Kavita Chacko
Research Head, India World Gold CouncilIndia’s gold market update: muted consumption demand
International and domestic gold prices alike retreated in January. Prices nevertheless remain high and this has been impacting gold jewellery demand in India. Gold imports too have moderated. Domestic gold prices began to trade at a premium to international prices since late January following nearly three months of trading at a discount. Meanwhile, the RBI made the highest monthly purchase of gold in eighteen months in January and Indian gold ETFs continue to see inflows.
