The Economic Times of India reports with the global crisis in the financial markets, gold buying spirit has been pretty slow despite the festivities in the coming week.

“In the current financial crisis in the global market, semi-urban and rural India are going ahead with gold buying, while in urban centres, they are adopting a wait and watch policy,” World Gold Council (WGC) Managing Director Ajay Mitra said on the sidelines of the launch of India Post’s retail sale of gold coins here.

For complete story, click this link. Follow developments in gold mining and exploration for free.Sign on to the Gold Investing Newsletter.