Indian gold markets are having a wild ride. Reports over the weekend indicate that demand for gold surged in India during May. The market went into a buying frenzy which prompted a surge in imports of scrap gold.
And then, as markets tend to do, it apparently overshot to the point where gold is now trading at a slight discount to start this week.
While the history makes for a fun adventure, you can get a great overview and a brief look at the factors driving the Indian consumer market in today’s featured article.