India Gold Demand

India's gold investment demand jumped 54 per cent to 82 tonnes between January and March, overtaking jewellery for the first time since 2000, while jewellery's share fell to a record low 44 per cent

Stronger investment demand in the world's second-largest consumer of gold partly offset a decline in jewellery buying, hit by a rally in prices, helping keep overall demand stable

Domestic gold prices were trading around ₹1,53,200 per 10 grams on Friday, after rising to ₹1,55,065 earlier this week, the highest in a month

Without fresh imports, India could face supply shortages, as the ​world's second-largest gold consumer and biggest silver buyer relies on overseas purchases to meet nearly all its demand

Akshaya Tritiya, the second-biggest gold-buying festival in India after Dhanteras when buying gold ‌is considered auspicious, will be celebrated on April 19

Domestic gold prices were trading around ₹155,000 per 10 grams on Friday, having hit a record high of ₹180,779 last month ‌before sliding to as low as ₹133,687 earlier in February

Domestic gold prices were trading around ₹150,000 per 10 grams on Friday, after hitting a record high of ₹180,779 last week before sliding to as low as ₹133,687 this week

Silver, on the other hand, UBS said, is likely to remain volatile going ahead in the backdrop of the sharp run seen in the last few months and the ensuing correction seen in the white metal recently.

Bullion dealers in India charged a premium of up to $121 per ounce this week over official domestic gold prices

Demand for gold could stand between 600 metric tons and 700 metric tons, compared to 710.9 tons last year, which was the lowest in five years

Spot gold will continue to draw support from safe-haven buying amid elevated geopolitical tensions as Greenland uncertainty continues

Domestic gold prices traded at around 136,700 ​rupees per 10 grams on Friday after hitting a record high of 140,465 rupees last week

Their family-run gold-loan business is surging as consumers tap rising bullion prices for quick cash, driving the firm's stock to a record and lifting the Muthoot family's wealth to new heights

The country's gold imports surged about threefold to hit a record high of USD 14.72 billion in October, mainly due to higher festival and wedding demand, according to commerce ministry data. Gold imports stood at USD 4.92 billion in October 2024. Cumulatively, imports during April-October this fiscal year rose 21.44 per cent to USD 41.23 billion from USD 34 billion a year ago. High gold imports have pushed the country's trade deficit (difference between imports and exports) to a record high of USD 41.68 billion in October. Prices of the yellow metal are hovering around Rs 1.29 lakh per 10 grams in the national capital. Commenting on the data, Commerce Secretary Rajesh Agrawal said the increase in imports could be attributed to festival demand. Switzerland is the largest source of gold imports, with about 40 per cent share, followed by the UAE (over 16 per cent) and South Africa (about 10 per cent). The precious metal accounts for over 5 per cent of the country's total imports.

Christopher Wood, global head of equity strategy at Jefferies expects gold prices to hit $6,600/oz going ahead, up 57 per cent from the current levels.

Overall gold consumption, however, fell 16 per cent to 209.4 tonnes as jewellery demand slumped 31 per cent to 117.7 tonnes due to record-high prices

As gold prices peak, Indian households still spend big on Dhanteras, showing how faith and finance continue to shape the country's festive buying patterns

Gold allocations amid the recent sharp run in prices may prompt portfolio rebalancing by strategic investors, WGC believes

As the gold rally continues with prices breaking record highs, here's a look at similar historical examples where gold surged, what caused that surge and what happened after

Apurva Sheth, head of market perspectives and research at SAMCO Securities believes that the recent buying frenzy in both gold and silver has been led by FOMO - buying out of fear of missing out