| Demand in the Indian gold market is expected to strengthen over the next 10 days as the festival of good over evil known as Navratri is under way. The nine-night and ten day festival is deemed as an auspicious time for Indians, a time in which they purchase luxury items such as gold. Indians believe that buying such luxury items at this time generates growth and prosperity.
Abhishek Mehta, vice president of RiddiSiddhi Bullions, told IBTimes.co.uk: "The market has always seen the rise of gold price during Navratri and Diwali, being festive season, this is when people tend to buy more."..............................................Full Article: Source
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