India’s gold market won’t cool: record prices bite, but ETF inflows surge
India’s gold demand stayed firm in December, with record ETF inflows of 116 billion rupees, the World Gold Council said. Gold futures slipped on Jan. 16 after profit-taking, as international prices retreated from record highs above $4,600 an ounce. Jewellery buyers shifted to lighter, lower-purity items, while digital gold purchases via UPI reached 21 billion rupees last month.