Source link : https://news7.asia/business/festive-cheer-sparks-surge-in-gold-demand-across-india-as-chinas-market-remains-calm-after-holidays/
Gold demand in Asia showed a mixed performance this week, with India’s festive buying providing strong support amid the ongoing celebratory season, while China’s market remained subdued in post-holiday trade. According to Reuters reports, Indian consumers and jewelers actively increased purchases ahead of major festivals, reinforcing the metal’s status as a preferred store of value. In contrast, Chinese gold trading experienced limited activity following the Golden Week holidays, reflecting cautious market sentiment and weaker domestic demand. This divergence highlights the differing drivers influencing Asia’s largest gold markets in the current economic climate.
Asia Gold Demand Strengthens as Indian Festive Buying Boosts Market
Gold demand across Asia has seen a notable uptick, largely driven by robust buying during India’s festive season. Shoppers and investors in India are turning to gold as a traditional choice for gifting and investment, fuelling sales in jewelry stores and bullion markets. Despite global economic uncertainties, consumer confidence remains strong, supported by favorable price levels and upcoming cultural celebrations. This seasonal spike is expected to sustain momentum through the next quarter, highlighting the resilience of India’s gold market amid shifting regional dynamics.
Meanwhile, China’s gold consumption has remained subdued following its recent public holidays. Analysts attribute the muted activity to cautious investor…
—-
Author : Atticus Reed
Publish date : 2025-10-11 23:02:00
Copyright for syndicated content belongs to the linked Source.
—-
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8