Demand for gold rose by 6 percent to a 1-1/4 year high in the third quarter of 2011, driven by central bank purchases and European demand for bullion against the
Demand for gold exchange traded funds (ETF) in India is likely to "explode" as investors get accustomed to "click-and-park" mode of investing, shying away from sagging stock markets and as high inflation eats into bank savings, a trade body head told Reuters on Thursday.
Notwithstanding the skyrocketing gold prices, retail sale of gold jewellery is expected to see a 10-15 per cent growth this year in India during this festive season, the World Gold
Demand for gold, which is witnessing a surge in prices, is likely to remain strong in the second half of 2011, following high inflationary pressure and weak alternative investment sources
Gold demand in India will continue to grow and is likely to reach 1 200 tonnes or approximately Rs 2. 5 trillion by 2020 at current price levels according
India owns over 18,000 tonnes of above ground gold stocks worth approximately $ 800 billion and representing at least 11 per cent of global stock, according to estimates of World
India has retained its position as world's largest gold consumer after a weak first quarter owing to around 49 per cent recovery in demand in peak wedding and festival season,
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