15.09.2016 - Indian Wedding Season Is a Golden Opportunity
The fact that gold prices have one of the more reliable annual price patterns isn't an obvious one because it is a mined commodity. Nevertheless, 'tis the season for the gold bulls to shine. Gold generally finds strength through early- to mid-September prior to the Indian wedding season, which runs from October through December. Elaborate weddings in India date back thousands of years and have consistently been a driver in the gold market. Traditional Indian weddings involve a bride draped in gold, helping India to become the world's largest consumer of gold jewelry. India accounts for roughly a third of global gold demand, with half of that being spent on jewelry for the average 10 million weddings held there each year...............................................Full Article: Source
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