed told the media here that the new currency notes will have advanced international security features, including distinct security numbers and designs. According to news agency PTI, the State bank
The popularity of forex trading has been skyrocketing in the past few years. Thanks to all the advanced trading platforms and automated tools that made the forex market easier for ordinary people like us to access and navigate. But getting enough education is a must before becoming an independent forex trader. ‘Pip’ is one of
Gold and brass are two distinct metals, each possessing unique qualities and characteristics. While gold is celebrated for its timeless beauty and considerable value, brass is a more common metal often used in various applications. If you’re interested in investing in gold or understanding the different types of gold, it’s essential to know how to
The US Treasury yields saw a significant decline in the week gone by after the Chair of US Fed failed to direct investors toward pricing more tightening of monetary policy. After from this, the US employment data exhibited a significant slowdown in hiring activity. Large retreat in yields adversely impacted the US dollar, resulting in significant
Safe-haven buying fueled gold prices to an 11-week high on Wednesday, as the front-month Comex futures price approached $2,000 an ounce. At 7 am Sydney time, the front-month contract surged by over $26 or over 1.3%, to just over $1,963. Despite higher bond yields and a strengthening greenback, Comex gold prices have climbed 4% over
Despite slow and steady global de-dollarization, the Chinese yuan has little chance of dethroning the US dollar. It makes sense for China to want its yuan, or a collective of other currencies, to break up the dominance of the dollar, according to a note by GlobalData TS Lombard’s Skylar Montgomery. Montgomery says the dollar’s reserve
Have you ever thought about which are the Strongest currencies in the world? No? You all must be thinking that it is the British Pound (GBP) or U.S Dollar (USD). Well, think again about this, you must be wrong. 180 Currencies are recognized by the United Nations used in 195 Countries in all over the
The Reserve Bank of India (RBI) said on Thursday that half of India’s ₹2000 bank notes are now in banks. In contrast to the demonetisation of 500 and 1,000 notes earlier, these banknotes remain legal tender until September 30, even though they were removed by the RBI on May 19. As of March 31, there
Gold imports may have fallen due to higher prices, however a look at the Reserve Bank- RBI of India’s annual report indicates that their gold holdings had risen in the financial year ending 31 March 2023. Imports dropped 24.2% to 35 tonnes, while their total holdings were 794.63 metric tonnes compared to 760.42 metric tonnes
