Gold imports have been recording negative growth since December last year. India’s gold imports contracted for the fifth consecutive month in a row, falling by about 100 per cent to USD 2.83 million in April due to the lockdowns imposed globally on account of coronavrius outbreak.
India
India’s Sensex Declines Ahead of Central Bank’s Rate Review
The S&P BSE Sensex declined 0.6 percent, the most in two weeks, to 35,907.31 as of 9:53 a.m. in Mumbai, while the NSE Nifty 50 Index slipped 0.7 percent. Markets across Asia tumbled following the biggest slide on Wall Street since mid-October.
Gold Rises as the US and China’s Pause on Tariff Escalation Weighs on the Dollar
Gold Silver Reports (GSR) – Spot gold was up 0.3 percent at $1,225.67 per ounce at 0407 GMT, while U.S. gold futures were up 0.4 percent at $1,230.4 per ounce.
Dhanteras 2018: जानिये कब है धनतेरस, क्या है पूजन और खरीददारी का शुभ मुहूर्त
Dhanteras 2018: दिवाली से ठीक दो दिन पूर्व धनतेरस का त्योहार मनाया जाता है. दरअसल, ऐसी मान्यता है कि धनतेरस के दिन यानी धनत्रयोदशी के दिन भगवान धनवंतरी का जन्म हुआ था. तभी से धनत्रयोदशी के दिन को धनतेरस के रूप में मनाया जाने लगा और इस दिन को धन तेरस के रूप में पूजा जाता है. इस बार धनतेरस 5 नवंबर को है.
So Should You Buy Gold at a Time Like This? – Gold Silver Reports
The price of gold (99.9 percent purity) was around Rs. 31,900/10 gm in the bullion market on October 5. The fear of a full-blown trade war between the US and China in the near future has pushed up the demand for gold, and its prices.
Sensex Kiss All-Time High
Gold Silver Reports (GSR) – Sensex Kiss All-Time High – BSE Sensex traded higher by 94.19 points, or 0.26%, to 36,812.79, while the Nifty 50 rose 27.70 points, or 0.25%, to 11,112.45.
India CPI Inflation Rises To 4.58% In April
India CPI Inflation – The index of consumer price inflation stood at 4.58 percent in April, overturning a three month slide from its peak, according to data released by the Central Statistics Office. Economists polled Expected CPI inflation at 4.41 percent. Inflation stood at 4.28 percent in March, and 4.4 percent in February.