Goodbye to London's dominance… India is on the move!
The Securities and Exchange Board of India has officially mandated investment funds to use national spot prices for gold and silver instead of relying on London pricing.
📅 Implementation begins on 01/04/2026… and the countdown has started.
India is not an ordinary player…
It is one of the largest consumers and holders of gold in the world.
When a power of this size decides to price its gold domestically, this is a clear economic message:
The Asian market is no longer subordinate
How might this affect the global price? 🌍
🔹 If the local price is higher due to the strength of Indian demand:
A price gap may appear that drives arbitrage, meaning gradual upward pressure on the global price.
🔹 If the model expands to other countries:
We may shift from a single pricing center to a multi-center system…
And this is where the redistribution of influence in the gold market globally begins.
🔹 The psychological impact is equally important:
Any tremor in London's benchmark enhances the appetite for hedging, whether through physical gold or digital assets associated with it like $PAXG
