Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Indian gold demand has grown 25 per cent despite 400 per cent price rise of the rupee in the last decade. Newly published research from the World gold Council reaffirms India as a key driver of global gold demand, with an expected increase by over 30 per cent in real terms.
This research suggests that by 2020 cumulative annual demand for gold in India will increase to excess of 1200 tonnes or approximately Rs. 2.5 trillion, at current price levels.
