India's gold demand to remain muted in October-December quarter

While gold price remained low in the international markets, depreciation in the Indian rupee kept its price up in local markets

After a satisfactory 10 per cent jump in July–September quarter, India’s gold demand is likely to remain subdued in the fourth quarter of calendar 2018.

Gold prices are quoted at a discount of Rs 50-100 per 10 grams in India for over a month now. Also, jewellery makers are offering huge discount on making charges with a majority of them quote the same at a fix 7 per cent. Apart from that some of them are also offering freebies to attract customers.

This simply indicates that customers are apprehensive over new gold purchase primarily due to the absence of supporting fundamentals. Other