How Elections Impact Gold Buying
Data shows that gold consumption fell during three of the last four general election phases with a decline in demand for gold jewellery, bar, and coin
Data shows that gold consumption fell during three of the last four general election phases with a decline in demand for gold jewellery, bar, and coin
The strong evidence of emerging economy central bank rate actions is predicated by advanced economy actions, but India is an exception, says SBI
Analysts expect the gold prices to further touch ₹67,450-$67,900.
It is perplexing that gold ETFs are losing sheen even when physical gold prices are skyrocketing.
Demand for gold jewellery reduced due to spike in price but sovereign gold bonds December-tranche attracted record subscriptions
Sector Macroscope
Between the end of December 2019 and December 14, 2023, Nifty50 returns are 74%, while the return on gold is 82%
Collective holdings of global gold ETFs are down 7% to 3,236 tonne on back of $14 billion outflows from gold funds
The gold demand increased by 28% YoY to ₹188,400 crore in Q3 2023; in volume terms, the demand rose by 10% in the July-September period.
Year-to-date global Gold ETF outflows stand at $11 billion and total holdings have fallen by 189 tonnes at the end of September 2023.