Wedding bells set to ring in fresh gold demand in India

Mumbai-India (Nov 5)  Demand for physical gold was lacklustre in top consumers India and China this week, while the lure of the metal remained stable in Singapore, but India’s peak wedding season is expected to usher in renewed interest for bullion in coming weeks.

 Gold is considered an essential part of weddings in India, second-biggest consumer of the metal in the world after China, and it is a popular gift on such occasions. Consequently, gold demand should increase shortly.

StandardNews