Given that demand from India will be able to cushion the decline in gold prices, gold prices are currently expected to average $1,150 per ounce, compared to expectations of $1,130. Analysts at Commerz Bank also hold the same view. He believes that as the dollar weakens, India's physical demand will also support gold prices. According to the analyst, according to the All India Gems & Jewellery Trade Federation, India imported 70 tons of gold in March, and the total imports in the 2014/15 fiscal year reached 638 tons. The Indian Gem and Jewelry Trade Federation expects gold imports in the latest fiscal year to be between 800-825 tons. Cooper also said in the report of the day: "From the perspective of the correlation between the euro/dollar and the gold price, the exchange rate trend begins to deviate from the gold price again. The strength of the dollar may limit the upside of the gold price." He expects that the third quarter will be the weakest quarter of gold prices this year.
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