Published:
GST's impact on India's gold market
On 1st July, India’s labyrinth of taxes will be replaced with a simple, nationwide Goods & Services Tax (GST). This is the biggest fiscal reform since India’s liberalisation in the early 1990s. While gold consumers will face a slightly higher tax rate, and the industry will go through a period of adjustment, we see the net impact on the gold industry as being positive. The gold supply chain should become more transparent and efficient, and the tax reform can boost economic growth, which we see as supporting gold demand.
Sectors: Market insights, Investment
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Market Update: Indian demand will recover from 2016’s lows
A barrage of policy initiatives aimed at purging India of black money and instilling greater transparency rocked India’s economy last year, including its gold market. The most dramatic was the radical decision to demonetise over 15 trillion rupees, around US$220bn.
Sectors: Market insights, Demand, Jewellery, Investment
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India’s gold market: evolution and innovation
In 2015 India was the world’s fast growing economy; in recent years millions have been lifted out of poverty and India’s middle class has swelled. This is important because our econometric analysis indicates income growth drives gold demand.
Sectors: Market insights, Supply, Gold production, Recycling, Demand, Jewellery, Investment
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China’s jewellery market: new perspectives on consumer behaviour
China has gone through remarkable change in the past 30 years. Within one generation, the shape of our economy has altered beyond all recognition: agriculture’s share of output has fallen and the service sector has become an important driver of growth.
Sectors: Market insights, Demand, Jewellery
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Market Update: Gold breaches US$1,300/oz on Trump victory
Financial markets have fallen sharply in response to Donald Trump’s election as the 45th President of the United States. Equity markets are down notably in Asian and early European trading.
Sectors: Market insights, Investment
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Market Update: Gold price rallies ahead of US election
On November 2, 2016 the gold price broke above US$1,300/oz for the first time since early October, as the surprise announcement last Friday October 28th by the FBI relating to Clinton’s email probe, injected a new wave of uncertainty into the presidential election.
Sectors: Market insights, Investment
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Market Update: Price drop likely to spur demand
Following a remarkable performance year-to-date, the gold price fell by over 3% on 4 October, taking it below US$1,300/oz for the first time since the Brexit announcement in June 2016.
Sectors: Market insights, Jewellery, Investment
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Market Update: Failed monetary policies lift gold
The gold price breached US$1,360/oz for a second time in 2016, as investors are starting to lose confidence in the effectiveness of unconventional monetary policies.
Sectors: Market insights, Investment
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Market Update: Gold surges after Brexit becomes reality
The gold price surged as the UK surprised the world by voting to Leave the EU. We expect gold inflows to accelerate as geopolitical and market uncertainty rises.
Sectors: Market insights, Investment
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Market Update: Gold outshines the market in Q1 2016
The gold price staged a spectacular rally in the first quarter of this year, rising by 17% in US dollar terms. This was its best performance in almost three decades, significantly outperforming other major stock, bond and commodity indices.
Sectors: Market insights, Investment