Market Commentary

This report looks at the future of the gold market in India. It puts in context the market for gold, and examines the strategic outlook for the Indian economy and gold demand over the next decade. There is short discourse on the mythological and cultural significance of gold in India as well as detailed econometric analysis of Indian gold demand from 1980 to 2009.

This report is the first of a new series on the Indian gold market; it provides an analysis of the history, recent developments, and the revival of Indian gold demand during 2010. It details Indian jewellery consumption, investment demand, decorative and industrial demand, gold imports, seasonality and monsoon rains, central bank activity, and recycled gold supply.

Natalie Dempster, Director of Government Affairs, World Gold Council, discusses the role of gold as a partial solution to the eurozone sovereign debt crisis.

This report explores the outlook for gold demand and supply in China. The Chinese economic growth story is common knowledge; however what is new here, is the clarification of the impact of China’s GDP growth trajectory on the outlook for the Chinese gold market.