Mon, Jan 26, 2015
A A A
Welcome preal121
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 38958 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031