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To: re3 who wrote (32416)5/10/2000 10:54:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 42523
 
India is one of the largest importers of gold in the world, largely for traditional reasons. Indian gold import is generally price elastic. so it's no big stretch to infer that lower prices have stimulated demand.



To: re3 who wrote (32416)5/11/2000 4:39:00 AM
From: Nandu  Respond to of 42523
 
anyone 'round here got contacts in India to verify this?

Contacts? I am in India. Does that count? Oh, and I just bought some gold jewellery for my wife too.

it is true that gold price picked up a little bit recently. Also, inflation in general is up, and may push gold up. Against this, the drought in some states is expected to affect agricultural/rural income which in turn will affect demand for gold.


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