The markets have run up significantly. We are trading at all-time highs and a lot of the positives of the election seem to have got priced in. I think it is a given that BJP victory with a higher number of seats and NDA also with higher number of seats, that is kind of discounted in the market.
Gold demand in India seen falling as prices surge, investment buying rises
India’s gold consumption is projected to drop to 650–700 tonnes this year as a sharp price rally hurts jewellery demand. Investment buying remains strong, with