Sat, Sep 20, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold more

India’s gold, silver inventories pile up

Posted on 19 October 2011

Gold and silver sales are sluggish nearly three weeks into India’s peak festival season but will likely pick up Thursday because of an auspicious occasion, traders said.
“Showrooms are empty because liquidity is tight and people don’t have savings,” Prithviraj Kothari, president of the Bombay Bullion Association said Tuesday. “We are waiting for customers, but only inventories have increased as people had stocked up in anticipation of the festival season.”………………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 37015 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930