Kavita Chacko
Research Head, India World Gold CouncilIndia’s gold market update: unprecedented gold price rises, suppressed consumer demand and rising official gold reserves
International and domestic gold prices have risen to unprecedented levels. The price surge has impacted jewellery demand but stimulated investment (bar and coin) demand. Domestic gold prices continues to trade at a discount in relation to the international prices. Meanwhile, the RBI added to its gold reserves in March, inflows into gold ETFs moderated and imports saw a sharp fall.
