Context:
Demand for gold in India grew by 10% in Q3 2023 (July-September) as compared with the same period last year according to data released by the World Gold Council (WGC).
About World Gold Council:
- A nonprofit association of the world’s leading gold producers.
- Includes 33 members – many members are gold mining companies
- Headquarters – London
- they have office in India
- WGC covers the markets which comprise about three-quarters of the world’s annual gold consumption.
- WGC is an advocate for gold consumption.
- works across all parts of the industry – from gold mining to investment
- Gold traces its origins to Ancient Egypt – first smelted gold around 3600 B.C.E.
Source: The Hindu
Previous year question
Consider the following statements in respect of Trade Related Analysis of Fauna and Flora in Commerce (TRAFFIC):
1. TRAFFIC is a bureau under United Nations Environment Programme (UNEP).
2. The mission of TRAFFIC is to ensure that trade in wild plants and animals is not a threat to the conservation of nature.
Which of the above statements is/are correct?
[UPSC Civil Services Exam – 2017 prelims]
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: b
