Mukesh Kumar
Former Senior Analyst, India World Gold CouncilIndia’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.