Commodity Trade Mantra

Posts Tagged ‘Physical Gold Demand’

India to Step up Measures to Control It's Gigantic Physical Gold Demand

India’s physical gold hoard is estimated to be 20,000 tonnes and at current market price, this works out to be a massive Rs 60 lakh crore – 4 times the total value of the withdrawn Rs 500 & Rs 1,000 notes. The government’s focus will be on a permanent reduction in domestic gold demand & not just on import of gold. Be ready for more restrictive measures in coming days.

Gold Has No Reason To Fear The Fed's Potential Interest Rate Hike

A 25-basis-point move in September is not going to be disastrous for gold prices, which have risen almost 30% gains since the lows in December. I don’t think the gold market has anything to fear from U.S. monetary policy. Even if rates rise 1% this year, the important thing to remember is that real rates will still be negative and that is ultimately positive for gold.

Will India Revive It's Love Affair With Gold Anytime Soon?

India’s gold demand fell significantly in the first half of 2016. World Gold Council data show the combined demand for jewellery and investment at only 247 tonnes. Import during January-June was 248 tonnes, 42% lower than the corresponding period last year and lowest since 2009. Clearly, many variables are at work. Only time will tell if India’s love affair with gold revives!

Gold and Silver Rally to Resume from Around 26th Sept - Expect Volatility Till Then

I believe that the bull run in gold and silver, that paused in its tracks in July, will continue swinging both ways with a high degree of volatility till Sept end, but will be back in a more vigorous and ferocious form soon after. I strongly believe that this bull-run-on-steroids phase in gold and silver will take off around 26th September 2016. Secure your tomorrow ….today.

Physical Gold Demand Drops But Gold Prices Soar

Gold prices are looking strong again this week. But the most surprising finding is that physical gold demand was incredibly weak during the first quarter of this year. With overall physical buying down 23.8% as compared to Q1 2015 to 781 tonnes, down from 1,025 tonnes last year. While India’s physical gold purchases dipped 65%, China’s buying dropped 27.3% YoY.

India's Silver and Gold Imports Strong Despite Government's Perpetual Obstruction

While India’s gross gold bullion import in 2015 reached the third highest amount ever at 947 tonnes and gross silver bullion import reached the highest amount ever at 8,504 tonnes, the Indian government is perpetually trying to obstruct the populace from protecting their wealth. Yet the Indian people did not substantially buy less gold – and did buy substantially more silver.

Death Of Paper Gold Picks Up Speed BIG TIME Today

The Death of the paper gold market picked up speed today as Blackrock’s Gold IAU ETF announced that issuance of new shares was suspended. This now suggests a tightness in the paper gold market due to the last several years of surging physical gold demand…. especially now that China has recently become an “official” Central Bank buyer of gold.

Hedge Funds Have Never Been This Short Gold

At 1.4 million ounces the market is now in its biggest net short position ever, surpassing bearish positions entered into in July and early August. That was the first time hedge funds were net negative since at least 2006. It’s not just gold that is being swamped by negative sentiment. According to the CFTC, 15 of the 24 commodities tracked turned more bearish last week.

India Issues Its First Sovereign Gold Coin… to Curb Gold Imports

It’s estimated that less than 10% of all Indian gold demand is in bars & coins. That might change this month as the India Government Mint will issue its first-ever sovereign gold coin, just in time for the fall festival season, which kicks off Nov 11. The gold coin will reportedly feature the Ashoka Chakra, the traditional 24-spoked symbol that appears on India’s national flag.

Gold Investor Sentiment Remains Negative But Physical Demand Robust

These are extraordinary times for gold and silver. The mainstream financial media continues to shun precious metals anticipating lower prices while investors recognize the attractive buying opportunity. The paper gold market continues to be heavily pressured by extraordinary levels of institutional short selling, while the physical gold market is heating up with robust investor buying.

The War between Physical Gold vs Paper Gold Bullion Hots up

Investors in gold ETFs such as GLD are liquidating dismayed by the negative trend. Some of the physical gold released is simply migrating east, but this is small in comparison to the increase in demand from value buyers around the world. Considering all the factors, the odds favour a gold price recovery from current levels, if only to call a halt to the underlying redistribution of bullion.

JPMorgan Advises To... Buy Gold?

Given that none of the Gold fundamentals have changed in any major way recently while also shrugging off of Paulson’s unwind, WHY the change of heart now especially as JPMorgan is also buying gold?

What Doesn't Kill Gold, Makes It Stronger

It turns out that the same paper markets that helped drive the price of gold down are beginning to run into the hard reality of physical Gold demand; their reversal may push gold to new highs

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