Physical gold demand; strong for another seven weeks – or not?

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Sun, Sep 7, 2008
Gold Market News
Post by Melissa Pistilli, Gold Senior Reporter

Mineweb(Editorial) reports the demand for physical gold could be strong for another 7 weeks in India.

The physical gold market has been immensely strong since the middle of August, with India in the vanguard.  There has been regular evidence of Indian jewellers having to pay high premia for physical metal and more than one investment bank has been reporting that gold sales to India have rocketed due to  the substantial restocking that has taken place in the local market over the past year.  Now the numbers are starting to filter through. 

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