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Two Weeks, Two Divergences, One Mechanism: The Rupee is Rewriting Indian Gold
Macro Snapshot: Two weeks ago, the rupee crisis pushed MCX gold up 3.9% while COMEX gold fell 3.6%. The week ending May 29 produced the

Macro Snapshot: Two weeks ago, the rupee crisis pushed MCX gold up 3.9% while COMEX gold fell 3.6%. The week ending May 29 produced the

The week ending May 22 was the digestion week. After the policy shock of the previous week (the steepest gold import duty hike on record,

Macro Snapshot: The week ending May 8 had an unusual rhythm: high-volatility news flow, modest gold gains, and a sharp upmove in silver. Three threads
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