Indians shift to gold investments as local equities founder

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The story "Indians shift to gold investments as local equities founder" was covered 2 days ago by Financial Times, a news publisher based in United States.

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Financial Times 2d ago

Indians shift to gold investments as local equities founder - Financial Times

Quick Summary:

Indian households, especially in semiurban and rural areas, already hold a significant part of their savings in the form of gold jewellery and last year increased their investment in bars and coins.

The sky-high prices have eased some demand for physical gold, especially jewellery, which accounts for nearly 70 per cent of consumer demand for the commodity in India.

Investors have been “redirecting free cash flow towards gold ETFs” amid “ongoing global and domestic economic and policy uncertainty”, the WGC wrote in its latest India report.