Markets▼ Negative
Gold bars, coins attract ₹81,890 crore in India despite 40% demand crash; how does China compare?
Indian markets moved lower.
· Business Today Mkts
Indian investors spent ₹81,890 crore on gold bars and coins in the September quarter despite a 40% year-on-year decline in demand, according to the World Gold Council. India remained the world's second-largest market after China, accounting for around 21% of global demand as elevated prices and higher import duties weighed on purchases.
The analysis
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Market context
- A market-wide development: it reaches beyond any single stock.