Kavita Chacko
Research Head, India World Gold CouncilIndia gold market update: Rally and demand realignment

Another exceptional month for the gold price and trade tensions with the US led to continued boom in retail investment. Meanwhile, China’s official gold holdings rose five months in a row. And wholesale demand also picked up seasonally, resulting in an improving local gold premium.
Demand for gold from central bankers continues, with data available for February showing reported global central bank gold reserves rising by 24t. Thus far, Poland, China, Turkey, and the Czech Republic have led gold demand from emerging market central banks.