Reuters reported that Indian demand for gold is expected to rebound in 2013, after lagging in 2012.
As quoted in the market report:
An increase in auspicious days for weddings in 2013 – a key factor driving gold jewellery purchases in the world’s top gold consumer – will help boost demand by 25 percent on the year, said Shekhar Bhandari, executive vice president of treasury at Mumbai-based Kotak Mahindra Bank.
