Good news, good news
Our current account (difference between imports and exports) is at a surplus
India recorded a current account surplus of 5.7$ in the quarter ending In March of 2024
Bad news
Our exports Of Gem and jwellery export last month
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PRATHAM
•
Medial • 11m
Bad News: Gold reserves are decreasing in India for obvious reasons
As India imports it for jewellery making. Indians are obsessed with gold jewellerys
Since Gold 🪙 price reaches Sky🔥🔥. Here is an interesting fact that will shock you.- Indian 🇮🇳 women… Hold Gold jewellery of 25,000 tonnes, comparing that to world's gold reserves 🔸🔸🔸
Gold reserves by Country
🇺🇸 United States - 8000 tonn
Many people are happy about the reduction in the trade deficit, but the reality is that the reason behind India's trade deficit decreasing is that India has slightly reduced its imports of gold, silver, and crude this time.
1 replies3 likes
Mahendra Lochhab
Content creator • 12m
RBI has sent back 100 tonnes of its gold reserves from Britain to India.
During the crisis in 1991, we had to send gold out overnight.
Now Finally RBI taken our gold from UK ( Britain ) . Great achievement by India.
This gold belongs to India 🇮🇳.
Few decades ago India give that gold to UK because of bad economic conditions.
7 replies23 likes
Raghu Vinay C
One more step ! • 2m
My Greetings,
Does anyone know statistical data on gold imports and mining in india, every year till 2024. Does anyone have statistics data on it.
0 replies5 likes
Kimiko
Startups | AI | info... • 25d
India Tops in Global Jewellery Demand Share (2024):
(Source: World Gold Council)
India – 30.01%
China – 25.53%
United States – 7.03%
Russia – 2.19%
Turkey – 2.17%
Saudi Arabia – 1.86%
United Arab Emirates – 1.84%
0 replies9 likes
Muttu Havalagi
🎥-🎵-🏏-⚽ "Finding ... • 3m
RBI Increases Gold Purchases
The Reserve Bank of India has significantly increased its gold purchases, buying 50 tonnes so far in FY25. This move aims to diversify its foreign exchange reserves and mitigate revaluation risks, as part of efforts to m
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0 replies7 likes
Priyant Dhrangdhariya
Head of Finance @ Th... • 1y
India’s Gold Loan Market: A Glittering Opportunity
The Sparkling Growth: Bajaj Finserv Ltd., a diversified NBFC, predicts India’s gold loan market—valued at $55.52 billion in 2022—will soar to $124.45 billion by 2029. A 12.22% annual growth fuels t
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3 replies8 likes
Sairaj Kadam
Entrepreneur • 5m
What Happens When Forex Reserves Decline?
We should understand it, Because India is going through that.
Let’s break it down step by step.
Let’s Understand What Forex Reserve Is
Forex reserves are a country’s savings in foreign currencies, gol
Delivering gold/silver coins in 10 Minutes ‼️
Now this going serious, this doesn't seems good to me for obvious reasons. Yk how people will misuse this.
Ex: people used to order original Nike shoes and used to give the fake one in return also yk t