Rising Gold Prices Cool Off Indian Market Demand in Fourth Quarter India’s gold market sees subdued demand in Q4 due to high prices, influenced by geopolitical risks, rate cut expectations, and a strong USD. Despite the RBI halting gold purchases and soft domestic demand causing a local discount, gold ETFs attracted sustained inflows, with November seeing US$47 million. High prices are expected to dampen physical gold demand, except for bridal jewelry. Investment demand may rise due to global uncertainties and positive domestic economic growth. The LBMA Gold Price PM rose 11% since October, mirrored by Indian gold prices, while other currencies saw lesser increases due to their strength against the USD. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Key Inflation Rate Aligns with Expectations, Boosting S&P 500 READ MORE U.S. Job Growth Disappoints in April, Unemployment Ticks Up to 3.9% READ MORE THE SILVER BREAKOUT: Off To $48? Triple Digits? READ MORE JPMorgan Predicts U.S. Recession Delayed to 2025 Following Manufacturing Rebound READ MORE Gold at Two-Week Low, Copper Below $9,000/t READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment