Is it time to pause that gold purchase? With gold imports hitting a record $72 billion and prices nearing ₹1.5 lakh per 10g, PM Modi is calling for austerity. Here’s how the gold rush is affecting India’s trade deficit and why the Dubai trade route is under scrutiny.
https://english.mathrubhumi.com/news/money/record-surge-in-indias-gold-imports-why-government-is-calling-for-austerity-awz6mj3d?utm_source=dlvr.it&utm_medium=mastodon #GoldPriceIndia #IndianEconomy #GoldImports #TradeDeficit
Breaking News: Gold: सोना–चांदी आयात में जोरदार उछाल
Gold: भारत में अक्टूबर के व्यापार आंकड़ों ने चौंकाने वाला रुझान दिखाया है। सोने और चांदी के इंपोर्ट में अभूतपूर्व तेजी देखी गई, जिसके कारण
Hindi VaarthaFrom Russia with gold: UAE cashes in as sanctions bite
In the year since the Ukraine war started the UAE imported 75 tons of Russian gold worth $4.3 billion - up from 1.3 tons in 2021. China and Turkey were the next biggest destinations.
#Russia #RussianSanctions #UAE #Gold #GoldImports
https://www.reuters.com/markets/russia-with-gold-uae-cashes-sanctions-bite-2023-05-25/

Exclusive: From Russia with gold: UAE cashes in as sanctions bite
The United Arab Emirates has become a key trade hub for Russian gold since Western sanctions over Ukraine cut Russia's more traditional export routes, Russian customs records show.
Reuters