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.

How does the current gold demand compare to pre-COVID levels?

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What trends are observed in digital gold sales among the younger generation?

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What was the total gold consumption in India last year, and what is the expectation for this year?

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