| From Commodityonline.com: There is no stopping the gold. If you want any proof for that just check out the World Gold Council data. According to the council, total demand for gold in India, the world’s largest market for the metal, was up 84 per cent in tonnage terms in the fourth quarter of 2008 calendar year. In fact the jewellery demand was up 107 per cent.
As banks and large financial houses started selling gold to retail customers, Indian consumers invested more in gold in 2008. The WGC says 71% of the purchases was for jewellery and 29% for investment products such as gold bars and coins..... Full Article: Source
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