Reacting to the development, PR Somasundaram, MD of India World Gold Council said total gold coin market in India is estimated at roughly 70-90 tonne and of this, branded portion is very small.
Watch the interview of PR Somasundaram MD, World Gold Council with Manisha Gupta on CNBC-TV18, in which he shared his reading and outlook on gold market and the impact of US elections on yellow metal.
Watch the interview of PR Somasundaram India MD, World Gold Council with Shereen Bhan on CNBC-TV18, in which he shared his reading and outlook on gold.
Private sector lender Lakshmi Vilas Bank's Q4 net profit was at Rs 27 crore versus loss of Rs 21 crore. Its net interest income (NII) was up at Rs 100 crore versus Rs 77 crore. PR Somasundaram, MD & CEO, Lakshmi Vilas Bank in an interview with CNBC-TV18 spoke about the bank's Q4 performance and the road ahead.