CURRENT AFFAIRS

Detailed explanation-1: -Alankit Imaginations Limited, a financial and digital solutions subsidiary company of Alankit, today announced their partnership with Digital Swiss Gold (DSG) to allow investors to buy and hold physical gold digitally in Switzerland as well as sell and send gold via a mobile app.

Detailed explanation-2: -Over the past year, 25.4 tons of the precious metal worth an estimated $1.2 billion has been exported from Brazil to Switzerland, making it the second-largest export market for the country’s gold, after Canada. About a fifth of this gold comes from the Amazon, according to official figures.

Detailed explanation-3: -Where is Digital Swiss Gold ‘s headquarters? Digital Swiss Gold is located in Zürich, Zurich, Switzerland .

Detailed explanation-4: -Trading in the Swiss gold market is exclusively over-the-counter, and there are no central exchanges or trading venues. The Swiss Confederation is also the world’s largest importer and exporter of gold.

Detailed explanation-5: -Gold Reserves in Switzerland averaged 1282.83 Tonnes from 2000 until 2022, reaching an all time high of 2590.18 Tonnes in the first quarter of 2000 and a record low of 1039.99 Tonnes in the second quarter of 2014.