Tuesday, September 26, 2006 8:39:28 PM
Indian Gold Purchases should be good going forward....
Indian gold
Posted: Mon, 25 Sep 2006
[miningmx.com] -- INDIA may import 10% more gold this year as a fall in world prices just ahead of the marriage and festival seasons had opened up a buying opportunity consumers, reported Reuters citing an industry official. "I believe that a steady gold price is a sound indication that a reasonably good season is ahead of us," Bakul Mehta, chairperson of the Gem and Jewellery Export Promotion Council, told Reuters.
Softer gold prices are also expected to boost the world appetite for Indian jewellery, exports of which could rise 15% in 2006, said Mehta.
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Monsoon shows normal rainfall over almost all India, thus the rural farmers should have cash for gold purchases once the harvest is in...
http://www.gold.org/deliver.php?file=/rs_archive/the_role_of_gold_in_india.pdf
Indian gold
Posted: Mon, 25 Sep 2006
[miningmx.com] -- INDIA may import 10% more gold this year as a fall in world prices just ahead of the marriage and festival seasons had opened up a buying opportunity consumers, reported Reuters citing an industry official. "I believe that a steady gold price is a sound indication that a reasonably good season is ahead of us," Bakul Mehta, chairperson of the Gem and Jewellery Export Promotion Council, told Reuters.
Softer gold prices are also expected to boost the world appetite for Indian jewellery, exports of which could rise 15% in 2006, said Mehta.
_______
Monsoon shows normal rainfall over almost all India, thus the rural farmers should have cash for gold purchases once the harvest is in...
http://www.gold.org/deliver.php?file=/rs_archive/the_role_of_gold_in_india.pdf
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