In this discussion, I give an update on gold demand in India and China following my earlier interview at PDAC in March 2016.

India and China remain central to the global gold market, but their demand is shaped by very different social, cultural, and economic forces. In India, gold remains deeply tied to savings, family wealth, and distrust of institutions. In China, gold demand reflects rising wealth, financial uncertainty, and the desire to preserve value outside a fragile paper-money system.

Watch the full discussion below:

Key Takeaways

• India and China remain two of the most important sources of global gold demand.
• Indian gold demand is shaped by culture, savings habits, rural income, and distrust of institutions.
• Chinese gold demand reflects rising wealth, financial uncertainty, and the need to preserve value.
• Gold continues to function as protection against weak currencies, fragile banking systems, and political risk.
• Investors should understand the social and cultural foundations of Asian gold demand rather than relying only on price charts.