Sachin Jain News - Latest Updates & Headlines
Fundamentals of gold remain strong, no panic selling amidst US tariff: WGC
New Delhi, April 7: The fundamentals of gold as an asset class are "very strong" and they will continue to be "very strong" throughout the year, and the latest correction was on expected lines post the imposition of Trump's reciprocal tariffs, said Sachin Jain, Regional CEO India at World Gold Council (WGC).
Buying by Central banks leads to record global gold demand; Jewellery demand down by 11 pc in 2024: WGC
New Delhi, February 5: The World Gold Council's Q4 and Full Year 2024 Gold Demand Trends report has revealed that total global gold demand, including over-the-counter (OTC) transactions, reached a record high of 4,974 tonnes in 2024.
Any increase in import duty in Budget may have adverse effect: World Gold Council
New Delhi, January 26: The government's decision last July to reduce import duties on gold has had a significantly positive impact on the industry, and any increase in tariffs in the upcoming Budget may have adverse effects, said the World Gold Council (WGC).