Gold demand seen resilient as Indians ‘learn to live with virus’

Bloomberg/Swansy Alfonso/1-19-2022

“‘There was lot of uncertainty,’ when infections started spiking, but cases are now coming down, P.R. Somasundaram, regional chief executive officer for India at the [World Gold Council], said in an interview with Bloomberg TV. ‘I don’t think the third wave has affected demand. As a country, I think we have moved on to live with the virus.'”

USAGOLD note: The World Gold Council estimated that sales in the fourth quarter of 2021 would be the best in a decade as India attempts to return to normalcy.