Page 5 - Bullion World Volume 4 Issue 4 April 2024

Bullion World | Volume 4 | Issue 4 | April 2024

discount to the international market, aggravating
from $35 to $40 below per ounce.
EDITORIAL In essence, while Chinese buyers eagerly lap up gold

at premiums, the West appears to be shedding its
Dear Readers holdings. This divergence highlights a fascinating
Optimism is deep as forecasts and the collective contrast in market dynamics, portraying a nuanced
sentiment towards gold has taken a decisive turn. global narrative of gold's trajectory.
With the Federal Reserve contemplating rate cuts,
the appeal for precious metals as an asset class is In this edition of Bullion World, we delve into an
resurging. Despite Federal Reserve Chair Powell's exclusive interview with Mr Krishna Goyal, the
confidence in taming inflation, he urges caution in Chairman & CEO of Dwarka Gems Ltd and also the
rushing into rate cuts, underscoring the economy Silver Convenor at GJEPC. Additionally, Mr Samweg
and labour market's robustness. Choksi shares insights on silver innovation across
various industries, highlighting Choksi's leadership
Traditionally, gold thrives in environments of declining role in this realm. We've also summarized the key
real interest rates; a trend observed when growth points discussed at the India International Bullion
stagnates and inflation rises. Interestingly, despite Summit organized by IBJA. Price outlooks are
real interest rates showing an upward trajectory in provided by experts Ms Soni Kumari from ANZ and
the previous two years gold has not succumbed, Mr Smit Rajesh Bhayani from Nirmal Bang.
maintaining its position or even climbing at times. Furthermore, we've compiled and illustrated key
Driving the physical demand for the metal are silver trade data for our readers' understanding.
emerging market behemoths like China and India, Hope you find the selection interesting.
with global central banks bolstering reserves for the
ninth consecutive month. Do write to us about subject of your interest. We are
also open to you penning your thoughts on precious
metals market.
Back home, Indian markets paint a different picture,
with scepticism overshadowing the gold rally, Best wishes,
leading to a sharp decline in demand. This hesitance G Srivatsava
is reflected in local prices trading at a substantial Editor

We would be happy to receive your comments and feedback on the content of this edition,
please write to editor@bullionworld.in

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