Gold demand surges as bullion remains a safe haven

Pedro Gonçalves
clock • 2 min read

Gold demand is surging as increased market volatility sparks investor speculation across the globe. Physical gold demand climbed in India this week, with sellers charging premiums for the first time in five-and-a-half months as jewellers took advantage of a price dip and lower imports squeezed supply. Earlier this month, Indians celebrated the Dhanteras and Diwali festivals, when demand peaks. Indonesian gold trader Sembada Gold director of operations Hendry Wijaya said his company recorded a 15% year-on-year growth in gold sales in October, citing market volatility sparked by trade w...

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