Mon, Nov 24, 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 38109 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
November 2014
S M T W T F S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30