China's central bank paused gold purchases to its reserves in May, when spot gold prices hit a record high, after 18 months of consecutive buying
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Looking ahead, the trajectory of US economic growth and inflation will continue to shape currency markets and by extension, gold prices
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Sanjeev Sanyal, a noted economist and a member of the Economic Advisory Council to the Prime Minister of India, taking to X on Friday, wrote that India will now hold most of its gold in its vaults.
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Consolidated Profit after tax increased by 22 per cent YoY to Rs 4,468 crore as against Rs 3,670 crores last year.
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The resource life defines the proven oil reserves.
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The rating agency asserted that the projected revenue would be driven by higher realisations stemming from elevated gold prices, while volume remains steady
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The rating agency noted that the advisories being put out by the RBI concerning non-bank financial institutions (NBFIs) in the recent past have highlighted the compliance gaps in the sector
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Generally, whenever we make expectations related to deposits and advances, we do it conservatively, but the results always outperform our expectations, says K Satyanarayana Raju, MD & CEO, Canara Bank.
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Global gold demand witnessed a 3 per cent year-on-year increase in the first quarter of 2024, totaling 1,238 tonnes
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In India RBI's gold holdings rose to a record high of 822.1 tons by the start of April representing an 18.5 tons net acquisition since the beginning of the year.
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