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Asante Gold Started to Trade on the Ghana Stock Exchange

Asante Gold Started to Trade on the Ghana Stock Exchange

July 1st 2022
The GSE listing of the company complements its listing in Canada and Germany.
India Lifted Gold Import Duty to 15%

India Lifted Gold Import Duty to 15%

The basic customs duty on gold, 7.5% until now has now been raised to 12.5%.
Zimbabwe to Mint Gold Coins and Sell it Through Banks

Zimbabwe to Mint Gold Coins and Sell it Through Banks

The MPC had recently expressed great concern over the recent jump in inflation, which is feared to drag the country into an economic crisis.
Sovereign Gold Bonds Witnessed Record Inflows in FY22

Sovereign Gold Bonds Witnessed Record Inflows in FY22

Traditionally, gold is considered as a hedge against volatility in the stock market.
G-7 Nations Imposed Ban on Fresh Imports of Russian Gold

G-7 Nations Imposed Ban on Fresh Imports of Russian Gold

Gold has been the second highest export item from Russia after energy in recent years.
India Gold Imports Spiked Amid Surge in Retail Demand

India Gold Imports Spiked Amid Surge in Retail Demand

Looking ahead, WGC expects retail demand to remain soft in June.
WGC Report Spotlights Growth of India’s Gold Refining Industry

WGC Report Spotlights Growth of India’s Gold Refining Industry

Incidentally, India is ranked fourth in global gold recycling.
Swiss Gold Import Data Suggests Purchases from Russia

Swiss Gold Import Data Suggests Purchases from Russia

The Customs data indicates that Switzerland imported 3.1 tonnes of gold worth approximately $200 million from Russia during the month.
WGC: Gold Unaffected by Central Bank Rate Hikes

WGC: Gold Unaffected by Central Bank Rate Hikes

The WGC noted that gold prices remained steady year-to-date, up marginally by 1% in U.S. dollars.
Gold Trade Data Must be Made Public: UN Expert Group

Gold Trade Data Must be Made Public: UN Expert Group

The report indicated heightened fighting over gold deposits involving various ethnic groups.
Finance Ministry Declared First Tranche of Gold Bond Scheme

Finance Ministry Declared First Tranche of Gold Bond Scheme

For Series II of the bonds, the subscription will be open from 22nd August to 26th August. The date of issuance has been fixed as 30th August.
WGC Highlights Gold’s Lasting Appeal and Shine

WGC Highlights Gold’s Lasting Appeal and Shine

Gold is cheap to store, compared with other assets such as oil and natural gas which requires huge storage costs.
WGC Predicted Demand Recovery in Chinese Gold Market

WGC Predicted Demand Recovery in Chinese Gold Market

The Chinese gold ETFs recorded outflows during the month.
Gold Viewed as a Reserve Asset by Central Banks

Gold Viewed as a Reserve Asset by Central Banks

Nearly 59% of the respondents said that historical position as the highly relevant factor for their organization to continue to hold gold.

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