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How Will the Indian Gov’t Affect Gold Demand? – Metals Focus

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Full Article: How Will the Indian Gov’t Affect Gold Demand? – Metals Focus

By: Sarah Benali

(Kitco News) – Analysts are looking for recent gold pressure to trigger physical demand, especially from gold-buying nations like India; however, according to one research firm, the Indian government’s anti-money laundering efforts may actually curtail any bullion demand over the short term.

“2016 has been an extremely tough year for the Indian gold market, with regulatory changes and a protracted strike significantly impacting gold consumption. Our most recent data for India bears this out, with total Q3.16 gold demand of around 440t [tones], down 30% y/y,” a recent Metals Focus report said.

Full Article: How Will the Indian Gov’t Affect Gold Demand? – Metals Focus

By: Sarah Benali

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