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Despite high prices, 1,031 kg gold donated to Tirumala trust in 2023
Credit: IndiaTimes- Published on April 18, 2024
Despite soaring gold prices, reaching $2,400 per ounce this year, devotees continue to generously donate gold to the Tirumala Tirupati Devasthanams (TTD), the world's richest Hindu temple trust. In 2023, TTD recorded a deposit of 1,031 kg of gold valued at Rs 773 crore. The trust holds a total of 11,329 kg of gold, worth Rs 8,496...
Video credit: Oneindia
Published on April 16, 2024 - 02:13
Biz Pulse: Gold Shines Bright Amid Growing Global Turmoil, The Reasons| Oneindia News
Gold prices have surged over 15% in the last three months, making it the best performing asset class since the beginning of 2024. Similarly, silver has delivered returns of over 13% since January 1. Citigroup forecasts gold to reach $3,000 per ounce over the next 6-18 months, driven by inflation and expectations of monetary easing. Geopolitical tensions in the Middle East and Ukraine further bolster gold prices.
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