Perspective on the Gold & bullion industry by Darshan Desai, CEO, Aspect Bullion & Refinery
Below the Perspective on the Gold & bullion industry by Darshan Desai, CEO, Aspect Bullion & Refinery
“Gold prices have remained under pressure, with a stronger dollar, rising crude oil prices and expectations around US interest rates weighing on sentiment. Silver has also witnessed a sharper correction.
From the Indian bullion industry’s perspective, buying remains cautious, although the festive and wedding season continues to support demand.
For the week ahead, volatility is likely to persist, with US midterm election results, economic data and geopolitical developments influencing prices. Any sustained recovery will largely depend on global market cues.”
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