In-depth analysis on the Indian gold market by WGC
The drivers of Indian gold demand report released the first in a series! For every 1% increase in Inflation, gold demand In India increases by 2.6%, highlights World Gold Council (WGC) Report The World Gold Council today launched a report titled ‘The drivers of Indian gold demand’, the first in a series of in-depth analysis on the Indian gold market. Using an econometric model, it draws on three decades of annual data, dating from 1990 to 2020, to gauge some of the principal influences driving gold demand in India. The report assesses gold demand from a range of perspectives, both quantitative and qualitative. It considers the findings of a comprehensive analysis of the long- and short-run determinants of Indian gold demand and examines demographic, socio-economic, and related developments that are likely to shape gold demand in the country, now and in the future. The econometric analysis shows that r