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Commodities Briefing - Categorized | Bullion/Gold, Investment, Price Watch more

Investment demand likely to lift gold prices by 7-10pct in Q3

Posted on 08 October 2012

Gold as an investment instrument is likely to see a 7%-10% growth in the October-December quarter largely driven by festival demand. Investment in gold exchange-traded funds (ETFs) is expected to increase a shade over 7% as compared to a 5% growth in the last quarter.
Bullion dealers and jewellers say demand for gold coins and bars is expected to grow by 10% in the third quarter of FY13 and investors who were shying away from the market due to a rally in gold prices have returned to the market in the last 4-5 days as prices have fallen to Rs 31,500 per 10 gm due to a stronger rupee………………………………………..Full Article: Source


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VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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