High Demand for Gold Jewellery in India Due to Investment Gold
03.10.11
Now that the prices of gold jewellery in India are no longer as they were, analysts take a peek of what is really going on in regard to the sudden increase of prices.
Some analysts take their stand on investment gold as the reason why there is a surging gold production. Last year, there was up to around 3% increase in the production of gold. In line with this, there is a reasonable plummet in the need for jewellery gold as compared to investment golds.
Because of the large demand for gold from India, the demand for jewellery rose to 17% last year. Last 2009, the demand was way lower than usual, though. The demand may be here and there, but it remains to be volatile with the fivefold rise.
Photo source mckaysavage