Gold prices have eased from their peak of mid-April, likely due to profit taking. Nevertheless high gold prices prevailed, ending April up 4% on the back of an 8% rise in March. Since mid-April gold prices have moderated 1% and have risen by 15% so far this year, trading at over US$2,350/oz at the time of writing. Domestic landed gold prices in India have followed the movement of international gold prices owing to the relative stability of the INR vs the US dollar. {chart} Festival alongside price moderation stimulates demand After a generally weak March and April, there was a resurgence in gold demand ahead of and ... (full story)