Gold, silver and the monsoon
More rainfall has an impact on agricultural production in India, and therefore on income and demand for gold and silver.
(PresseBox) - Around half of Indians live from agriculture. If the harvests are good, the income of the rural population increases, and they can spend more money on gold and silver. The monsoon season in India lasts from June to September. During this time, 80 to 90 percent of the rainfall occurs. This time, the monsoon began around ten days earlier than usual, at the end of May, and the amount of rainfall is around eight percent higher than normal. Sowing activity is around ten percent higher than last year. The monsoon is developing well this year, especially in northwest and central India. It has already covered the entire country and the number of regions with rainfall deficits has halved every week.
The number of regions with excess rainfall has doubled. Reservoir levels are now 80 percent higher than in the previous year. More rain, more water storage and, as a result, sowing is picking up speed. For example, when there was too little rain in 2023, demand for precious metals fell. The demand for gold jewelry fell by four percent and the demand for silver jewelry fell by a massive 25 percent. So, this year looks good for the monsoon and therefore also for the demand for gold and silver, and India is an important country in terms of precious metal demand. Although the prices for the two precious metals are high, Indians are traditionally fond of gold and silver.
MAG Silver - https://www.commodity-tv.com/ondemand/companies/profil/mag-silver-corp/ - is one of the successful producers with its stake in the Juanicipio silver mine in Mexico. In 2025, it delivered high silver grades and a record yield.
Endeavour Silver - https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ - is also producing successfully at its projects in Mexico, Peru and Chile.
Current company information and press releases from Endeavour Silver (- https://www.resource-capital.ch/en/companies/endeavour-silver-corp/ -) and MAG Silver (- https://www.resource-capital.ch/en/companies/mag-silver-corp/ -).
In accordance with ?34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/.
Unternehmensinformation / Kurzprofil:
Datum: 04.07.2025 - 11:23 Uhr
Sprache: Deutsch
News-ID 723859
Anzahl Zeichen: 0
contact information:
Contact person: Jörg Schulte
Town:
Herisau
Phone: +49 (2983) 974041
Kategorie:
Financial Services & Insurance
Diese Pressemitteilung wurde bisher 139 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Gold, silver and the monsoon"
steht unter der journalistisch-redaktionellen Verantwortung von
Swiss Resource Capital AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
