It has been a lost year for gold. Globally, investors have remained risk takers both in fixed income and equity markets. Domestic equity markets have delivered at least 27% since the start of 2017 and even though fixed income returns turned lower this year—change in global gold prices, a rise of around 2%, is dismal and has kept investors away.
Overall demand for gold is lower. Both jewellery and investment demand is lower globally, despite a pick-up in global demand for gold exchange traded funds (ETFs).
Here is a quick recap of what impacted gold demand and prices the most.
