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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 393.24

+1.1%

Dec 11 4:00 PM EST

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From: TheSlowLane	2/22/2013 5:07:11 AM
	4 Recommendations Read Replies (1) of 29622

Apparently, jewellery demand in India shot up a staggering 34.8% to 153 tonnes in the fourth quarter of 2012 compared to 113.5 tonnes in the same quarter previous year. In the same period, however, investment demand also jumped over 51% to 108.9 tonnes from 72 tonnes. “Indian consumers buy gold for safety against inflation. Since, inflation has been a major problem for average Indian households, they keep refuge in gold as a savior,” said Mehul Choksi, managing director of India’s largest branded jewellery producer and retailer. Message 28739094

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