Ray Jia

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

China’s gold market in October: higher jewellery retail sales, seasonally lower wholesale gold demand

Gold prices saw marginal declines in October. Even though the US presidential election and a significant rebound in COVID-19 infection cases in many regions kept uncertainty elevated globally, climbing real interest rates in key markets such as the US and China weighed on local gold prices. As a result, the SHAUPM (RMB) and LBMA Gold Price AM (USD) fell by 1.8% and 0.4% respectively in the month. 

 Blog Posted 5 years 9 months ago

Mukesh Kumar

Former Senior Analyst, India World Gold Council

India’s gold market in August: Indian imports hit nine-month high but retail demand remained weak

Demand for safe haven assets and strong year-to-date performance, coupled with the price correction likely seen by investors as a buying opportunity, supported gold ETF flows. On the other hand, retail gold demand weakened as consumers waited on the sidelines following a sharp correction in the domestic gold price amid rising COVID-19 cases.
Blog Posted 5 years 10 months ago