From The Economic Times
Center-Right Owned by Bennett, Coleman & Co.Indians refuse to cash in on gold in their lockers hoping for a better price
What's behind this
Gold fell about 3% in the last week of October, with international bullion pressured by a firmer US dollar, inflation concerns and expectations of higher US interest rates, according to Aetram India Research. The decline was noted as the market entered a volatile phase. In India, price updates for gold and silver were released on 3 November for investors ahead of Dhanteras and Diwali, listing retail rates for 18K, 22K, 24K gold and 999 fine silver across major cities such as Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata and Mumbai.
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India’s gold demand is expected to fall to a six-year low of around 650 tonnes in 2026 as record prices, rising living costs and a weak monsoon weigh on jewellery purchases and investment, according to the World Gold Council (WGC).
RSS excerpt
India’s gold demand is expected to fall to a six-year low of around 650 tonnes in 2026 as record prices, rising living costs and a weak monsoon weigh on jewellery purchases and investment, according to the World Gold Council (WGC).
