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/ -).
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