The government does not seem keen on issuing fresh gold bonds given the overall cost and rising gold prices.
The government has revised gold import data, bringing down numbers for November by $5 billion to $9.84 billion, possibly to rectify double accounting of inbound shipments. According to revised data of the commerce ministry arm Directorate General of Commercial Intelligence and Statistics (DGCIS), gold import numbers have been slashed since April 2024, revealing excess imports of about $11.7 billion during the first eight months of 2024-25.
'Higher interest rates make gold less attractive as it doesn't generate yield.' 'However, with rates set to fall, the tables are turning for gold.'
Two Pakistani nationals, including a 38-year-old woman, arrested by the city police on the charge of entering India without authorisation with an intention to settle as ISI modules, were remanded in 14 days' judicial custody by a Delhi court.
The Delhi police on Monday claimed to have foiled an Inter-Services Intelligence plan to ensure smooth operations by a woman spy in the country with the arrest of two Pakistani nationals.
