International market analysis of gold's demand and supply -with special reference to gold strikes in India Dr. Nischal Shivani Professor, Post Graduate Department of Commerce & Business Management, Khalsa College, Amritsar (143001), Punjab, India. shivaninishchal@gmail.com Online published on 4 June, 2019. Abstract The Current research framework analysis the market's demand and supply of Gold as main investment in international scenario. The demand of Gold Increase by 21 percent to 1289.8tthat is the strongest on record of first quarter Q1 in 2016. Investment too drove gains. Jewellery fell sharply on higher prices and market specific factors. Jewellers respond to government tax rises with country-wide strikes, forcing Indian consumers to postpone Q1 demand. India's jewellery market virtually ground to a halt in March as a combination of surging prices and industrial action in protest at government policy made for an extremely challenging quarter. In mid-January, the local gold price breached the key Rs26,000/10g level, reaching Rs28,000/10g by 10 February before surging higher still, getting close to Rs30,000/10g by the end of the quarter. This sent a strong signal to Indian consumers to hold off on buying gold jewellery until prices stabilised. As demand dried up, the local market quickly moved into a discount to the international price. This reflected not only a dearth of consumer demand, but also a drying-up of supply as the market effectively shut down in March. Top Keywords Gold Demand, Gold Supply, Indian Strikes, Indian Jewellary Demand, Market Situations and International Market. Top |