Gold price shows resilience, Indians like gold

Advertisement/Advertising – This article is distributed on behalf of Sierra Madre Gold and Silver Ltd. and Fortuna Mining Corp., with which SRC swiss resource capital AG has paid IR consulting agreements. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: February 02, 2026 ; 5:00 p.m. Zurich/Berlin

The price of gold therefore has a certain resilience. And then there was renewed uncertainty about tariffs. This is fueling concerns about the unpredictability of the US president's policies, which is good for the price of gold. Inflows into gold ETFs remain strong in India. January saw record inflows into gold ETFs and record investor participation. For the ninth consecutive month, Indian gold ETFs saw net inflows, reaching a record high of around US$2.5 billion. Assets under management rose to around US$20 billion by the end of January. This is more than three times as much as a year ago, which is of course also due to the rise in the price of gold.

The Indian love of gold has a long tradition. Gold is considered a store of value, but also a symbol of good luck, social security, and prosperity. February also saw continued strong net inflows into Indian gold ETFs. The price rally in gold has thus attracted new investors. Price declines trigger purchases. Gold bars and coins also remain in high demand.

Consumers have made more staggered purchases when buying jewelry. In 2025, demand for jewelry in India fell by around 20 percent compared to the previous year. However, due to high gold prices, sales rose by 25 to 30 percent. Instead of jewelry, investment products are popular purchases. This has already been seen in China, the world's largest gold consumer. In the first half of 2025, approximately 26 percent less gold jewelry was purchased there, but 24 percent more gold coins and bars were sold. In addition to physical gold, gold companies are also benefiting from strong gold prices.

Sierra Madre Gold and Silver - https://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver-ltd/ - successfully started production at its Guitarra project (gold and silver) in Mexico. The focus is now on increasing production and minimizing costs. The company recently made a second silver mine acquisition in Mexico, which includes three fully approved underground mines and a flotation plant. Sierra Madre Gold and Silver was named one of the Top 50 Companies for 2026 by the TSX Venture Exchange.

Fortuna Mining - https://www.resource-capital.ch/en/companies/goldmining-inc/ - is a successful gold and silver producer with mines in West Africa and Latin America. In the third quarter of 2025, more than 72,000 ounces of gold were produced. The mine in Senegal has achieved very good drilling results, and a construction decision is expected in the second quarter of 2026.

Current company information and press releases from Fortuna Mining (- https://www.resource-capital.ch/en/companies/fortuna-mining-corp/ -) and Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-ltd/ -).

Further information is also available in our new precious metals report at the following link: https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/

Sources:

https://www.gold.org/goldhub/gold-focus/2026/02/india-gold-market-update-price-strength-fuels-demand?utm_medium=email&utm_source=newsletter&utm_campaign=GOLDHUB%3A+Your+Weekly+Gold+Market+Round-up%2C+February+20%2C+2026;

https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/

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