Gold prices hit all-time high as India’s festive buying reignites demand

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LONDON, Sept 28 — Gold reached record-breaking levels in September, buoyed by a bumper US interest rate cut, fears of ri...

To stimulate demand, India’s government cut the customs levy for gold.

Gold imports into India more than tripled in August from the previous month, doubling from a year earlier to US$10.1 billion, according to calculations by the World Gold Council (WGC).

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIndiaUkraine

Topics: Gold prices Festive season India Demand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-28 @ 15:58:14 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 529 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 22758741

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