The demand for gold in India during the festivals fell by 40% in annual terms

Purchases of gold during the period of weddings and festivals in India, the second largest precious metal market in the world, remained below the values typical of this period. According to the All India Germs & Domestic Counsel industry association, in annual terms, demand fell by almost 40%. The indicator was negatively impacted by the decline in sales in agricultural regions, for which residents account for two thirds of the demand for gold in the country. Residents of these regions consider jewelry as their main savings tool.

22.10.2018

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions

Previous news of the day

29.06.2020

Gold prices move closer to $1,800 as COVID-19 cases surpasses 10 million worldwide

26.06.2020

Oil prices climb in light of demand recovery optimism despite coronavirus fears

24.06.2020

Gold prices soar amid surge in COVID-19 cases

23.06.2020

Gold prices dip after White House clarifies trade deal mixup