Gold Rebounds

The European Central Bank must keep raising interest rates even if a recession in Germany is increasingly likely, as inflation will stay uncomfortably high all through 2023

In New Delhi, gold price stands at Rs 50,020 per 10 gm (24 carat)

Demand is expected to jump closer to the 690 tons bought in 2019 as the country's economy shows signs of recovery, P R Somasundaram, managing director at the council for India, said

Holdings in the SPDR Gold Trust, the world's largest gold-backed ETF, rose to 1,009.70 tonnes on Monday, the highest since June 2013

The fund's inflows since the beginning of the year have already surpassed outflows for the whole of 2015