-
Indian Gold Imports Surged in October Despite High Prices
From moneymetalsexchange.medium.com
Indian gold imports surged to record levels in October, despite high prices. India ranks as the world’s second-largest gold market behind China. It was the fourth consecutive month of increasing gold imports, both in terms of value and tonnage. Domestic gold prices in India hit a record in October and outperformed the dollar price. At the end of the month, gold was up 63 percent on the year and 11 percent month-on-month in rupee terms. According to the World Gold Council, “The higher domestic gains are attributed to the 3.3 percent depreciation of the Indian rupee.” The World Gold Council said strong import ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Gold's hot streak that boosted the metal to records could push on through 2026. That's according to forecasters on Wall Street, many of whom are expecting the precious metal to continue its record-setting rally and climb as much as 20% in 2026. Another double-digit increase for gold would be a tall order, considering that bullion has seen one of its best ...
Daan Struyven, co-head of global commodities research at Goldman Sachs, discusses the outlook for gold prices in 2026. "You have significant upside in a base case," Struyven tells Bloomberg Television. "In scenarios where markets may perform less well, perhaps concerns about the fiscal trajectory or concerns about questions about Fed independence, I think ...
Gold prices hovered near an over one-week high on Wednesday, after expectations the U.S. Federal Reserve will trim interest rates next month kept non-yielding bullion a favoured asset. Spot gold was up 0.8% at $4,162.99 per ounce at 01:55 p.m. ET (18:55 GMT), after hitting its highest since November 14 earlier in the session. U.S. gold futures for December ...
