GJ Town India

  Weekly insights from the WGC reveal strong gold performance   Recently, World Gold Council [WGC] published Weekly [December 1 to 5 December, week] Markets Monitor.  Its key review highlights said, 1: Gold extended its strength: the LBMA Gold Price PM rose 1.2% w/w to US$4,243/oz, stretching the y-t-d gain to an impressive 63%. 2: Support from declining FX opportunity costs (+0.7%) outweighed pressure from rising yields, (-0.3%) and slowing gold ETF inflows (-0.1%), lifting gold up last week.    3: Global investors continued to be net buyers of gold ETFs – albeit at a slower pace – and their gold options’ bullish exposure also pulled back. 4: Gold needs to see a sustained move above resistance at US$4,245/oz to complete a triangle, continuation pattern for a resumption of its core uptrend.    The last week review for the US suggests, service sector strength, manufacturing weakness, and mixed signals from jobs market. Manufacturing and services activi...

  Gold investment volume up 7% & value grew 54%    Recently, World Gold Council published India’s Gold Demand Statistics for Q2 2025- for the period of April 2025 to June 2025. At the point, Sachin Jain, Regional CEO, India, World Gold Council said, "As we reflect on the performance of India’s gold market in Q2 2025, it is evident that we are witnessing a pivotal moment in consumer behaviour.    Despite a 10% decline in physical gold demand volumes to 134.9 tonnes compared to 149.7 tonnes last year, the value of this demand has surged by an impressive 30%. This mirrors the rising price of gold, with the average quarterly global price per ounce reaching US$ 3,280.4 and the domestic price per 10 grams touching INR 90,306.8—clear indicators of gold’s enduring appeal as a safe-haven asset.    On the investment front, we are encouraged to see a 7% increase in demand volumes, reaching 46.1 tonnes, and  a remarkable 54% growth in value to Rs. 41,650 ...

Gold ETFs show resilience amid global economic shifts   Recently, the World Gold Council published their Gold ETF Commentary for the September 2024. The Report said, once again, the region saw FX hedging related inflows, albeit at a slower pace than August, driven mainly by continued strength in local currencies against the dollar.   Asian funds attracted US$175mn in September, extending the region’s inflow streak to 20 months. India again saw strong inflows, driven by factors not too dissimilar from previous months. At the same time, the strong gold price momentum and elevated geopolitical risk were contributors.   Increasing net longs were mainly contributed by money managers – their net positions reached 793t as of September, 8% higher than the end-August level and 84% above the H1 average of 430t. Similar to previous months, gold’s eye-catching performance and investors’ rising bets on the Fed’s future rate cuts were main drivers. In the context of Fed Rat...