High Gold Prices Drive Indian Consumers to ETFs as Physical Demand Plummets

25.07.18

India’s gold market showed mixed signals in June and early July, with prices gaining 0.7% domestically to INR 95,676 per 10g despite seasonal jewelry demand weakness. Investment demand surged dramatically, with gold ETFs recording their highest monthly inflows since January at INR 20.8 billion. The Reserve Bank of India resumed…

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