India’s gold market strengthened in July as ETF holdings and imports surged – WGC’s Chacko

(Kitco News) – Indian gold prices rose last month and into August, with discounts narrowing as retailers ramped up inventories for the festival season, all while ETF flows and holdings rose, according to Kavita Chacko, Research Head for India at the World Gold Council (WGC).Chacko wrote in the latest WGC update that gold prices have seen renewed strength in August after July’s modest 0.3% gain.