Commodity Trade Mantra

Posts Tagged ‘Diwali Festival’

India Gold Demand Surges 450%, Bank of Russia Demand At 15 Year High

Gold imports into India in Sept were worth $3.8 billion, up 449.7% y/y & almost double the $2 billion in Aug as, once again, the Indian middle class used the opportunity of a weakened gold price to increase their holdings. Russia’s central bank added a very large 37.3 tonnes of gold to it’s reserves in Sept – it’s largest purchase in 15 years.

The Silver Bull Is Alive and Quite Well

If the silver bull market was over, we wouldn’t see SLV holders refusing to sell (unlike in the major gold ETF- GLD), Indians buying record amounts of silver, and retail investors hoarding silver bullion at historic levels.

follow us

markets snapshot


Market Quotes are powered by Investing.com India

live commodity prices


Commodities are powered by Investing.com India

our latest tweets

follow us on facebook