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  • Gold: Our team in India, led by @SomPR_WGC , have reported tremendous interest in #gold over the
  • Gold: Our team in India, led by @SomPR_WGC , have reported tremendous interest in #gold over the

    8 May, 2019 09:28

    Gold: Our team in India, led by @SomPR_WGC , have reported tremendous interest in #gold over the past few days.

    https://t.co/LyUcWQEz4e via @economictimes

    Short thread

    Gold: Mukesh Kumar wrote to me this morning:

    "Based on my interactions with contacts across the #gold value chain, the demand this Akshaya Tritiya has been one of the best in recent years and points towards healthy gold demand in 2019."

    His photo... https://t.co/WAih53Fvkh

    Gold: Indian #gold imports picked up strongly in April, according to this article from @EconomicTimes, more than doubling based on unofficial data. https://t.co/kZtGLtNySU

    Gold: Strong #gold imports were predictable considering the recent run of decent premia data from the NCDEX, which has been around the best levels seen since the start of 2017. https://t.co/lVrdBQs1n3

    Gold: And the recent pull back in the rupee-denominated gold price has certainly helped gold demand too.

    All in all, this points to decent Q2-19 gold demand from India. We will write up a more detailed #blog comment later for #Goldhub. https://t.co/rUSFd44bpI