29.10.2013 - Indian gold demand soldiers on despite govt intervention - UBS
The line between investment and jewellery demand within India is often decidedly blurry. This is one of the many reasons why the Indian government's quest to rein in gold imports is rather quixotic and, it begs the question, how sustainable is the current regulatory framework? In its daily precious metals note, UBS asks exactly that, commenting that, while the situation is fluid, "There is a clear recognition of the reality that a decent portion of demand particularly in the form of jewellery and ornaments linked to festivals and wedding traditions will remain intact."..............................................Full Article: Source
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