Indian Gold jewellery demand staged a modest recovery from its Q2 record low but remained well below 2019 levels, according to World Gold Council (WGC). Demand was 48% lower y-o-y at just 52.8 tonnes (t) - the third lowest quarter for Indian jewellery demand in WGC data series. Not only did Indian consumers have to cope with recurring lockdowns and unprecedented gold prices, but also the inauspicious periods of Pitru-Paksha and Adhik Maas discouraged buying during September.
India-UK economic ties are important as together they are two of the world's top seven economies with a combined GDP of over $5 trillion, the finance minster said during the 10th Round of Ministerial UK-India Economic and Financial Dialogue (EFD). India and the United Kingdom enjoy close bilateral relations in diverse areas India-UK trade has more than doubled since the first EFD in 2007, with bilateral investment supporting over half a million jobs across both countries. The Dialogue, inter ali