Kavita Chacko

Research Head, India World Gold Council

India’s gold market update: high prices dent consumer demand

International and domestic gold prices alike touched record high in early March. The price surge presents headwinds for gold demand, even in the face of the ongoing wedding season. Domestic gold prices is trading at a discount in relation to the international prices with demand being crimped by high prices. Meanwhile, the RBI added to its gold reserves in February, inflows into gold ETFs maintained positive momentum and imports saw a sharp rise.

 Blog Posted 9 months ago

Ray Jia

Research Head, China World Gold Council

China’s gold market in February: demand steady, gold reserves higher

Wholesale gold demand in China was healthy during February and the local central bank reported its 16th consecutive monthly gold purchase. Meanwhile, Chinese gold ETFs continued to attract investors. Supported by steady demand, the local gold price premium stayed elevated. But gold consumption may cool in coming months due to seasonality and the record-level gold price.

 Blog Posted 9 months ago