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Gold demand seen recovering in 2013: Bankers

Posted on 14 November 2012

India’s gold demand is expected to recover next year, largely due to an expected increase in jewellery purchases after a difficult 2012 during which sales dropped due to higher import taxes and a weak rupee, industry officials said on Tuesday.
An increase in auspicious days for weddings in 2013 - a key factor driving gold jewellery purchases in the world’s top gold consumer - will help boost demand by 25 percent on the year, said Shekhar Bhandari, executive vice president of treasury at Mumbai-based Kotak Mahindra Bank……………………………………….Full Article: Source


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