Tue, Oct 21, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Trends more

Festival gold demand in India seen hurt by slowing economy

Posted on 18 September 2013

Gold demand in India, the biggest user, is poised to decline during the main festival season as the weakest economic growth in a decade curbs discretionary spending and volatile prices spur investor selling.
Sales of jewelry, coins and bars between August and November will be less than a year earlier because of the slowdown and a bullion shortage caused by central bank curbs on imports, said C. Vinod Hayagriv, managing director of C. Krishniah Chetty & Sons Pvt., a Bangalore-based retailer. He didn’t say how much gold was sold during festivals in 2012………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37533 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031