GJ Town India

  Consumers are now moving towards lightweight jewellery   Colin Shah, Founder and Managing Director of Kama Jewelry view, the recent gold price surge to all-time highs, above ₹1.10 lakh per 10 grams in domestic futures, has been mostly propelled by international reasons like geopolitical tensions, trade turmoil, the effect of American tariffs, and poor labour market indicators in the U.S. that led to the Fed rate reduction. These have added to the appeal of gold as a safe haven asset globally.    Whereas such sharp increases have dampened conventional retail consumption in the near term, we are of the view that festival and wedding season will restore demand in India. Cultural and emotive value means that gold buying remains a priority at auspicious moments. Consumers are now moving towards lightweight jewellery ranging between 14K to 18K on grounds of affordability, and the shift in perception among the young generation towards gold as a prestige value rath...

  The gold price pushed global gold ETFs’ total AUM    Recently, World Gold Council [WGC] released their Gold ETF Commentary and said about, Risks channel August inflows West! Global physically backed gold ETFs attracted US$5.5bn in August, extending their inflow streak to three months. Similar to July, North American and European funds led global inflows while Asia and other regions saw mild outflows. Nevertheless, the y-t-d inflow of US$47bn reached the second strongest on record after the peak of 2020.    August inflows and a further rise in the gold price pushed global gold ETFs’ total assets under management (AUM) 5% higher to US$407bn, setting a new month-end record. Holdings continued to increase, rising 53t to 3,692t, the highest month-end value since July 2022 and 6% below the record of 3,929t, which was reached the first week of November 2020. Asian flows flipped negative in August, losing US$495mn. China lost the most: continued equity strengt...

  Investment drives gold demand Q2 value a US$132bn!     Recently, World Gold Council published their Gold Demand Trends Q2 2025 report.  The report said about, Investment drives gold demand in Q2 demand value rockets to a record US$132bn! Total Q2 gold demand (inclusive of OTC investment) increased by 3% y/y to 1,249t. In value terms, total gold demand jumped 45% y/y to US$132bn.   A second consecutive quarter of hefty demand for global gold-backed ETFs was instrumental in boosting overall Q2 demand. Uncertain global trade policy, geopolitical turbulence and the rising gold price all fuelled inflows.  Bar and coin investors also joined the fray, attracted by the rising price and gold’s safe-haven attributes. Two consecutive quarters generated the strongest first half for bar and coin investment since 2013. Central banks remained a key pillar of global demand, adding 166t to global official gold reserves. Although the pace of buying moderated, the outl...

  Gold may continue its profit-booking up as the positive trigger    Dr. Renisha Chainani, Head- Research, Augmont - Gold for all analysed the last week of August 4 to 8, 2025 that reviewed, gold hit a record $3,534 (~ ₹102,250) last week, driven by U.S. tariff confusion on Swiss gold bars, widening the London–New York spread to $100 before narrowing to $60. Despite uncertainty easing, market fragmentation risks remain. Fed rate-cut expectations and geopolitical developments may continue supporting prices.    Last week, gold surged about 3% and reached a record high of $3534 (~Rs 102,250), helped by news of tariffs on one-kilogram gold bars from Switzerland. The worldwide bullion market was significantly impacted by the decision to impose taxes on gold, which resulted in halted shipments. Gold bars were previously thought to be exempt from President Donald Trump's "reciprocal tariffs," which include a 39% tariff on items imported from Switzerland, a sign...

  GJC & the market noted record high gold & silver!   Looking at the Weekly Blog of Dr. Renisha Chainani, Head- Research, Augmont - Gold for all; Geopolitical tensions in the Middle East, particularly those involving the US, Iran, and Israel, maintain the demand for safe-haven assets high, which is keeping precious metals in a bullish momentum. China and Russia are the two central banks that are still hoarding physical gold, and the Dollar Index's stabilization below 105 provides another technical tailwind.   The rally has been mostly fueled by the threat posed by President Donald Trump's aggressive tariff program to global economic development, but the recent spike in geopolitical risk has given it further energy. In 2025, gold has increased by almost 30% , and central banks' attempts to diversify away from the dollar have been a major factor.   Over the weekend, Israel and Iran bombarded one another with missiles and drones, with the fighting raising energy...

  Consumers belief in gold is stronger than ever: Sachin Jain    By considering, festivity of Gudi Padwa, Ugadi, Chaitra Navratri and Ramzan Eid; Sachin Jain, Regional CEO, India, World Gold Council suggest, for generations, gold has been much more than an investment in Indian culture – it is a symbol of good luck and a harbinger of good times, and our households have forged a strong cultural bond with it.   This legacy takes on a fresh meaning this year as gold’s momentum has seen prices rise to historic highs , currently at INR 90,000/10grams or US$3,000 per ounce. While these high prices seem to have a temporary impact on the jewellery demand, the gold investment demand on the other hand, continues to drive the market, as record domestic prices and inflows into gold ETFs, digital gold, coins and bars reiterate gold’s appeal.   The shine will get brighter as festivals like Gudi Padwa, Ugadi, Chaitra Navratri, and Ramzan Eid are approaching, and th...

  Trending to maintain its upward momentum!   Gold trend show that it is eyeing on ongoing developing geo-political scenario especially keeps an eye on Russia-Ukraine peace talks! As concerns about a possible global trade war fueled demand for safe-haven assets, uncertainty about U.S. President Donald Trump's tariff proposals continued to drive gold's strength today.   In terms of geopolitics, a group of European leaders decided during a conference in Paris on Monday, 17 th February that they were prepared to provide Ukraine with security assurances, but that it would be risky to reach a truce without also reaching a peace deal is learning at the Augmont Bullion. To discuss the ongoing conflict between Russia and Ukraine and to strengthen bilateral ties, top Russian and American officials, including foreign ministers, will gather in Saudi Arabia today. Three years after Ukraine's invasion, the conference is expected to be significant because of the US's role i...

Gold and silver's CPI soften over steady fed rate   At the juncture Colin Shah, MD, Kama Jewelry said, “The decision by the US Fed to keep the policy rate intact for the seventh consecutive time comes as per the industry expectations. Although the inflation has cooled down, it has still not come under the Fed’s expected range, thereby deferring the possibility of three rate cuts, which we could have possibly seen during this calendar year.   As per the forecast by Fed, it has hinted that it may start slashing rates from next year onwards wherein a rate cut of 100bps is in focus. However, we will have to wait and watch how the inflation numbers play out, which will further decide the possibility of rate cuts next year.   Gold prices saw some softness post Fed’s announcement in domestic market. Since Q2 of financial year is usually a dull phase due to monsoon and shraadh, we expect the prices to remain dampened during this period. Nevertheless, we hope for the demand ...

The myth regarding gold & what does the data tell us?   Recently ABC Bullion highlighted the myth & asked, does gold need the dollar to fall? One of the interesting myths regarding gold as an investment is one that suggests it only does well in periods the US dollar (USD) is falling. Indeed, some analysts go so far as to say that it’s the anti-dollar.   It’s of course worth noting briefly that up until 1971, US dollars were formally backed by gold, at a formal price of close to $35 per troy ounce (oz), meaning you could exchange USD $35 for an ounce of gold through the banking system.   This backing was brought to an end during the Nixon administration, and it has now been just over 50 years since the US abandoned the gold standard. Back to the myth regarding gold and its relationship with the USD, in simple terms, some believe that anytime the USD is going up in value, the gold price will be going down, and vice versa. A detailed examination of market hist...

Swiss gold exports hit 10 month high in March   World Gold Council (WGC) j ust released, Gold Market Commentary, under the heading of Inflation, falling yields and the US dollar pushed gold higher, said, “Looking forward, we expect inflation concerns and the direction of rates to remain an important driver of gold prices, while rising Covid cases could weigh on consumer demand but support investment.”   Looking ahead the Commentary says, rates dominate but Covid poses risks! Rising inflation expectations and questions around central bank tapering are front-and-centre for investors. Despite recent increases in inflation, central banks have maintained their accommodative stance in words and actions.   Markets remain nervously poised for the outcome of rising inflation and central banks' reactions to it. While yields in the US moderated during April, they continued to rise across Europe and parts of Asia. Gold’s increased sensitivity to changes in interest rates mean...