According to the World Gold Council (WGC) report ‘Gold Demand Trends 2021’ has informed that the global gold demand rose 10 per cent in 2021 to 4,021.3 tonnes. The overall gold demand during 2020, which was impacted following Covid-19 related disruptions, stood at 3,658.8 tonnes.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The demand for the yellow metal was mainly driven by Central bank buying during the fourth quarter of 2021, recovery in jewellery consumption, mainly in India and China. India’s gold consumption surged to 797.3 tonnes in 2021, on the back of the recovery in consumer sentiments and pent-up demand post Covid-19-related disruptions and the bullish trend is set to continue this year as well.
Important takeaways for all competitive exams:
In a significant move aimed at reorganizing governance and addressing political and administrative challenges, President…
Exams such as SSC, Banking, Railways, and state-level tests offer paths to prestigious positions in…
Mysore, a city in the southern state of Karnataka, India, is famous for its rich…
The upcoming Champions Trophy 2025 marks the ninth edition of the ICC Champions Trophy, featuring…
The 2025 ICC Champions Trophy is set to mark the ninth edition of this prestigious…
India's nuclear program focuses on using nuclear energy for peaceful purposes, like producing electricity and…