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POSTED ON August 17, 2022  - POSTED IN Key Gold Headlines

Indian silver imports are on pace to triple this year as investors bet the white metal is primed to rebound and outperform gold in the near future.

Silver prices have dropped to 2-year lows, and the silver-gold ratio has risen to nearly 90-1, signaling that the white metal is significantly undervalued compared to gold.

POSTED ON October 26, 2021  - POSTED IN Key Gold Headlines

The recovery in the Indian gold market remained on track in September with strong imports and investment demand.

India imported 89.5 tons of gold in September, according to the latest data from the World Gold Council. While that was down 21% from the five-month high we saw in August, it was still far above the import totals in September 2020 as the response to COVID-19 ravaged the Indian economy. It was also significantly above import totals in September 2019 — prior to the coronavirus pandemic.

POSTED ON July 28, 2021  - POSTED IN Key Gold Headlines

India ranks as the second-largest gold-consuming country in the world, second only behind China, but demand has languished for the last couple of years. The pandemic crushed demand, particularly for gold jewelry, but record-high gold prices in rupee terms and government policy put a drag on the gold market even before COVID-19. There were signs of a turnaround late last year and it continued through the first quarter of 2021. The most recent wave of COVID-19 stalled the gold Indian gold market’s recovery, but it appears to be regaining steam.

POSTED ON July 13, 2021  - POSTED IN Key Gold Headlines

Gold has served as a lifeline for Indians pummeled by the economic storm caused by the government response to the coronavirus pandemic.

The Indian government’s response to the first wave of COVID-19 ravaged the economy. As a result, many banks were reluctant to extend credit due to fear of defaults. In this tight lending environment, many Indians used their stashes of gold to secure loans. As Indians battle the second wave of COVID-19, many Indians have now turned to selling their gold outright in order to make ends meet.

POSTED ON May 25, 2021  - POSTED IN Key Gold Headlines

Despite a spike in COVID cases and rising prices that dampened retail demand for gold in India, imports in April came in above the 10-year monthly average indicating a continued recovery in the Indian gold market.

India imported 110 tons of gold in April. That’s 71% above the 10-year monthly average and compares with just .o5 ton in April 2020.

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