💨 Abstract

Gold prices are experiencing a resurgence in both international and domestic markets, driven by increased jewelry buying and investment activities. Rural demand is showing signs of recovery, with improved monsoon season and higher crop sowing leading to stronger rural economic conditions. Gold demand in India has remained robust, particularly following the import duty cut, and ETF investments have surged. The Reserve Bank of India has also increased gold purchases. The key festive and wedding season is expected to further boost sales.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖