India’s gold market is witnessing a significant boost in demand following a major reduction in import duties

On Friday (April 26), the precious metal saw a modest uptick of 0.1%, reaching $2,334.57 per ounce, while US gold futures edged up by 0.2% to $2,346.70

Economic and geopolitical factors, including persistent tight US monetary policy and the Russian-Ukraine war, could pose challenges for the entire precious metals complex, including silver

The yellow metal rose to trade at Rs.58,826 on the Multi Commodity Exchange.

WGC notes a strong gold ETF demand year-to-date despite outflows in June

World Gold Council’s report reveals research findings on gold rates, factors affecting investors, gold demand and comments on other important findings

Demand for gold reached 1,147t in Q4 2021, its highest quarterly level since Q2 2019, and an increase of almost 50% year-on-year, according to the WGC

Building on the positive trend in April, precious metals closed on a healthy note in May

Gold prices rose on May 17 to their highest level in more than three months, as a dip in U.S. Treasury yields and worries over surging COVID-19 cases in some Asian countries boosted demand for the safe-haven metal

Gold-backed ETFs (gold ETFs) recorded their seventh consecutive month of positive flows, adding 104 tonnes (t) in June

This year’s survey revealed the following key insights into central banks’ thinking towards gold –

Easy monetary policy and low interest rates are here to stay and that will support gold prices in the long term, but investors need to be a little patient, according to one market analyst

Jewellery demand was hampered by the continued strength in the gold price, which hit a new multi-year high, as well as consumers being downbeat on the health of the global economy

The first quarter of the year, gold demand increased to 2,181.7t in the first six months of 2019, an uplift of 8% compared with the first half of last year