Chennai: With gold glittering as the best asset class in a world fraught with uncertainties, India emerged as one of the foremost beneficiaries to a stupendous rise in the yellow metal’s price in the last nine months. We have around 700 temples which own gold, including ones like Sri Padmanabhaswamy temple in Thiruvananthapuram, Tirupati Tirumala temple, Vaishno Devi temple and …
India's annual gold production could surge to 20 tonnes from a mere 1.6 tonnes if the government removes bureaucratic hurdles and encourages investment in the sector, the World Gold Council said in a report published on Thursday. But change is needed for this to happen, legacy hurdles must be reduced considerably, and investments encouraged," said Somasundaram P.R., regional chief executive …
