World Gold Council:

GS Paper 2: Topics Covered: Important International institutions, agencies and fora, their structure, mandate.   World Gold Council: Context: As per WGC’s ‘Bullion Trade in India’ report: Imports made up 86% of India’s gold supply between 2016-2020, and inbound shipments continue to grow despite high import duty. Since the first duty hike in 2012, India …

World Gold Council

Topics Covered: Important International institutions, agencies and fora, their structure, mandate. World Gold Council: Context: As per WGC, Gold demand in India hit a 25-year low at 446.4 tonnes in 2020, compared with 690.4 tonnes in 2019 due to the COVID-19 induced lockdown and on account of record high prices. Gold & Economy: As Currency: Gold …