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Easing of India rule seen boosting gold demand

Retailer says that it will remove monopoly enjoyed by bigger traders and allow more supplies to smaller jewellers
Tuesday, December 2, 2014 - 05:50

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An average of about five million weddings every year fuel demand for gold in India, with an average purchase for a wedding estimated at about 200g.

Mumbai

FOR Indian gold buyers looking for bargains ahead of the main wedding season, the scrapping of curbs on imports last week could not have come at a better time.

"I'm very happy that I'm able to get more gold within my budget," said Sunita Jain, 55, a housewife whose son is

sentifi.com

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