Page 5 - Zaveri Bazaar News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Gold Demand: Though the price of gold is on the higher side at Rs 59,000 per 10 gm compared to Rs 50,880 per 10 gm this time last year, sales would have been good had there not been a rally in the stock market, said Surendra Mehta, national secretary, Indian Bullion & Jewellers Association (IBJA).

Though the price of gold is on the higher side at Rs 59,000 per 10 gm compared to Rs 50,880 per 10 gm this time last year, sales would have been good had there not been a rally in the stock market, said Surendra Mehta, national secretary, Indian Bullion & Jewellers Association (IBJA).

Gold demand is picking up in India. The countrys big retail jewellers said that with the festival and wedding season approaching, consumers have started purchases to gain from the nearly 6.5% drop in prices from the June quarter. Experts views that gold prices in India may not drop significantly now have also aided this increase in demand.

Gold demand is picking up in India. The country’s big retail jewellers said that with the festival and...