China Gold Buying Surges While India's Silver Market Tightens at $80 for Silver - SD Bullion
China Gold Buying Surges While India's Silver Market Tightens at $80 for Silver - SD Bullion
Source: SD Bullion
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DW NOTE
China bought 300,000 ounces of gold in June. That's the People's Bank, on the record, for the first time since it paused purchases in May 2024. They resumed buying the month the ceasefire collapsed. India's silver premium is now $2.50 over spot at $60.30 — a 4% markup that suggests physical tightness even as paper prices have cratered 47.6% from their peak.