(Bloomberg) Total gold demand hit a record last year and is expected to expand again in 2024 as the US Federal Reserve moves toward cutting interest rates, potentially aiding prices, according to the World Gold Council.Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneMusk Says First Neuralink Patient Received Implant in BrainMicrosoft Sales Top Estimates; Cloud Growth Disappoints SomeTech Giants Slide in Late Trading After Earnings: Markets Wra
India s gold demand is expected to be subdued in the first quarter of 2024 due to lower jewelry sales. However, annual demand is anticipated to rise as consumers adjust to higher prices. The World Gold Council (WGC) projects that India s gold demand, which has been stuck between 700 and 800 metric tons in the past five years, will break out of this range and rise to between 800 and 900 tons in 2024.
In the clip shared on X by a user named Zain Rajpoot, Saeed was seen performing his 2012 hit song “Ku Ku”. In the midst of his performance, he threw the microphone at the crowd.
India’s Gold Consumption: Demand for gold jewellery in 2023 dropped by 6% to 562.3 tonnes compared with 2022, WGC data released on Wednesday showed. The year, however, saw an improvement in gold investment demand, which increased by 7% to 185.2 tonnes, as consumers saw an investment opportunity in the uptrend in prices.
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