TD Securities notes that the Shanghai Gold Exchange has admitted four major Chinese life insurance companies as members under a new pilot program, potentially paving the way for a significant surge in institutional gold demand. The inclusion grants these insurers access to purchase gold directly through the exchange—marking a notable shift in policy that could expand the network of domestic buyers. Together, the four firms manage nearly CNY13 trillion in assets, representing close to two-thirds of the total potential demand that could emerge under the program. TD Securities says this development could generate a “massive new buying impulse” for gold, as institutional capital flows increasingly into the precious metal amid a changing regulatory landscape. This article was written by Eamonn Sheridan at www.forexlive.com.

Global investor Jim Rogers advises investing in precious metals like gold and silver, sharing insights from his experiences in India. He discusses India's rising gold demand, and mutual fund investmen...

By Rajendra Jadhav and Anmol Choubey (Reuters) -Physical gold demand in key Asian markets improved slightly this week as a pullback in prices sparked buying interest, though volatility kept some buyers cautious. Spot gold hit its lowest level in a month on Wednesday and was headed for third consecutive weekly loss. [GOL/] "This week, footfall was better than last week. Buyers were inquiring about price trends and making small purchases," said a Pune-based jeweller. Domestic gold prices were trading around 97,700 rupees per 10 grams on Friday after rising to 100,555 rupees last week. Discounts offered by Indian dealers narrowed to as much as $7 an ounce over official domestic prices, inclusive of 6% import and 3% sales levies, compared to up to $15 last week. Jewellers were keen to make purchases to replenish inventory after a correction in overseas prices, but a significant drop in the rupee offset the impact of the price fall to an extent, said a Mumbai-based bullion dealer with a private bank. India’s gold consumption in 2025 is set to fall to a five-year low, as record-high prices are denting jewellery purchases, the World Gold Council said on Thursday. In China, dealers quoted gold in a wide range, between a discount of $4.2 and a premium of $12 per ounce above international rates. "China appears to slightly buy the dip in gold... trading volume for the physical proxy contract AU9999 on the Shanghai Gold Exchange has been on the rise (11 tons traded yesterday), reflecting a renewed interest in the metal," said Hugo Pascal, a precious metals trader at InProved. In Hong Kong gold was sold at par to a $1.50 premium, while Singapore prices ranged from par to a $1.40 premium. "There was lots of demand to buy if the price dropped even slightly. Regardless of the Japan-U.S. trade deal, gold is being purchased as an asset class amid low interest rates," a Japan-based trader said. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

LONDON (Reuters) -Global gold demand including over-the-counter (OTC) trading rose by 3% year-on-year to 1,248.8 metric tons in the second quarter of 2025 as investment jumped 78%, the World Gold Council said on Thursday. Spot gold prices are up 26% so far this year after hitting a record $3,500 per troy ounce in April as uncertain global trade policy and geopolitical turbulence fuelled inflows into safe-haven assets. Demand for gold bars rose 21% in the second quarter, offsetting a continuing slump in demand for coins, said the WGC, an industry body whose members are global gold miners. Physically backed gold exchange-traded funds recorded their largest semi-annual inflow since the first half of 2020 from January to June, the WGC said earlier in July. Global gold jewellery consumption, the main category of physical demand, fell 14% to 341.0 tons, the lowest level since the pandemic-swept third quarter of 2020, as the high prices deterred buyers. "Much of the decline came from China and India, whose combined market share fell below 50% for only the third time in the last five years," the WGC said. Central banks, another major source of gold demand, reduced purchases by 21% to 166.5 tons in the second quarter, the WGC calculated, based on reported purchases and an estimate of unreported buying. On the supply front, recycling added 4% to 347.2 tons in the second quarter, but remained relatively subdued despite record prices, as Indian consumers opted to exchange old jewellery for new, or to pledge it as collateral against loans. The WGC downgraded its estimate of this year’s gold purchases by central banks, adding that the longer-term trend of central banks reallocating from the U.S. assets to gold remains intact. Gold ETFs have further upside potential in the second half of this year with retail investment due to soften modestly, the WGC added. Gold supply and demand by WGC*: Q2’24 Q1’25 Q2’25 Q2’25 change y/y % TOTAL SUPPLY 1,210.0 1,174.5 1,248.8 3 Mine production 896.2 833.0 908.6 1 Net producer hedging -20.4 -7.1 -7.1 Total mine supply 875.8 825.9 901.5 3 Recycled gold 334.2 348.5 347.2 4 TOTAL DEMAND 1,210.0 1,174.5 1,248.8 3 Jewellery fabrication: 417.2 425.4 356.7 -14 - Jewellery consumption 395.6 383.4 341.0 -14 - Jewellery inventory 21.6 42.0 15.7 -27 Technology: 80.2 80.4 78.6 -2 - Electronics 66.8 67.0 65.8 -2 - Other industrial 11.1 11.3 10.8 -3 - Dentistry 2.3 2.1 2.1 -9 Investment: 268.1 551.2 477.2 78 - Total bar and coin: 275.2 324.6 306.8 11 of which bars 200.2 257.7 243.1 21 of which official coins 49.6 44.3 38.9 -22 of which medals 25.4 22.7 24.8 -3 - ETFs/similar products -7.1 226.6 170.5 Central banks/institutions 211.5 248.6 166.5 -21 Gold demand 977.0 1,305.6 1,079.0 10 OTC and other 233.0 -131.2 169.8 -27 *Source: Metals Focus, ICE Benchmark Administration, World Gold Council.

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The World Gold Council predicts that advancements in AI technology will increase demand for gold.