Demand for Gold Jewellery in India Remains Intact Despite High Price
03.10.11
Gold jewellery in India takes the repercussion of the all-time highs of the prices of gold as well as silver. Even though India is considered as the largest market for bullion, the highest gold prices were marked in Mumbai.
The sudden rose of gold price can be credited to the heightening violence and protests in various countries in the Middle East leading to massive panic and trauma. As the oil prices in the market are surging, so is the prices for gold and silver.
The demand of gold in India remains to be at its peak especially because wedding and festivals traditionally include buying gold jewellery. But then again, analysts from around the world fear that there can be no way to solve the soaring gold prices until the Middle East crisis is through.