Should UAE investors buy gold amid record prices and market fluctuations? Here’s what experts told Arabian Business
Gold demand
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Gold
Surge in India’s gold demand expected on the back of import duty cut, wedding season purchases
The country’s gold imports more than tripled to 140 tons in August from the previous month
Gold
Big, fat Indian weddings to push up India’s gold imports from UAE, other sources
As many as 3.2 million weddings are estimated to take place in India between mid-November and mid-December, driving up demand for the yellow metal in a big way
Gold demand
India’s coronavirus outbreak nearly halts country’s gold jewellery production
An expert says the decrease in production will have an impact on India’s jewellery exports to the UAE, which is the largest export market for India’s gold products
2021 Forecast
Does vaccination rollout lift hopes for oil price recovery in 2021?
Oil set to recover in 2021 and gold powerful diversification tool, says Gerald Moser
Gold demand
Gold near eight-week high as coronavirus angst fires up haven demand
Surge has been supported by lower US real yields, a weaker dollar, and slumping equities
gold and jewellery trading
Video: Indians are not rushing to buy gold and here’s why
Kishore Narne from Motilal Oswal explains that people will take some time to accept the “all-time high” prices for the precious metal.