Kavita Chacko

Research Head, India World Gold Council

India gold market update: Mixed reading

Gold prices partly recovered in April after March’s sharp decline, with domestic discounts narrowing on import curbs and supply constraints. Listed jewellers saw strong Q1 growth, driven by wedding and discretionary demand, higher ticket sizes, and expansion. March ETF inflows were hit by redemptions, though participation rose. The Reserve Bank of India kept gold reserves steady, while imports fell to a nine-month low.
Blog Posted 20 hours 30 minutes ago

Juan Carlos Artigas

Regional CEO (Americas) and Global Head of Research World Gold Council

Ray Jia

Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold Council

Taylor Burnette

Research Lead, Americas World Gold Council

You asked, we answered: Has gold's performance structurally changed?

Gold’s volatility has markedly increased in 2026; however, similar episodes have occurred in periods of risk with volatility usually normalising within a few months. Bid-ask spreads have also notably risen since 2024; however, barring unusually high spikes in off market hours, the gold market still offers sizable liquidity through record trading volumes and two-way market activity. Amid a visible increase in the bond-equity correlation, gold remains a valuable strategic asset and portfolio diversifier even when accounting for its higher volatility environment.
Blog Posted 1 day 20 hours ago

Ray Jia

Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold Council

China gold market update: A seasonal demand rebound in March

A decline in March narrowed gold’s Q1 gain. Wholesale gold demand rebounded notably m/m supported by seasonality. Local gold ETFs saw continued inflows in March, pushing the Q1 demand to a record high. The PBoC’s gold purchasing streak extended to 17 months in March. And gold imports during the first two months of 2026 rose. 

 Blog Posted 4 days ago

Weekly Markets Monitor

Weekly Markets Monitor - Conflict pressure mounts

Geopolitics and rising energy prices dominated markets last week, raising stagflation concerns. Early signs of fallout from the Middle East conflict are emerging, with softer PMIs across several economies. In the US, consumer sentiment weakened as inflation expectations rose. UK inflation held steady in February but faces upward pressure from higher energy costs, while Japan’s inflation eased on subsidies. China’s industrial profits rose, pointing to a firmer recovery
Blog Posted 2 weeks 4 days ago

Kavita Chacko

Research Head, India World Gold Council

India gold market update: Volatility softens demand

Gold prices have pulled back from end-January highs, pressured by a stronger US dollar and a rise in US Treasury yields. In addition, outflows from gold ETFs, particularly US-listed gold ETFs, – likely indicating tactical profit taking from the sharp rally in January – further weighed on prices. However, the pullback was contained, as heightened geopolitical tensions and ongoing policy uncertainty continued to reinforce gold’s role as a safe-haven asset.
Blog Posted 4 weeks ago

Ray Jia

Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold Council

China gold market update: Resilient demand in a festive month

Gold rose in USD terms but fell when priced in RMB – due mainly to the strengthening currency. Wholesale gold demand stayed relatively resilient in February, the Chinese New Year month, compared to the similar period in 2025. Local gold ETFs saw further inflows and the PBoC announced gold purchases 16 months in a row. 

 Blog Posted 1 month ago

John Reade

Senior Market Strategist World Gold Council

Ray Jia

Head of Research (Asia Pacific, ex-India) and Deputy Head of Trade Engagement (China) World Gold Council

You asked, we answered: Are we running out of gold?

Slow gold supply responses to the surging price raised concerns of its sustainability. And while “easy” gold mines might be depleted gradually, reserves should stay stable. And above-ground gold stocks should – though not all accessible – also help underpin total supply’s stability. Meanwhile, large gold mine discoveries should have limited short-term impact on the gold price. And coordinated production changes remain improbable.

 Blog Posted 1 month ago

Weekly Markets Monitor

Weekly Markets Monitor: Crisis hedge

Last week, global developments were marked by inflationary pressures in advanced economies, uneven growth momentum, and a sharp escalation of geo-political tensions. US price pressures remained firm despite softer activity. Europe posted mixed inflation and patchy demand, China signaled cautious domestic demand, while India’s growth stayed robust. Escalating US–Israel–Iran tensions disrupted key energy and transport routes, heightening geopolitical and market risks.
Blog Posted 1 month 2 weeks ago

Weekly Markets Monitor

Weekly Markets Monitor: A silver lining playbook?

Last week’s updates pointed to an uneven but resilient global economic backdrop and persistent policy uncertainty. The US economy slowed in Q4, the trade deficit widened, inflation firmed, Fed divisions emerged and the Supreme court blocked global tariffs. Europe and Japan showed improving momentum and easing price pressures, while in India activity stayed steady, though trade deficits widened sharply.
Blog Posted 1 month 3 weeks ago

Kavita Chacko

Research Head, India World Gold Council

India gold market update: Price strength fuels demand

Gold prices scaled fresh highs before turning volatile and are now moving in a holding pattern. The firm price trend supported steady demand across jewellery and investment products, with gold ETFs hitting key milestones in January amid record inflows, holdings and participation. Digital gold purchases surged to new highs, RBI gold holdings edged up slightly, and imports rose, driven largely by strong investment demand
Blog Posted 2 months ago