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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.19-0.7%Dec 2 4:00 PM EST

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To: Rolla Coasta who wrote (38937)8/18/2008 5:47:25 AM
From: TobagoJack   of 218147
 
just in on e-mail roundtable

Dear all, this is from the Western Indian state of Gujarat :

this state accounts for a very large share of Gold imports into India as traditionally a large number of jewellery manufacturers are based there and also because the city of Surat (also in Gujarat state) has the lion's share of the diamond trading/cutting/polishing business.

As of the past few days, there has been an unusual demand for 'biscuits' (Gold bars as they are traditionally called in India) but the cache is that delivery will be only after a week or so...the price is confirmed but delivery is not given on the spot !

100gms bars or above are all the more difficult..

I have got similar reports from Bombay and Calcutta as well but my reports about Gujarat are more confirmed/first-hand ! Anyone who wants to check this can do so....

Happy Panda hunting !
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