💍 Physical demand and fund flows
Price-sensitive buying in China and India cushions dips; ETF flows amplify moves.
Now · updated 2026-10-26
Supportive Buyers returning in Shanghai; Indian festival demand up
China and India dominate jewellery and bar demand and buy more when prices fall (as in October 2026). ETF flows move faster: heavy 2013 outflows coincided with a 30% drop from October 2012 to December 2013.