India`s gold demand nudges up in June quarter: WGC

by pankaj kumar | August 25, 2010 at 03:16 am

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India never ending gold demant still geowing at the brisk pace,credit goes to the indian females who love gold jewllary.

India's gold demand in the quarter to end June inched up to 164.5 tonnes from 164.2 tonnes a year ago, data from the World Gold Council showed on Wednesday.

Jewellery demand fell to 123 tonnes from 125.3 tonnes, while investment demand climbed to 41.5 tonnes from 38.9 tonnes a year ago

The World gold Coucil has also reported that gold consumption is set to stay strong in 2010, with India and China providing the main thrust to demand growth and investment increasing.

The WGC said in its second-quarter Gold Demand Trends report that it believes a retreat in prices from the record USD 1,264.90 hit in June, better seasonal demand for the metal and a more neutral speculative picture all bode well for demand

the real festive season is going to come and next quarter will bring roboust demand of the goold as it happend in the past people loves to buy the gold in festive and marriage seasons.