Gold prices are set for an annual decline for the first time in 13 years. This is expected to happen soon as investors have started to move money to riskier assets such as Equities. Gold, as we know, has been the most favourite investment avenue among the investors for some time now.
However, there were continuous outflows seen from Gold ETF’s. India has already made its stance clear that consumption of Gold needs to be reduced and has also taken steps in that direction. Rising demand for equities in world markets instead of gold could be seen as a major change in investor mindset.