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Gold demand falls as traders move to silver, imports seen subdued

The gold to silver ratio was around 85-86 during October-November. It fell to around 82-82 this month

Gold
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Rajesh Bhayani Mumbai
Gold demand and import in India witnessed a sharp fall in the December 2018 quarter – a trend that is likely to continue going ahead. According to analysts tracking the sector, traders preferred to swap gold with silver resulting in the higher domestic supply of the yellow metal. The arbitrage was due to high prices of gold and low prices of silver during the last few months. As gold prices are around Rs. 33,000 and a tad away from their all-time high, the subdued trend in gold demand will continue.

In Mumbai’s Zaveri Bazar on Wednesday, standard gold opened

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First Published: Jan 30 2019 | 2:01 PM IST

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