December 13, 2024 21:45 (IST)
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India shines in gold purchases, outpaces China by 51% in 3 months

India shines in gold purchases, outpaces China by 51% in 3 months

Oct 31, 2024, at 08:25 pm

New Delhi/IBNS: Indians bought a substantial 248.3 tonnes of gold between July and September 2024, which is 51 percent more than the 165 tonnes purchased in China during the same period, according to the World Gold Council’s latest data.

Russia rises gold purchases by 601% to evade sanctions

Russia rises gold purchases by 601% to evade sanctions

Sep 07, 2024, at 10:46 pm

Moscow/IBNS: As Western sanctions continue to tighten around Russia, Moscow on Friday (Sept 6) announced that the country will increase its daily gold purchases to 8.2 billion rubles, which represents a 601 percent rise from previous occasions, to bypass financial restrictions and maintain trade with its partners.