2020 September

The size of Gold market

  Gold supply fits in 2.6 Olympic swimming pools There are approximately 197,576 tonnes (t) of gold above ground, worth more than INR 685 trillion.  Mine production adds approximately 3,500t per year, equivalent to an annual 1.8% increment. The approximate breakdown of physical gold, based on its use, is: Jewellery:

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Good Monsoon Season: A ray of hope for Rural Gold demand revival amid COVID crisis

Two-thirds of India’s gold demand comes from rural areas, where jewellery is a traditional store of wealth – a fact that is largely a reflection of India’s demographics. According to the World Bank, in 2019, 66% of India’s population lived in rural areas, down from 72% in 2010 and 74%

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Sentiments remain bullish for Gold

Last month, gold crossed $2,000 for the first time in history on the back of greater geopolitical tensions and a weaker dollar. It hit an all-time high of $2,063.68 on August 6. But the rally has slowed down over the last month. Gold price closed at its lowest level in

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