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India gold market update: Demand cools
Gold’s returns have moderated from the highs seen in early 2026. As of 15 June, international and domestic gold prices were down 4.2% and 3.7%, respectively, from the end of May. However, y-t-d performance diverges: while international prices are broadly flat, domestic prices are up around 13.2%, largely reflecting the 9.0% increase in import duty in mid-May, and the 5.3% depreciation in the INR against the US dollar. Elevated inflation concerns have led to expectations that major central banks will tighten their monetary policy; this has raised the opportunity cost of holding gold and pressured its recent ... (full story)
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- Jun 18, 8:20am | 4 hr ago Posted byFundamental Analysis81
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