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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Indians rush to buy more gold during festive period

Posted on 26 October 2011

If any more proof was needed about India’s craze for gold, one just has to look at sales in just one city for just one day. Nearly 35 kilograms of gold was sold on a single day on Monday, earning more than $1.8 billion for traders on the highly auspicious Dhanteras, the day preceding Diwali.

Even as Indians get ready to celebrate the festival of lights Diwali on Wednesday, October 26, the people of Chandigarh in Punjab have shown the intensity with which the yellow metal continues to be revered in the country by buying up massive quantities of gold on Monday……………………………………….Full Article: Source


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VRS - who has written 36221 posts on Opalesque Commodities Briefing.


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