Articles
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Falling prices boost gold demand in India
Gold prices are in a free fall with the global demand for the yellow metal slumping to its lowest in nearly five years. But the Indian love affair with gold continues. Here are some points that investors can consider while taking a call on the yellow metal:
Slide to boost gold buys
The continuing slide in prices will result in higher gold consumption, say experts. “The fall in gold prices has brought consumers back into the market. This (fall) is turning out to be a good buying opportunity,” says Keyur Shah, CEO (precious metals business), Muthoot Pappachan Group. C P Krishnan, whole-time director, Geojit Comtrade, says, “Lower gold prices have attracted retail buyers. The demand during Dhanteras was also good. The festive season demand would also be better.” While gold buying is traditionally subdued in Q3, the demand is usually high during the festival season (Q4 - October-December).
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