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Will Physical Gold Demand Be Deciding Factor for Gold in H2 2018?

Annie Gilroy
Updated
Will Physical Gold Demand Be Deciding Factor for Gold in H2 2018?

The demand for gold in India (INDA) was lukewarm in the first half of the year, mainly due to stronger equity markets and higher gold prices measured in rupees. This event caused local gold prices to rise, even with the price decline measured in US dollars. According to the latest Assocham-World Gold Council (or WGC) report, the gold demand in India is likely to surge 25% in the second half due to the improved purchasing power of farmers.

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