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RBI Buys 27 Tonnes of Gold in October 2024, Boosting Reserves to 882 Tonnes

In October 2024, the Reserve Bank of India (RBI) made a significant move by adding 27 tonnes of gold to its reserves, bringing its total gold purchases for the year to 78 tonnes. This marks the highest level of purchases since 2009, when India acquired 200 tonnes from the International Monetary Fund (IMF). The RBI's total gold reserves now stand at 882 tonnes. In comparison, India had bought only 16 tonnes of gold in 2023. The RBI's gold purchase comes amid global economic i

Finance & Economics

05 Dec 2024 11:23 AM

RBI Buys 27 Tonnes of Gold in October 2024, Boosting Reserves to 882 Tonnes

In October 2024, the Reserve Bank of India (RBI) made a significant move by adding 27 tonnes of gold to its reserves, bringing its total gold purchases for the year to 78 tonnes. This marks the highest level of purchases since 2009, when India acquired 200 tonnes from the International Monetary Fund (IMF). The RBI's total gold reserves now stand at 882 tonnes. In comparison, India had bought only 16 tonnes of gold in 2023. The RBI's gold purchase comes amid global economic i

Finance & Economics

Gold and Silver Prices See Recovery After Volatile Week

Gold prices stood at Rs 76,140 as of 7:00 a.m., according to the India Bullion Association, marking a slight recovery of Rs 720 from the previous day's decline. November has seen significant volatility in gold prices, with a sharp drop following the festive season, followed by a rebound driven by geopolitical conflicts. The price chart for gold has been fluctuating throughout November. Initially, demand during the festive season led to a rally, pushing prices to Rs 81,500. Howev

Business

28 Nov 2024 00:52 AM

Gold and Silver Prices See Recovery After Volatile Week

Gold prices stood at Rs 76,140 as of 7:00 a.m., according to the India Bullion Association, marking a slight recovery of Rs 720 from the previous day's decline. November has seen significant volatility in gold prices, with a sharp drop following the festive season, followed by a rebound driven by geopolitical conflicts. The price chart for gold has been fluctuating throughout November. Initially, demand during the festive season led to a rally, pushing prices to Rs 81,500. Howev

Business

Gold Prices Drop to Rs 75,420 Amid Market Volatility

Gold prices have dropped to Rs 75,420 as of 7:00 a.m. today, according to the India Bullion Association. This marks a decline after gold reached a high of Rs 78,000 on November 23. The yellow metal has experienced significant price volatility, largely driven by global market factors such as the US election results and geopolitical conflicts, which have directly impacted gold rates worldwide. After a brief rally during the festive season, which saw gold prices climb to Rs 81,500 in N

Business

27 Nov 2024 00:57 AM

Gold Prices Drop to Rs 75,420 Amid Market Volatility

Gold prices have dropped to Rs 75,420 as of 7:00 a.m. today, according to the India Bullion Association. This marks a decline after gold reached a high of Rs 78,000 on November 23. The yellow metal has experienced significant price volatility, largely driven by global market factors such as the US election results and geopolitical conflicts, which have directly impacted gold rates worldwide. After a brief rally during the festive season, which saw gold prices climb to Rs 81,500 in N

Business

India's Trade Deficit Expands Amid Surge in Gold Imports: Economic Outlook

India's trade deficit saw a notable increase in August, reaching $29.65 billion, up from $23.5 billion in July. This expansion was primarily driven by a sharp rise in gold imports, which totaled $10 billion—an astonishing 103.7% increase compared to the previous year. The surge in gold imports is linked to a reduction in customs duties, now set at 6%, which spurred consumers to stock up ahead of the festive season. Madhavi Arora, lead economist at Emkay, noted that while t

Business

27 Sep 2024 07:42 AM

India's Trade Deficit Expands Amid Surge in Gold Imports: Economic Outlook

India's trade deficit saw a notable increase in August, reaching $29.65 billion, up from $23.5 billion in July. This expansion was primarily driven by a sharp rise in gold imports, which totaled $10 billion—an astonishing 103.7% increase compared to the previous year. The surge in gold imports is linked to a reduction in customs duties, now set at 6%, which spurred consumers to stock up ahead of the festive season. Madhavi Arora, lead economist at Emkay, noted that while t

Business

India Makes History: Men's and Women's Teams Win Gold at 45th Chess Olympiad

India made history on Sunday as both its men's and women's chess teams secured their maiden gold medals at the 45th Chess Olympiad. In a stunning display of skill and strategy, the men's team triumphed over Slovenia, while the women's team dominated Azerbaijan, marking a monumental achievement in Indian chess. In the final round, the men's team showcased their prowess as D Gukesh, Arjun Erigaisi, and R Praggnanadhaa all claimed victories. Gukesh, facing Vladimir

Sports & Games

22 Sep 2024 11:45 AM

India Makes History: Men's and Women's Teams Win Gold at 45th Chess Olympiad

India made history on Sunday as both its men's and women's chess teams secured their maiden gold medals at the 45th Chess Olympiad. In a stunning display of skill and strategy, the men's team triumphed over Slovenia, while the women's team dominated Azerbaijan, marking a monumental achievement in Indian chess. In the final round, the men's team showcased their prowess as D Gukesh, Arjun Erigaisi, and R Praggnanadhaa all claimed victories. Gukesh, facing Vladimir

Sports & Games

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#gold-india

RBI Buys 27 Tonnes of Gold in October 2024, Boosting Reserves to 882 Tonnes

RBI Buys 27 Tonnes of Gold in October 2024, Boosting Reserves to 882 Tonnes

Gold and Silver Prices See Recovery After Volatile Week

Gold and Silver Prices See Recovery After Volatile Week

Gold Prices Drop to Rs 75,420 Amid Market Volatility

Gold Prices Drop to Rs 75,420 Amid Market Volatility

India's Trade Deficit Expands Amid Surge in Gold Imports: Economic Outlook

India's Trade Deficit Expands Amid Surge in Gold Imports: Economic Outlook

India Makes History: Men's and Women's Teams Win Gold at 45th Chess Olympiad

India Makes History: Men's and Women's Teams Win Gold at 45th Chess Olympiad

Forged MLA Letter Row Sparks Fresh Political Storm In Tamil Nadu

Apple to Build AI Server Factory in Texas as Part of $500 Billion U.S. Investment

G7 leaders confront iran conflict and global energy shock

The Evolution of Commerce: Exploring the Ascendancy of E-commerce

TVK To Contest Puducherry Elections 2026 Alone Announces 30 Candidates

Multiple tomato brands pulled from shelves across U.S.

Amazon's Agentic AI in Sunnyvale to Revolutionize Same-Day Delivery and Supply Chain

Givati Soldiers Walkout Triggers IDF Investigation

FDA Action on GLP-1 Drugs Sparks Surge in Unproven Weight Loss Supplements

Saudi-led coalition reports pre-emptive strikes amid rising tensions in Yemen

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Forged MLA Letter Row Sparks Fresh Political Storm In Tamil Nadu

Apple to Build AI Server Factory in Texas as Part of $500 Billion U.S. Investment

G7 leaders confront iran conflict and global energy shock

The Evolution of Commerce: Exploring the Ascendancy of E-commerce

TVK To Contest Puducherry Elections 2026 Alone Announces 30 Candidates

Multiple tomato brands pulled from shelves across U.S.

Amazon's Agentic AI in Sunnyvale to Revolutionize Same-Day Delivery and Supply Chain

Givati Soldiers Walkout Triggers IDF Investigation

FDA Action on GLP-1 Drugs Sparks Surge in Unproven Weight Loss Supplements

Saudi-led coalition reports pre-emptive strikes amid rising tensions in Yemen

#gold-india

RBI Buys 27 Tonnes of Gold in October 2024, Boosting Reserves to 882 Tonnes

RBI Buys 27 Tonnes of Gold in October 2024, Boosting Reserves to 882 Tonnes

Gold and Silver Prices See Recovery After Volatile Week

Gold and Silver Prices See Recovery After Volatile Week

Gold Prices Drop to Rs 75,420 Amid Market Volatility

Gold Prices Drop to Rs 75,420 Amid Market Volatility

India's Trade Deficit Expands Amid Surge in Gold Imports: Economic Outlook

India's Trade Deficit Expands Amid Surge in Gold Imports: Economic Outlook

India Makes History: Men's and Women's Teams Win Gold at 45th Chess Olympiad

India Makes History: Men's and Women's Teams Win Gold at 45th Chess Olympiad

Forged MLA Letter Row Sparks Fresh Political Storm In Tamil Nadu

Apple to Build AI Server Factory in Texas as Part of $500 Billion U.S. Investment

G7 leaders confront iran conflict and global energy shock

The Evolution of Commerce: Exploring the Ascendancy of E-commerce

TVK To Contest Puducherry Elections 2026 Alone Announces 30 Candidates

Multiple tomato brands pulled from shelves across U.S.

Amazon's Agentic AI in Sunnyvale to Revolutionize Same-Day Delivery and Supply Chain

Givati Soldiers Walkout Triggers IDF Investigation

FDA Action on GLP-1 Drugs Sparks Surge in Unproven Weight Loss Supplements

Saudi-led coalition reports pre-emptive strikes amid rising tensions in Yemen

Popular Cities