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

Platinum demand to rise 50pct in India

Posted on 31 October 2012

Growing popularity and awareness among consumers are set to drive platinum demand by 50% in India for the next couple of years. Moreso, aspiring customers’ desire for a change from the perennial gold with higher possibility of returns on their investment is likely to pull platinum demand in India.
Jewellers believe India’s platinum demand today at around 15 tonnes. But, its popularity is increasing day – by – day as the metal is considered as rare with estimated returns higher than gold. Since, platinum price has been sustainable lower than gold for the last over two years, its price may surpass gold soon which holds higher possibility of returns……………………………………….Full Article: Source


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VRS - who has written 34686 posts on Opalesque Commodities Briefing.


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