Gold: Mukesh Kumar, manager of research for @GOLDCOUNCIL in India, has spent the past few days talking to contacts across the Indian #gold market. The first thing I would observe is that the NCDEX polled premium is now positive (data to 20 August) 1/6 
Gold: Mukesh notes that there will be an impact from the recent devastating Kerala floods and that the Onam festival will see less #gold demand than normal. But almost all the contacts believe the impact of the flooding will be temporary and should be limited to Q3-18. 2/6
Gold: For country as a while, almost all elements of the trade (fabricators, retails, dealers, banks and industry associations) are positive about #gold demand in H2-18. 3/6
Gold: Indian rural demand for #gold in Q3 has been modestly stronger than last year, based on a small sample of retailers in semi-urban / rural towns. 4/6
Gold: Sentiment at India’s largest wholesale event, India International Jewellery Show held in August, was healthy and large jewellery fabricators are very optimistic about #gold demand in H2-18, especially via the organised sector. 5/6
Gold: Much of this uplift in #gold demand is expected to come through in Q4-18.
I have more detail from Mukesh if anyone would like it. 6/6
I have more detail from Mukesh if anyone would like it. 6/6
@threadreaderapp please unroll
