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POSTED ON February 24, 2021  - POSTED IN Key Gold Headlines

Some policy shifts recently announced by the Indian government in its Union Budget will likely have a positive impact on the country’s gold market. India ranks as the second-largest gold-consuming country in the world, second only behind China.

The three key policy changes that will likely affect the gold market are:

POSTED ON January 19, 2021  - POSTED IN Key Gold Headlines

India ranks as the second-largest gold consuming country in the world, second only behind China. But over the last couple of years, the gold market in India has languished due to a combination of record-high gold prices in rupee terms and the economic impacts of the coronavirus pandemic. But were signs of revival in the Indian gold market last month.

POSTED ON November 11, 2020  - POSTED IN Key Gold Headlines

Gold has helped Indians weather the economic storm caused by the coronavirus pandemic.

The government response to COVID-19 has ravaged the Indian economy. As a result, many banks are reluctant to extend credit due to fear of defaults. In this tight lending environment, many Indians are using their stashes of gold to secure loans.

POSTED ON August 25, 2020  - POSTED IN Key Gold Headlines

According to a report by an Indian TV station, the board of the Reserve Bank of India (RBI) is considering significantly raising its gold reserves.

According to the report, the RBI is mulling upping its gold holdings from the current level of 6.5% of total reserves to 10%. As part of the move, the Indian central bank would also lower its holdings of US Treasuries.

POSTED ON July 1, 2020  - POSTED IN Original Analysis

Gold just wrapped up a strong quarter, up 13%, and finishing at the highest price level in over eight years. On the year, gold is up about 16% and many mainstream analysts are starting to eyeball record gold prices in the coming months. But there has been some drag on the gold market, particularly sluggish consumer demand in the East – particularly in India.

That could be changing.

POSTED ON June 10, 2020  - POSTED IN Key Gold Headlines

Gold is serving as a lifeline for beleaguered Indians in the midst of severe credit crunch.

The government response to the coronavirus pandemic has ravaged the Indian economy. As a result, many banks are reluctant to extend credit due to fear of defaults. In this tight lending environment, many Indians are using their stashes of gold to secure loans.

POSTED ON September 10, 2019  - POSTED IN Key Gold Headlines

The silver market in India has enjoyed massive growth over the last several years. Demand for the white metal has increased from around 3,000 to 6,000
tons over the last five years, according to Chirag Thakkar, CEO of the Indian bullion company Amrapali Gujarat.

The Silver Institute interviewed Thakkar for the latest edition of Silver News.

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