The holiday season is just around the corner. Indian gold demand is expected to pick up.

Telah Terbit: Sep 18, 2020 09:12
[Indian gold demand is expected to rebound with the approach of the holiday season] stronger gold prices this year have put pressure on physical gold demand, as is the case in India, but (BMO Capital Markets), the capital market of the Bank of Montreal, believes that Indian gold demand is expected to rebound in the next six months. In the first half of this year, the demand for gold jewelry in India fell by 60% compared with the same period last year, on the one hand, the closure of various parts of India after the epidemic, on the other hand, higher international gold prices affected demand, and the discount on local gold prices in India rose sharply.

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