Today gold edged higher after the early dropping to as five week continuous low, as confusion over Greece's debt negotiations with European lenders who dominated the market, drumming up some safe haven bids of metal. And here India is like to remains the world's biggest gold consumer in this year after regains its top position from China at last year, driven by durable jewellery demand, The WGC (World Gold Council) said today that Indian consumers demand for jewellery and investment equalled to 842.7 tonnes last year, as compared with china its 813.6 tonnes. So, global demand of gold hit the last five year low as in jewellery, coins and bars failed to keep up in race with 2013's aloft levels. So, as we observe jewellery demand is the key factor in India that continue to drive the market in 2015 as well.
No comments:
Post a Comment