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At the beginning of 2024, gold was trading at approximately $2,043 per ounce. As of this writing, it has risen to just over $2,340 per ounce, marking a gain of greater than 14% in under six months.
Gold prices have broken record after record, rising more than 30% in 2024 while hitting an all-time high of $2,748.23 this week. ... USA TODAY. Jay-Z, Beyoncé present a united front with Blue Ivy ...
This fall was linked to the slash in import duty on gold from 15% to 6% during the 2024 Union budget of India. [ 8 ] After the final redemption of the 2016-I series, it was rumoured that the scheme was turning out to be very expensive for the Indian government, due to an unexpected rise in the prices of gold.
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12 June – The Indian external affairs ministry issues a notice urging the Russian Government to quickly return all Indian nationals who are serving in the Russian army after two Indians recruited are killed in the war with Ukraine. [86] 14 June – 2024 Northeast India floods: Heavy rains and landslides kill six people across Sikkim. [87]
Gold smuggling was rampant in India until liberalisation, which repealed The Gold (Control) Act, 1968 that prohibited the import of gold except for jewellery. [4] In the 2011–12 period India's current account deficit burgeoned to 4.2% of its GDP. [5] This was due to high prices of oil and gold, which the country imports in huge volumes. [6]
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It can dispense gold coins ranging from 0.5 grams to 100 grams. [11] [12] [13] In the machine, people can use credit or debit card. [14] It gives 24/7 service to their customers [15] and also gives the live price of gold. [16] The gold will be of 24 carat and can store 5 kg gold. [17] [18] It gives pure and hallmarked gold coins. [19]