Page 39 - Bullion World Issue 10 February 2022_Neat
P. 39

Bullion World | Issue 10 | February 2022




          Global gold ETFs witness


          net outflows of $9 billion

          in 2021, India sees inflows


          Global gold exchange-traded funds (ETFs) saw net outflows of
          173 tonnes or $9.1 billion as hopes of economic resurgence led
          by vaccine roll-out impacted bullion prices in the first half of the
          year.As per a report by the World Gold Council, assets under
          management (AUM) in value terms dropped 9% to $209 billion
          during the year as net outflows were compounded by a 4%
          contraction in gold prices.

          t portfolios and likely increase the need for a high-quality liquid
          asset such as gold," WGC wrote.

                                                                           SEBI issues
          Source: https://www.livemint.com
                                                                           guidelines for

           India gold demand surges in 2021,

           jewellery purchases almost double:                              operationalising
           World Gold Council                                              gold exchanges



           Gold demand in India overcame pandemic woes to stage a remarkable
           recovery, surging 79 percent in 2021 on the back of pent-up
           purchases in the last quarter of the year.                      The Securities and Exchange Board of India
                                                                           (SEBI) released the framework for gold
           Demand for the precious metal climbed to 797.3 tonnes last year   exchanges in the country.
           from 446.4 tonnes in 2020, the World Gold Council said in a report on
           January 28.                                                     “Government of India has declared ‘electronic
                                                                           gold receipts’ as ‘securities’ under Section 2(h)
           “India’s gold demand recovered by 79 percent, chiefly a result of an   (iia) of the Securities Contracts (Regulation)
           exceptional Q4 demand of 343 tonnes that surpassed even our most   Act 1956, and vide Gazette notification dated
           optimistic expectation articulated in Q3 and turned out to be the best   December 31, 2021, SEBI (Vault Managers)
           quarter in our recorded data series,” said Somasundaram PR, regional   Regulations, 2021, have been notified, paving the
           CEO, India, World Gold Council.
                                                                           way for operationalizing of gold exchange,” the
                                                                           market regulator said.
           Gold demand in September-December increased 85 percent from
           186.2 tonnes a year earlier.
                                                                           Source: https://www.theweek.in
           Source: www.moneycontrol.com






















                                                                                                           39
                                                                                                           39
   34   35   36   37   38   39   40   41   42   43   44