Valuers World
  
Indians bought 56 tonnes of gold during Dhantera- Diwali

 
Post new topic   Reply to topic    Valuers World Forum Index -> Interesting News around the world
(HELP?) View previous topic :: View next topic  
Author Message
rashmi



Joined: 03 Oct 2008
Posts: 60

PostPosted: Fri Oct 23, 2009 1:52 pm    Post subject: Indians bought 56 tonnes of gold during Dhantera- Diwali Reply with quote

Fri, Oct 23, 2009

Indians bought 56 tonnes of gold during this year's Dhanteras and Diwali week from Oct. 12 to Oct. 19, up 5.7 percent, the World Gold Council said on Friday.

"This increase in demand can be attributed to consumer's belief of gold being the only safe investment in the current global market scenario," said Ajay Mitra, managing director of the World Gold Council India.

"Based on the existing consumer reaction to gold, we are confident that the current trend will continue for the rest of the year," said Mitra.

India, the world's largest consumer of the yellow metal, celebrated Dhanteras on Oct. 15 and Diwali on Oct. 17, when Hindus buy gold for auspicious reasons.

Gold prices hit an all-time high of 16,050 rupees per 10 grams on Thursday.

Back to top
View user's profile Send private message

Display posts from previous:   
Post new topic   Reply to topic    Valuers World Forum Index -> Interesting News around the world
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You can download files in this forum

You are visitor no. 18386279


Copyright ValuersWorld.com © 2008

Powered by Kragos