Partial flight resumptions restore some gold flows from key hub Dubai

Recent partial resumptions of flights from Dubai have begun to alleviate disruptions in the gold supply chain, significantly impacting India, one of the world's largest consumers of bullion. Currently, gold prices in India are trading at a discount compared to London prices, reflecting the ongoing challenges in the market. Despite these improvements, traders remain cautious, predicting that demand in India is likely to remain subdued over the next two weeks. The situation highlights the delicate balance in the gold market, where both logistical issues and consumer demand play crucial roles. As the country continues to navigate these supply challenges, it remains to be seen how quickly the market will stabilize and whether demand will rebound in the coming weeks.