India Gold Market Update: Investment-Led Support
Summarize this article with:
World Gold Council1.08K FollowersFollow5ShareSavePlay(9min)CommentsSummaryInternational gold prices extended their sharp rally beyond October, ending November up 4.5% and gaining a further 3.7% to US$4,347/oz by 12 December, taking y-t-d returns to 67%.Gold demand in India continues to diverge: sustained strength in investment demand contrasts with weakness in the jewellery segment.Inflows into Indian gold ETFs remained strong in November, although at a slower pace than in the preceding two months.The Reserve Bank of India’s (RBI) gold accumulation has moderated sharply this year, marking a clear departure from the aggressive buying seen in 2024. Petrovich9/iStock via Getty Images Highlights Gold prices continue their uptrend on weakening US dollar and investment flows Jewellery volumes fall but value rises; investment demand holds firm Indian gold ETF inflows remain strong through November, although slower than prior two This article was written byWorld Gold Council1.08K FollowersFollowThe World Gold Council is the market development organization for the gold industry. Our purpose is to stimulate and sustain demand for gold, provide industry leadership, and be the global authority on the gold market. We are a unique organization that delivers tangible benefits to the gold industry. We are an active force within the market, working with a large and diverse set of partners to create access, drive innovation and stimulate demand, while providing a collective voice for our members. We provide insights into the international gold markets, helping people to understand the investment qualities of gold and its role in meeting the social and environmental needs of society. For more information visit www.gold.org.