Goldhub blog: Posts from June 2019
Gold: Yesterday, India’s Ministry of Commerce released May trade data. India’s gold imports in May 2019 was 115.8 tonnes compared with 82.8 tonnes in May 2018.
This is this is the largest one-month import since August 2015. https://t.co/gPXIYpkrQ4
The Islamic finance market is now valued at more than US$2tn and growing at a rapid rate. The association between Islamic finance and gold dates back many centuries but, until recently, Islamic savers were unclear whether they could invest in gold products. In 2016, the AAOIFI Shari’ah Standard on Gold, developed in collaboration with the World Gold Council, provided the clarity that investors needed.