Page 17 - Bullion World Issue 11 March 2022_Neat
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Bullion World | Issue 11 | March 2022
Source: Metals Focus, Refinitiv GFMS, World Gold Council
Bars and Coins demand, clearly Dhanteras, Diwali, they are periods when people buy bars and coins in India.
They also saw a high largely due to, as I said, softer prices, it will come out having money to invest higher savings
because of covid, lack of expenses towards travel and other stuff channelized savings into gold
Source: Bloomberg, Company Filings, ICE Benchmark Administration, World Gold Council
ETFs saw 9 tons inflows in 2021, taking total holdings to 38 tons. Now again ETFs if you compare it with the
overall demand for India's with this fraction still, this seems to be catching the fancy of investors and there's
something the government also would like to see grow.
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