New Delhi, Gold price declined by Rs 100 to Rs 59,600 per 10 gram in the national capital on Wednesday amid a fall in prices of the precious metal globally,
Gold demand is picking up in India. The countrys big retail jewellers said that with the festival and wedding season approaching, consumers have started purchases to gain from the nearly 6.5% drop in prices from the June quarter. Experts views that gold prices in India may not drop significantly now have also aided this increase in demand.
India Gold Demand: Gold demand is picking up in India. The country’s big retail jewellers said that with the festival and wedding season approaching, consumers have started purchases to gain from the nearly 6.5% drop in prices from the June quarter. Experts’ views that gold prices in India may not drop significantly now have also aided this increase in demand.
Gold prices, which had softened over the last few weeks, may again shoot up and touch Rs 62,000 per 10 gm according to jewellers and fund managers. The movement of the yellow metal will largely be guided by the economic data in the West, and the magnitude of the recession in the US.