World Gold Day –  Sustained Growth in China’s Gold Market   April 2024 marked another significant month for the gold market in China, showcasing a continued rise in both the Shanghai Gold Benchmark PM (SHAUPM) and the LBMA Gold Price AM. This persistent momentum highlights the robust investment demand which has notably offset the weaknesses […]

World Gold Day –  A Look at Gold Investment Trends in India During the Festive Season   As India celebrated the Akshaya Tritiya festival on Friday, May 10, 2024, gold investing demand in the country saw a significant uptick compared to last year’s festivities. The London benchmark auction, a crucial gauge for global bullion prices,

World Gold Day – . China’s Growing Jewelry Market in 2024   Despite the attention often given to China’s younger generations and their increasing affinity for gold jewelry, it is the middle-aged and elderly populations that are poised to significantly boost the market in 2024. Recent data from China’s National Bureau of Statistics shows a

World Gold Day – Overview of Central Bank Gold Purchases in March 2024   Central banks continued their active participation in the gold market in March 2024, demonstrating sustained interest in the asset as a cornerstone of financial stability and confidence. According to the International Monetary Fund (IMF) and other public data sources, central banks

World Gold Day – Overview of Recent Gold Market Dynamics   Gold prices saw a significant reversal in London trading on Thursday, May 2, 2024, stabilizing at around $2300 per Troy ounce. This change followed an overnight rally that temporarily added $30 to the price, sparked by the US Federal Reserve’s decision to maintain current

World Gold Day – Current Trends in Gold Prices   As of Wednesday, May 1, 2024, gold prices are stabilizing around $2300 per Troy ounce, close to the three-week highs despite a downturn in Western stock markets. This stability occurs as the market anticipates the US Federal Reserve’s interest rate statement and press conference, expected

World Gold Day – Overview of Current Gold Market Trends   Gold prices experienced a slight decrease this Monday, April 29, 2024, with spot gold prices in the London bullion market slipping by 0.3% to settle at $2330 per ounce. This downturn follows the largest weekly drop of 2024, primarily driven by softened demand in

World Gold Day – In recent developments, India’s gold market has been experiencing significant shifts. Gold prices have surged to new heights, consumer demand has seen varied impacts, and the Reserve Bank of India (RBI) continues to bolster its gold reserves. Unprecedented Rise in Gold Prices Gold prices have achieved new records since mid-February, with