The move on the international bullion exchange by the South Asian country will have a major bearing on the UAE, which is India’s major trade partner for the yellow metal – for both exports and imports
Gold traders
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Dubai India Gold
India’s gold trade soars as pandemic recovery continues
The import of gold, a major item in India’s import and export baskets to the UAE, by India also posted a 1000% rise in April-June
commodity trading
Gold remains an integral asset in a diversified portfolio
Gold was one of the best performing major assets in 2020, breaking through $2,000 an ounce for the first time in history in August and returning 25.1 percent for the year, the highest return in a decade
Gold demand
Gold near eight-week high as coronavirus angst fires up haven demand
Surge has been supported by lower US real yields, a weaker dollar, and slumping equities
