Gold Gets Its Festive Shine Back as Lower Prices Lure Asian Buyers
4 Articles
4 Articles
Gold gets its festive shine back as lower prices lure Asian buyers
Recent declines in gold prices in India have sparked greater interest among physical buyers, leading to reduced discounts from sellers. With the festival season on the horizon, demand is likely to surge, particularly for jewelry. Similarly, Singapore reports increased buying activity, as evidenced by dealer inventories. Meanwhile, China is keeping a close eye on price fluctuations, experiencing high premiums for gold.
Gold price future roadmap: What led to 6% yellow metal fall in Sept 2026? Will Diwali help bounce back? Experts view
Gold prices dropped 6.5% in September, the worst monthly performance since June, due to rising US bond yields and a strong dollar. Investors are now assessing whether seasonal demand and geopolitical uncertainties can support a recovery in October.
The fall in gold prices has created a mixed mood among the Indian public, with gold prices in India registering their biggest decline since June in September. The US Federal Reserve, the central bank, has been steadily raising interest rates, leading to the highest interest income in the last 10 years.
Gold is considered an active refuge against market volatility, although it does not yield returns.
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