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Mar 31, 2024 · Recent trends and historical performance suggest that gold prices generally rise around the festive season, especially Diwali, which is considered an auspicious time to buy gold in India.
- Navneet Dubey
Around the time of the festival, the gold price rise is often attributed to Diwali, and with India being one of the world’s greatest consumers of gold, the precious metal features strongly in wedding decorations and traditions.
Oct 27, 2016 · Although the precious metal has yet to rise back to its post-Brexit prices, Diwali season has historically impacted gold prices in a positive way due to high demand.
- Visualized: China’s Steel Demand Through Time
- The Sectors Driving Steel Demand
- Steel Demand For Transportation and Durable Goods
- The Path Forward For Steel
As the world’s manufacturing powerhouse, China has the highest global demand for crude steel, with the market experiencing remarkable growth since 2010. In 2023, China’s crude steel demand reached 911 million metric tons. This is up an estimated 50% from 609 million metric tons 13 years earlier. When adding in exports and changes to inventory, Chin...
We observed demand for crude steel across the following sectors: 1. Machinery: machinery used in power, construction, metals and mining, agriculture, tools and parts, etc. 2. Infrastructure: roads, railways, subways, pipelines, etc. 3. Construction: urban and rural housing, office buildings, industrial buildings, WRAC buildings (wholesale, retail, ...
The share of steel used by the transport sector is estimated to have falled from 12% in 2010 to 9% in 2023. However, there was an uptick in the amount of steel used by the industry. It rose from around 73 million metric tons in 2010 to 82 million metric tons 13 years later. And, with more than halfof all new electric vehicles (EVs) sold worldwide m...
The Chinese steel industry remains robust—growing by an estimated 50% from 2010 to 2023—despite significant shifts beneath the surface. As the energy transition progresses, further changes in industry demand for steel are likely, especially with the increasing prominence of clean technologies, such as EVs. Conversely, demand from the construction i...
Sep 16, 2024 · Why gold prices are at all-time highs? Is further rise likely ahead of Diwali? Reuters |. Sep 16, 2024 02:02 PM IST. Read this news in brief form. Gold prices hit record highs, with spot gold up...
Lakshmi, the Hindu Goddess of Fortune and Prosperity, is synonymous with gold, and is considered by many to be an important part of Diwali. It’s easy to see how gold is such a central part of the festival of lights.
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The demand for gold varies throughout the year, but we often see a spike just before a major holiday like Diwali, with buyers rushing to snap up bars and coins in smaller quantities, which can be given as gifts. The Royal Mint’s Diwali bullion range now features a Lakshmi 20g gold minted bullion bar.
