India's Gold Demand Expected to Spike in 4Q: Somasundaram

The video discusses the demand for gold in the fourth quarter, highlighting the impact of festivals and weddings. It examines the effect of a weak rupee on gold prices, noting that international prices have also decreased. The video explores why gold isn't acting as a traditional safe haven, despite inflation, and compares gold demand with cryptocurrency trends. It also covers the rise of digital gold sales, particularly among the younger generation, and reviews gold consumption trends in India, noting a return to pre-COVID levels.

Why is the fourth quarter traditionally one of the best for gold demand?

• Due to increased mining activities

• Because of festivals and weddings

• Lower gold prices

• Government incentives

What has been the effect of the weak rupee on gold prices?

• Gold prices have become volatile

• Gold prices have remained attractive

• Gold prices have decreased

• Gold prices have increased significantly

Why hasn't gold acted as a traditional safe haven recently?

• Because of high inflation

• Due to increased gold mining

• Due to a lack of perceived crisis

• Because of government regulations

How has the demand for gold changed in relation to cryptocurrency?

• Gold demand has been unaffected by crypto

• Gold demand has remained stable

• Gold demand has decreased significantly

• Gold demand has increased due to crypto

What percentage of gold sales is still in physical form?

• 90%

• 60%

• 80%

• 50%

What is the expected gold demand for the current year compared to last year?

• Higher than last year

• Significantly lower than last year

• Slightly lower than last year

• Same as last year

What is the role of digital gold sales in the market?

• They dominate the market

• They are growing but still small

• They are declining

• They have replaced physical gold